St. Bourke, an Atlanta-based asset management and property development company, has reached a major project milestone with the initial delivery of finished homesites at Sierra Creek, an established, upscale residential community in Gwinnett County, Georgia. Horizontal development works continue on the balance of homesites in this phase of the community with full delivery expected before the end of the year.
Located within 4 miles of I-85, this expansive community sat dormant for several years during the Great Recession. Purchased by Drapac Capital Partners (DCP) in 2013, Sierra Creek has benefited from proactive asset management services provided by St. Bourke since that time.
In addition to providing ongoing asset management services ranging from HOA management to property maintenance, St. Bourke has been engaged to deliver 106 finished homesites on behalf of the landowner (DCP) to homebuilding partner Pulte Homes. The firm has spent a significant amount of time and effort redesigning the community’s future phases to reduce development costs, increase lot count and create more attractive streetscapes. For example, St. Bourke cleverly re-engineered the phase undergoing horizontal development to increase the number of homesites from 80 to 100 (+20%).
“We’ve made great progress so far and delivered the initial tranche of lots so Pulte can get started on its model home and first couple of specs,” St. Bourke President Ben Simpson said. “Despite challenging weather conditions through most of the winter and early spring, our team remains on track to deliver the next phase of homesites in May and the balance by the end of Q3. Sierra Creek is such a beautiful, unique community, and we are thrilled to be a part of delivering on the community’s original vision and making good on promises made to the legacy homeowners who have been waiting so long for this to happen.”
To-date, St. Bourke has provided a wide range of services to facilitate the delivery of homesites in Sierra Creek’s future phase including feasibility studies, land planning & engineering, permitting, procurement, stakeholder engagement & management, and development management.
Located in Gwinnett County within the Dacula High School district, Sierra Creek features a fantastic resort-style amenity package including a furnished clubhouse with a catering kitchen, multiple pools, a water slide and tennis courts. Additionally, the community is ideally located contiguous to the award-winning Little Mulberry Park and is within a short drive to recreational destinations such as Chateau Elan Winery & Resort, Lake Lanier, and Reunion Golf Club. Several job centers are also nearby, and The Mall of Georgia provides the area with a huge variety of shopping and dining options.
St. Bourke is an asset management and property development company primarily focused on residential communities and commercial assets. Offering a full suite of placemaking services ranging from acquisition through detailed design and development to ongoing management, St. Bourke has helped a variety of both private and institutional clients achieve their project goals. Founded in 2015, St. Bourke creates thriving communities and drives significant value for its clients, partners and community stakeholders. Active in 20 U.S markets with 90 active residential projects, St. Bourke manages more than 12,000 acres and 25,000 lots. As Placemakers, St. Bourke makes places from the ground up. For more information call 678-853-2530 or visit www.StBourke.com.
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