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Hall housing market roaring back from recession
Sales in subdivisions rebounding strongly after slump early in decade
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A pond inside the Georgia Acres subdivision is a good spot for residents to take a walk along the trail or just enjoy the scenery. Georgian Acres’ new developer is sinking $400,000 into amenities alone as it revives the subdivision.
The wooded trail winds down to scenic Little Fox Lake, a bucolic retreat for residents of Georgian Acres subdivision in southeast Hall County. It’s part of the $400,000-plus investment by owner Drapac Capital Partners in a rebooting a neighborhood that, like many upstart developments during the 2007-09 Great Recession, fell off the radar and into the weeds — literally. “Instead of just flipping the lots, like most investors do after holding it, they wanted to add value, make the project as marketable as possible,” said Eric Masaschi, senior vice president of St. Bourke Asset Management, a Drapac subsidiary.