How to Find Developer Partners for Mixed Use Rental Community

Question

Hi all, we have a 4ac lot under contract in north metro Atlanta, the property also joins an additional 8+ac lot that is for sale but is across a small creek.  It is in one of the best rated school districts and has high demand.  We did pre-application with the county (for the 4 ac lot) and found out we could likely go mixed use neighborhood (Up to 32 residential units with 7 commercial) think vertical 4 story mixed use. Or build ~16 Town homes.  I've been posting around local groups but we are look for a developer/partner with experience in the development of rental communities from the ground up (or possibly just development to sell). How would you go about finding that person(s)?

Andrew Thomas · Answer

I'm northwest of ATL in Bartow County. We've been growing like crazy. There's several MU dev going through various stages of review now. We need more housing here, so the county commissioner supports the growth. However, a lot of the residents surrounding each development are shouting "NIMBY". :) lol My suggestion would be to look around at other developments going up in the area and see who has their signs posted. Around here, there are usually signs around the property, listing the development name, the developer's company, etc.  "Coming Soon... Toxic Waste Acres, another Springfield Nuclear development".  :DOften, I've noticed some of the contractors will also be listed on the sign, or have their own separate sign. Especially the site work / grading contractors. Also, look for a new subdivision which is still being developed, and talk to the resident sales weasel. Around here, I've seen some where the listing agent is also the developer, or at least on very good terms with them. That agent / broker would probably love the opportunity to work with you once the units are ready for sale.