Sand Dunes development features luxury homes - WALB.com, Albany News, Weather, Sports

Sand Dunes development features luxury homes

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September 20, 2007

Albany -- A $25 million housing development at the Sand Dunes near Downtown Albany continues to grow. A group of Atlanta developers is betting big bucks in the future growth of downtown Albany.

The first town homes in the Enclave are nearly finished, with their open house for sales set for October 21st. A group of Atlanta developers, Liberty Partners, David Gibson, and Dwidon Group, are building a three phase group of 183 luxury town homes and upscale apartments on the Sand Dunes off Oglethorpe Boulevard near Downtown.

 The developers are betting heavily in the future of Albany's downtown. Liberty Partners Rod Mullice said "you have folks working together to bring economic development here. You have an investment in downtown of almost $200 million. So we thought with that type of commitment we could do our part."

The Atlanta group sees a lack of luxury town homes and apartments in Albany, especially in the downtown area. They picked this Sand Dune location because of it's downtown location, and think people, especially retirees, will find Albany attractive.

Mullice said " The taxes here in Albany, we think the climate here in Albany, we think the lack of hurricanes here in Albany is something that will attract folks from Florida who don't want to pay the hurricane tax anymore."

 Real estate agents say the first town homes, in the $117,000 range, are already hot properties.

The entire three phase project, tentatively called the District, is slated to be completed by 2008.

 The development group just received one permit from the city needed to begin construction on their second phase, a gated community of town homes. Construction will begin in the next 30 days.

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