World News: 13:36 GMT Tuesday 28th May 2019. [Green Brick Partners, Inc. via Globe Newswire via SPi World News]
PLANO, Texas, May 28, 2019 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) is pleased to announce that Green Brick Partners’ subsidiary, The Providence Group, has closed on another opportunity in a AAA submarket in Alpharetta, Georgia.
“We are proposing a 122 home product mix for the community that will be a blend of two and three-story townhomes, along with a new stacked flat condo building that will enable us to reach a price point of just over $300,000 which, in this submarket, is not currently available for new construction,” said Jeff Kingsfield, CEO of The Providence Group. “This product has had a proven track record of success and we anticipate seeing a strong interest from both millennial and move-down buyers seeking a value-oriented housing alternative at the center of the city.”
In addition to an onsite pool, cabana, gated entrance, and expansive walking trails, residents of Haynes Bridge will enjoy living in one of the fastest growing cities in the nation and a short distance from Alpharetta City Center, Avalon, and the Verizon Amphitheater.
“We are pleased to see The Providence Group continue to expand in this first class walkable community,” said Jim Brickman, CEO of Green Brick Partners. “The success of The Providence Group’s East of Main and Chelsea Walk communities along with the continuing improvements and expansion planned for the City of Alpharetta indicated to us that there was a continued need for quality, townhomes at the city center.”
Prices at Haynes Bridge will range from the low $300’s to the $700’s. The community will be open for sales winter 2019 and a model will be open Spring/Summer 2020. For more information on The Providence Group and to receive more information, please visit .
Contact: Shalott Cecchini Marketing Manager (T) 469-573-6741
Globe Newswire: 13:36 GMT Tuesday 28th May 2019
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