Market Place: A New Master-planned Residential Neighborhood by The Providence Group to Begin Development in Cumming, GA
05 Agosto 2024 - 3:05PM
Business Wire
The Providence Group, a subsidiary of Green Brick Partners, Inc.
(NYSE: GRBK), and a highly respected top ten builder in Atlanta,
announced today the acquisition of a 93.4 acre tract in Cumming,
which is within minutes of Georgia 400 and Cumming City Center.
This community will be the third venture by The Providence Group in
this fast-growing, highly sought-after market.
The gated community will include a blend of home designs across
444 homesites at prices expected to range from the mid $500’s to
the high $800’s. The Providence Group will feature traditional
single family homes offering both alley entry and front entry
designs on 244 homesites. Additionally, the community will include
200 three-story, alley entry townhomes.
Consistent with The Providence Group’s decades long history and
mission, the neighborhood will offer an elevated lifestyle with
amenities such as a clubhouse, pool, pickleball courts and
extensive open greenspace. Yard maintenance will also be included
as one of the amenities offered by the HOA. The neighborhood’s
prime location further offers close proximity to local dining,
shopping and recreational activities. Northside Hospital is also
conveniently located one exit away on Georgia 400.
“We are excited to begin development of this amazing new
community in Cumming,” said Warren Jolly, President of The
Providence Group. “It will be our third community in this growing
market area, and we couldn’t be more thrilled with the location and
the opportunity.”
About The Providence Group
Celebrating a legacy of over 20 years of success in the
homebuilding industry, The Providence Group continues to develop
and build award-winning communities fulfilling its mission to
provide Lifestyle, Location and Luxury to its growing family of
homeowners. Throughout its long history, the company has built
well-crafted homes in on-of-a-kind communities in the most
sought-after locations in and around Atlanta, offering an
unsurpassed, low-maintenance lifestyle for residents and enhancing
the value of surrounding neighborhoods. Each location is
intentionally selected for accessibility and proximity to the best
school districts, entertainment, shopping and dining options, and
every neighborhood is outfitted with amenities tailored for the
lifestyle of the area. In 2011, The Providence Group entered a
financial partnership with JBGL Builder Finance which subsequently
became Green Brick Partners, Inc., a diversified homebuilding and
land development company listed on the New York Stock Exchange
under the ticker symbol “GRBK”. With Green Brick’s financial and
operational support, The Providence Group has been able to combine
its local expertise with the financial liquidity of a national,
public homebuilder. Visit theprovidencegroup.com to learn more.
About Green Brick Partners, Inc.
Green Brick Partners, Inc (NYSE: GRBK), the third largest
homebuilder in Dallas/Fort Worth, is a diversified homebuilding and
land development company that operates in Texas, Georgia, and
Florida. Green Brick owns five subsidiary homebuilders in Texas (CB
JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature
Homes, and a 90% interest in Centre Living Homes), as well as a
controlling interest in a homebuilder in Atlanta, Georgia (The
Providence Group) and an 80% interest in a homebuilder in Port St.
Lucie, Florida (GHO Homes). Green Brick also retains interests in
related financial services platforms, including Green Brick Title
and BHome Mortgage. The Company is engaged in all aspects of the
homebuilding process, including land acquisition and development,
entitlements, design, construction, marketing, and sales for its
residential neighborhoods and master-planned communities. For more
information about Green Brick Partners Inc.’s subsidiary
homebuilders, please visit
https://greenbrickpartners.com/brands-services/
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version on businesswire.com: https://www.businesswire.com/news/home/20240805551594/en/
The Providence Group Contact: Dusty Talbert Director of
Marketing (478) 747-1210 dtalbert@theprovidencegroup.com
Green Brick Partners Contact: Benting Hu Vice President
of Finance (469) 573-6755 IR@greenbrickpartners.com
Green Brick Partners (NYSE:GRBK)
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