Coro Realty, Miller Lowry Sell Approximately Half of Mixed-use Site in Hapeville to D.R. Horton
Thursday, December 8th, 2022
Coro Realty, a diverse real estate investment and management company, and joint-venture partner, Miller Lowry Developments have sold 8.3 acres in downtown Hapeville to D.R. Horton, the country’s largest homebuilder by volume since 2002.
The partnership acquired a 16-acre parcel in 2020, which consisted of approximately 60 properties on Chestnut and Elm Streets. The 8.3 acres represent the western portion of the site.
The parcel is in close proximity to the global headquarters of Delta Airlines, a Wells Fargo corporate campus, the Kimpton Overland Hotel, and local destinations, including John Lewis Memorial Park and Arches Brewing.
“Coro Realty is excited to be a part of Hapeville’s growth and to help reactivate a long-dormant part of this city’s residential core,” said Robert Fransen, President and Managing Partner, Coro Realty. “We continue to seek best-in-class partners to enhance this key site less than a quarter mile from Hartsfield-Jackson Atlanta International Airport.”
D.R. Horton is planning to build approximately 110 townhomes on the site.