Parkland Residential announces it has secured construction financing from The Piedmont Bank for Phase Two of Sweetwater Springs in Lawrenceville. Land Development is complete, and framing will start soon on the 37 stacked townhomes in Phase Two of this build-to-rent community.
“I’d like to thank The Piedmont Bank for supporting this new phase with a $8 Million construction loan,” said Jim Jacobi, President of Parkland Residential. “We already have a long interest list for this second phase showing the amount of pent-up demand for rental homes in the market”.
“Our first resident moved in three years ago and is still living in the community,” states Jacobi. “And unlike many build-to-rent communities, we still own the community and have no plans to sell”.
Sweetwater Springs is an all-inclusive, build-to-rent community for renters who value the convenience and flexibility of a maintenance-free lifestyle along with the lavish features typically associated with homeownership. This unique community offers an ideal solution for renters who prioritize having the freedom to travel and ease of living without the commitment of owning a home.
The two or three-bedroom stacked townhomes in Sweetwater Springs are designed with rear entry access and a one-car garage. Each townhome features an oversized primary suite with a walk-in closet and a luxurious bathroom with dual vanities. The open floor plan includes large kitchens, family rooms, and covered outdoor living areas, making the townhomes perfect for entertaining. The three-bedroom units come with a loft and offer up to 1,958 square feet of living space, while the two-bedroom units provide 1,636 square feet of living space.
Sweetwater Springs is filling the gap for the “missing middle” housing by transforming underutilized commercial areas into appealing, functional living spaces. This innovative approach addresses the need for affordable housing and contributes to the community’s revitalization. Sweetwater Springs sets a new standard for residential development as the first build-to-rent community in Gwinnett County to offer stacked townhomes.
Located at 1510 Duluth Highway in Lawrenceville, within the prestigious Peachtree Ridge High School district. Sweetwater Springs offers walkability to amenities that support a modern, hassle-free lifestyle.
