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Blue River Development, LLC, a prominent real estate developer, closes out the year strong with six significant land deals from Q3 to date totaling $22 million. These sales in Georgia and Alabama mark a milestone in the company’s expansion into new markets, including Florida, the Carolinas, Nashville, Texas and new metro Atlanta areas. Additional closings are on the books and scheduled for January 2024.
The Q3 land deals include:
- Clocktower in Douglasville, Georgia, is a community featuring 37 front-entry townhomes on 9.63 acres purchased by Stephen Elliot Homes.
- Indian Creek in Huntsville, Alabama, offers 69 townhomes on 14 acres from Deluxeton Homes.
- Spanning 80 acres. 646 North Ola in McDonough, Georgia, is a 95-home community purchased by Century Communities.
- 401 Rose Drive in Marietta, Georgia, was bought by Davidson Homes. This 33-townhome community is located on 3.26 acres.
- Silver Comet Commons in Powder Spring, Georgia, is a 70-unit townhome development on 11.65 acres purchased by Pulte Homes.
- Georgia Walk West in Warner Robins, Georgia, is 107 fully developed final plat lots on 33.5 acres that Lennar bought.
“These closings represent the growth of Blue River Development and our commitment to addressing the critical need for new housing in these vibrant communities,” said Managing Partner Michael Cooper. “Our strategic expansion aligns with market demand, and we’re proud to contribute to regional development.”
“The successful closing of these deals is a testament to our team’s hard work and the strong relationships we’ve built in the industry. Additionally, we look forward to a strong 2024 as we already have multiple properties set to close in January,” adds Brad Cooper, Managing Partner, “As we continue to navigate the evolving real estate landscape, we are laser-focused on creating opportunities that benefit our partners and the communities we serve.”
As Blue River Development continues to forge ahead, these completed deals signal the company’s robust presence in the real estate development arena and its unwavering commitment to addressing the housing supply challenges in its markets.
For more information about Blue River Development and its services, visit www.BlueRiverDevelopment.com.
About Blue River Development, LLC
Blue River Development, LLC is a nationally recognized, industry-leading land sales and development team specializing in the Southeast. Its team has over 22 years of experience and has been involved in the origination, acquisition, development and disposition of nearly $3 billion in projects. Such projects are comprised of thousands of residential lots, multifamily units and retail developments. The firm’s success is driven by its ability to catalog, organize and analyze the most up-to-date market data, its integrity, and accountability to clients and investors. For more information, visit www.BlueRiverDevelopment.com.
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