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Prestwick Development to Launch Gateway East Point

ATLANTA-The $13M affordable housing development will have 100 apartments for the elderly.

By Hortense Leon | Updated on May 25, 2010

ATLANTA-The Prestwick Development Co. will launch an affordable-housing development for the elderly, now that it has purchased the property for the project, a 2.13-acre site in the East Point Corridors Tax Allocation District in the city of East Point in the Atlanta metropolitan area.

The property was purchased for $1.7 million from the Citizens Trust Bank, which had foreclosed on the property. Richard Bowers & Co., a commercial real estate company, represented the seller.

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