NEWSTAR announced that it has acquired 19 acres northeast of Atlanta and commenced development of a new single-family rental neighborhood. Upon completion, the community will feature 133 homes, including 87 4-bedroom homes with 2-car garages and 46 3-bedroom homes with 1-car garages. All homes will feature brick fronts with Hardiplank side and rear facades, fenced-in sodded backyards, Quartz countertops, walk-in pantries, framed mirrors, stainless steel kitchen appliances, tile backsplash, and luxury vinyl plank floors in living areas and bathrooms. NEWSTAR is partnering on the project with Red Cedar Homes.
“We are looking forward to delivering high-quality homes for the Braselton community, an affluent suburb of Atlanta with highly rated schools, attractive retail amenities, a newly expanded major hospital campus, and great live-work-play balance in close proximity to Lake Lanier,” said Jason Frost, Chief Development Officer for NEWSTAR. “This new community will serve residents seeking suburban living in a flexible and attainable rental format.”
Construction is expected to begin in the third quarter of 2025 with first homes delivering in Spring 2026.
NEWSTAR was founded in 2021 by former executives of Preferred Apartment Communities, Inc., a publicly traded REIT that was acquired by Blackstone (NYSE: BX) for $5.8 billion in 2022. Our leadership team brings more than 100 years of experience across more than 10,000 residential units, 10 million square feet of commercial property, and more than $10 billion invested capital. From sourcing land, developing lots, and building and leasing homes for families in new rental communities with Class A finishes and amenities, NEWSTAR invests day in and day out to provide better housing for our communities.
Red Cedar is the fastest growing home builder in Charlotte, we pride ourselves on delivering unparalleled craftsmanship and innovation to our clients. Our commitment to excellence is reflected in every detail of our homes, from the carefully selected materials to the expertly executed designs. We build eco-friendly homes with sustainable materials and energy-efficient technologies for a greener future.
