The River Club
For Immediate Release
LANDEAVOR ACQUIRES THE RIVER CLUB FROM CRESCENT COMMUNITIES
Developer’s first land purchase in the Atlanta market
Roswell, GA (August 25, 2016) — Landeavor, LLC, a residential real estate development company, announces the purchase of the acclaimed private, golf course community The River Club, from original developer Crescent Communities. The purchase marks the company’s first acquisition in the Atlanta market and the return of executives Mr. David Frame and Mr. Adam Lorry to the development landscape in the metro area. Messrs. Frame and Lorry, former leaders of Terrabrook, the one-time largest real estate development company in the United States, previously developed Windward, Windermere and Laurel Springs.
The River Club, located in Suwanee, GA, is Landeavor’s 10th acquisition and spreads the company’s portfolio across nine markets throughout the Southeast and Texas.
“We are thrilled to own the last remaining land parcels in Atlanta’s premiere luxury home community,” states Mr. Frame. “The River Club is an impeccable community. It is the perfect opportunity to not only continue to build upon the community’s legacy but to also begin our market presence in Atlanta.”
Mr. Frame continues, “Atlanta is an important step in growing our portfolio. The housing and employment economics are strong, the market continues to recover and we are extremely optimistic about the future.”
Landeavor purchased the final 110 existing and future homesites within the River Club. The private, Greg
Norman-designed golf course was not part of the transaction.
Landeavor intends to continue to sell homesites to the general public as well as qualified, luxury home builders. “As the housing economy continues to recover, we are seeing increasing demand in the luxury price band,” states Mr. Frame. “There are not many luxury home communities in the northern -Atlanta submarket with available inventory for today’s discerning buyers. The River Club is perfectly positioned to capture this demand.”
Current homes are priced from $1.2 million; homesites begin in the high $100,000s. More information can be found at www.riverclub.com
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