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$1,400,000

Joint Venture Development Opportunity - The Grove Collection Atlanta We are seeking an experienced joint venture development partner for The Grove Collection Atlanta, an exclusive luxury townhome community. Project Overview * 16 luxury townhomes * Three-story residences * Approximately 1,800 square feet per home * Parcel consolidation into one development site * Land is owned free and clear (no debt) Financial Highlights * Land basis: $100,000 per unit * Estimated construction cost: $300,000 per unit * Total development cost: Approximately $400,000 per residence (excluding financing, soft costs, and contingencies) * Target sales price: $750,000 per residence * Projected sellout value (ARV): Approximately $12,000,000 We are looking for a strategic joint venture partner with experience in luxury residential development who can provide development expertise, construction management, capital, or a combination of these resources to bring this project to completion.

3 Beds ⋅ 5 Baths ⋅ 10722343 MLS

17 Grove Park Place NW, Atlanta

Listing courtesy of Trelora Realty, Inc..