The residential lots are for the master plan community Edenwood in the Lost Creek subdivision
SCOTTSDALE, Ariz. (June 17, 2022) – Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, has closed the first phase of a 409-acre land sale in the city of Dallas in Paulding County, Georgia. The land was purchased as a six-phased strategy by D.R. Horton, the largest homebuilder by volume in the U.S., for the master plan community Edenwood in the Lost Creek subdivision.
“D.R. Horton previously purchased the developed lots in the Lost Creek subdivision,” said Anthony Sparrow, senior vice president of Tennessee, Georgia and the Carolinas at Walton Global. “We are excited to see D.R. Horton’s design and we are looking forward to seeing this project progress into needed new homes for this submarket.”
D.R. Horton will begin the first phase with approximately 40 acres of land for 78 planned lots. The remaining five phases as part of the option agreement strategy with Walton Global, are expected to be executed over the next several years. When all six phases are complete, there will be an anticipated combined total of 652 homes within the Edenwood Master Plan.
Tim Arnold, division president of D.R. Horton’s Atlanta West division, stated, “Located within the highly desirable North Paulding school district, we are excited for the continued relationship with Walton Global and the opportunity to build high quality homes within the Lost Creek community. Lost Creek will be enhanced by the new amenity which is planned to be constructed and ready for use in the summer of 2024.”
The Lost Creek subdivision is a five-to-10-minute drive from the region’s primary thoroughfares including Cobb Parkway, Interstate 75, Dallas Highway and U.S. Highway 278. The city of Dallas, Georgia, is approximately 38 miles from downtown Atlanta.