Five years after Forsyth County’s own master-planned utopia broke ground, it appears to be emblematic of the pandemic-era gold rush for housing in suburban Atlanta, where bidding-war horror stories abound right now.
Developers behind Halcyon, the Avalon-esque mini-city in the Alpharetta portion of Forsyth, have said since conceptual stages that townhome prices will start the $400,000s.
Less predictable were standalone four-bedroom houses—hardly mansions—that have crested $800,000 in recent listings.
Two homebuilders, Empire Communities and Monte Hewett Homes, plan to eventually deliver about 700 homes across the 135 acres of Halcyon, a RocaPoint Partners development.
The two homebuilders, Empire Communities and Monte Hewett Homes, plan to eventually build 205 homes across the 700 residences and 135 acres of Halcyon, a RocaPoint Partners development. Greystar has delivered the remaining homes in multifamily buildings.
One Empire rep recently told Urbanize Atlanta the homebuilder can’t keep up with the influx of homebuyers at Halcyon, where a demand for walkability with suburban spaciousness is outpacing housing supply.
A year after the first Halcyon homeowners moved in, one third of planned single-family homes and two-thirds of townhomes are spoken for. The priciest sale to date is a four-bedroom MH Halcyon house that fetched $774,000 before Christmas, according to listing services.
“These trends have surpassed the expectations Halcyon and Empire had pre-COVID, pushing new construction to the forefront,” the project rep wrote in an email.
Beyond for-sale housing, a Krog Street-style food hall and brewpub, the county’s first dine-in cinema, and greenspaces, the $370-million Halcyon project has delivered a senior housing complex and market-rate apartments. An Embassy Suites hotel is on the way.
On the rental front, one-bedroom apartments at Greystar’s Elan Halcyon with 600 square feet start around $1,500 per month. The largest two-bedrooms available (1,188 square feet) require $2,500 monthly.
In the gallery above, have a look at Halcyon’s recent for-sale housing breakdowns, floorplans, and interior designs.
• Forsyth County (Urbanize Atlanta)