» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 121 | NO. 130 | Tuesday, June 27, 2006

Reid Begins Work in New Bartlett Subdivision

Print | Front Page | Email this story | Comments ()

33 lots in
Country Creek subdivision
Sale Amount: $1.6 million

     Sale Date:     June 6, 2006

     Buyer:     Reid Homes Inc.

     Seller:     ATD GA LLC

     Details:     Reid Homes Inc. is beginning construction on 33 lots in Country Creek Subdivision north of North Brother Boulevard between Appling Road and North Germantown Parkway.
Country Creek was approved June 1 for 68 lots on 21 acres. Rivercrest Builders also will build homes in the subdivision.
The homes built by Reid will average 2,200 to 2,500 square feet, said James Reid, president of Reid Homes Inc.
Construction is in the very early stages.
"We're just now getting our first couple (of homes) started in there. I don't think we've got anything more than a slab right now," he said, adding the three-bedroom, two- and three-bath homes will probably sell for between $225,000 to $250,000.
Though Reid has been building in Bartlett for years, he said the homes his company is building in Country Creek are different from what the company normally builds.
"These lots are little bit smaller, and we were able to do a little bit smaller home than we've typically done in the past," he said. "Most everything we've got now is like $250,000 to $290,000, so that allows us to get in a little bit different market than we were in with some of our other subdivisions."
The first homes should be completed by the middle of September, Reid said.
"And we'll probably be (building) in there anywhere from, say, a year to 18 months."
The 33-year-old company also has homes in the Gailyn Manor, Brunswick Farms and Prosperity Point subdivisions in Bartlett.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 20 39 190
BUILDING PERMITS 0 305 3,056
BANKRUPTCIES 17 135 753
BUSINESS LICENSES 0 53 329
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0