ATLANTA, GA (Feb 18, 2015) – Joffe Land Companies recently purchased 122 single-family developed lots in the Bridgewood Coves Subdivision located several miles from I-75 on the south side of Macon near Warner Robbins. The Atlanta-based land investment, development and management company is looking for builder partners to purchase lots to construct new homes. The price point will likely be in the $200-350K range. New homes will be available beginning in 2016.
Howard Joffe, president and CEO of Joffe Land Companies, believes the Macon and Warner Robbins economy is improving and an ideal location for new construction. Less than 10 new homes were built in the community prior to the recession. After six years of dormancy, three new homes were built and sold in 2014, which signaled to Joffe the homebuyer demand has returned.
Joffe Land Companies primarily invests in the Southeastern U.S. with the majority of his portfolio located in the Atlanta metro region. The company has 7,000 acres of approximately 15,000 residential developed or planned lots and hundreds of acres of commercial and industrial zoned raw land.
Joffe’s recent investment in the Macon area signals a healthy economic climate there as well.
“I am excited for the upcoming project and feel Macon’s economy is on the upswing,” said Joffe. “As a land investor, I make decisions with an eye on the future. That’s why I have a positive outlook on Macon and its expected growth.”
Please direct all builder inquiries to [email protected].
About Joffe Land Companies
Founded in 2005, Joffe Land Companies specializes in land investment and development. Joffe purchases developed residential lots and raw land of all zonings throughout the Southeast with a focus on large-scale residential and mixed-use communities. Joffe has purchased and currently manages approximately 15,000 developed and master planned residential lots in Metro Atlanta. The lots span more than 7,000 acres and also include hundreds of acres of commercial, office and industrial-zoned land. According to a 2014 report from Metrostudy, Joffe is involved with five of the top 11 Metro Atlanta subdivisions containing the largest future inventory of lots.