A joint venture broke ground on a 239-townhome build-to-rent project set to rise on a 20-acre Stone Mountain parcel that was purchased from the Paideia School for $6.5 million in June 2021.
The joint venture includes developer Kaplan Residential, investor Dune Real Estate Partners and an affiliate of Brock Built Homes, which is serving as the general contractor.
Located at 3940 Redan Road, the development will be called Avondale East, and the first units are scheduled to open in summer 2023. The one-, two- and three-bedroom residences will come with personal garages and range from 1,050 to 1,613 square feet.
