Parkland Residential announces that Sweetwater Springs in Lawrenceville is leasing rapidly. The decorated model homes are now open for tours, so prospective renters can tour the townhomes to see why this for-rent community is such a hot property.
“Homes are renting so fast it is unbelievable,” Parkland Residential President Jim Jacobi said. “The first two buildings of 28 townhome units were all pre-leased before construction was completed.”
“We had a waiting list of 50 people before opening for the community for leasing. Our first residents will begin moving in during the second week of June.”
Sweetwater Springs is the company’s first build-to-rent community. It features a unique stacked townhome product that is specifically designed to repurpose under-utilized commercial parcels to supply homes for the missing middle.
“There is a huge lack of supply of homes for the missing middle creating a surplus of rental demand for product in this niche,” Jacobi said. “We were able to complete this unique product and meet some of the market demand thanks to Trez Capital for providing construction financing.”
Managed by Lincoln Property Group Sweetwater Springs is located at 1510 Duluth Highway in Lawrenceville. The community is one of the first build-to-rent communities in Gwinnett County and a first example of stacked townhomes within the county. Parkland Residential has more build-to-rent communities coming soon using these creative stacked townhome plans.
Located in the highly coveted Peachtree Ridge High School district, Sweetwater Springs includes an abundance of park space. This unique townhome product offers 58 opportunities for renters in the center of it all in Lawrenceville.
The rear-entry stacked townhomes offer one-car garages and two or three bedrooms including large, private owner’s suites with walk-in closets and impressive baths featuring dual vanities. The spacious, open floor plans feature sizable kitchens that open into oversized family rooms with covered outdoor living spaces, perfect for families and entertaining guests.
The three-bedroom units offer two-and-a-half baths plus a loft with 1,950 square feet of total living space, and two-bedroom units offer 1,630 square feet of total living space. The monthly rent for townhome units ranges from $1,950 to $2,300 per month. For more information, call 470-402-2300 or visit Sweetwater Springs on the Lincoln Property Company website.
Parkland Residential is focused on the underserved missing middle market. The concept of missing middle is defined by John Hunt, principal with MarketNsight, as a single-family home located alongside what looks like a single-family residence but is really a duplex, quad, eightplex or more. Missing middle housing goes hand-in-hand with affordable housing. Many consumers want to live near work but cannot afford to and having other options for housing is important.
Parkland Residential is a new homebuilding company focused on creating build-to-rent communities. Based in metro Atlanta, the build-to-rent company’s goal is to provide affordable missing middle housing in locations where consumers want to live. Parkland Residential plans to build many build-to-rent communities over the next several years.
Parkland Communities, Inc., the sister company to Parkland Residential, is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.
For more information on Parkland Communities, visit www.ParklandCo.com.