Toronto Based Home Builder Enters Atlanta Market
Atlanta Real Estate Forum announces that the latest builder to enter Atlanta is Toronto, Canada based Ballantry Homes. The move represents the company’s first venture outside of Toronto and its first-time operating in the U.S.
“The Atlanta new homes market is constantly growing,” said Carol Morgan, publisher of Atlanta Real Estate Forum and managing partner of mRELEVANCE, LLC. “As builders from outside the market look around the country and see the markets with the most potential for future economic growth Atlanta becomes a natural choice for them. Their presence will allow our economy to improve even more with more jobs generated by the new homes they build.”
Ballantry Homes is planning for grand openings of new Atlanta real estate developments in late 2013. Each community will be a new development and marketed towards first and second time move-up buyers.
The builder recently obtained zoning approval from the Cobb County Board of Commissioners for one community in West Cobb off Macland Road. 123 homes that range in size from 2,200 to 4,000 square feet will be built with prices from the high $200,000s to $400,000s.
The company will also be working with local builder Edward Andrews Homes on a community in Roswell off Etris Road, as well as a community in South Forsyth.
Rob Martin will lead the Atlanta division. He recently stated that Ballantry Homes had been interested in the Atlanta market since as early as 2005. He believes that the similarity in population and demographics of Toronto and Atlanta helped direct the company’s decision.
Founded by David Hill in 1989, Ballantry Homes is currently building more than 300 homes a year in the Toronto market.
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