Developer Mill Creek is seeking to develop a 30-story tower on 10th Street NE, while Property Markets Group is proposing a 33-story building on Peachtree Street.
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The sale represents the New York-based firm’s almost complete exit of the single-family rental homes it purchased in the wake of the financial crisis.
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The Atlanta-area communities are in Alpharetta and Sugar Hill, while the Texas projects are in Frisco, Allen, McKinney, Forney, Princeton, Grand Prairie and Waxahachie.
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All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.
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The amenity-rich community offers one-, two- and three-bedroom apartments, and one-bedroom rents start at $1,147, while two-bedrooms start at $1,504.
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Covington Town Center, a 131-acre project currently under construction, will also include a movie theater, a Publix supermarket, commercial office space and two flagship Marriott hotels within walking distance of the residences.
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The 19-hole Oaks Golf Course will be replaced with 142 single-family houses, 190 townhomes, 360 apartments and 143,000 square feet of retail space.
The developer, Covington-based Infinity Homes and Development LLC, is also planning to build 143,000-
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The five-story, wood-frame building will be located on the future Westside Beltline Trail and one mile away from the Westside Reservoir Park at Bellwood Quarry.
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The three-story building at 1223 Canton will replace a single-family home that, like its neighbors, has been converted to office use.
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The national homebuilder will tear down five older single-family houses to make way for the new master-planned community.
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