Real estate firm Isakson Living is moving forward with long-stalled development of a prime parcel in the Peachtree Hills neighborhood of Atlanta.
The company said in a news release this week it will restart development of the first phase of the Peachtree Hills Place project, which will include 84 condominiums and eight single-family residences in the coming months. The project in its entirety includes 192 condos and 12 single-family homes.
“Since 2009, no new housing options have been developed in this area that include the amenities, services and continuum of care that we will offer at Peachtree Hills Place,” Andy Isakson, Managing Partner of Isakson Living. “We are excited to be moving forward with the project and appreciate the long-standing positive support of the surrounding neighborhood and of future residents.”
Isakson Living announced the project, which will have senior living amenities, in 2006 and started presales. The company said in a news release it had more than 150 presales before the recession hit, which halted plans to move forward.
Isakson Living said the project will feature amenities including a clubhouse, dining and a fitness center.