Traton Homes plans to finish what another townhome developer stopped doing. (Like that old saying: "The best laid plans of mice and men get finished by other people.")
Traton Homes just purchased
nearly three acres of developed lots at Lafayette Square—an
incomplete townhouse community at the corner of Georgia 400 and Spalding Drive in Sandy Springs. The company plans to transform those
25 existing lots into townhouses that mirror the existing community, says KW Commercial's
Joe Cannon, who repped Traton. The company
paid $1.2M for the lots.
Joe tells us Traton also is under contract to
purchase another 50 undeveloped lots in Lafayette Square. (They should save one to be sandlot baseball field for employees to blow off steam.) It's part of the home builder's "
aggressive" acquisition spree in metro Atlanta as the area's
home market bounces back, he says. Traton's other recent buy: three acres off Happy Hollow Road in Dunwoody; the company is
pursuing a 20 single-family home project in Sandy Springs.
