The site is on GA 20 and Jack Page Lane in the Macedonia community, about 30 miles north of Downtown Atlanta. Area brokers familiar with Cherokee County's growing attraction to developers tell GlobeSt.com KB may have to reduce the size of its planned project to meet existing density standards in the area.

County staffers confirm to GlobeSt.com that existing nearby zoning to the east allows only one house per acre. South of KB's site, the zoning calls for one house every two acres. KB's planned 500 homes on 153 acres equates to about three homes per acre.

KB's request to the county's zoning department asks for zero-lot-line zoning that would permit up to six units per acre, making the project the densest subdivision in the immediate area, brokers tell GlobeSt.com.

KB acquired the 28-year-old Colony Homes in a deal valued at an estimated $100 million, according to local brokers in a position to know, as GlobeSt.com previously reported.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.