Dean Gardens: FOR SALE!
As we EXCLUSIVELY reported in February, Dean Gardens Subdivision: Construction STOPPED
We now have an update that Lennar wants to SELL Dean Gardens.
JCP breaks down 3 possible scenarios…
1 A Developer buys the land for large custom estates. This would be a bit pricey, compared to other developments in Johns Creek and less feasible. Multiple lots would have to be combined to allure buyers.
2 Another developer buys it on the contingent of rezoning for higher density. This could be a likely option with the current leadership. As the Mayor stated in the rezoning of Dean Gardens, he wanted the project to be “Financially Viable” to Lennar with the rezoning of 70 houses. Would he be concerned about the financial viability for other developers?
3 The city of Johns Creek buys the land. The most favorable option for the residents, the question is for what price? Lennar will want to recoup their expenses and make a profit. The City will have to invest millions in landscaping and hardscaping to restore what was destroyed by Lennar.
As the City passed up Dean Gardens when Mr. Dean and Tyler Perry both sold it, will 3rd time be a charm?