Lennar Corp. has acquired land at the unfinished Caswell Overlook subdivision in Marietta, according to the builder’s Web site. Lennar will likely announce its plans for the site soon, as building is expected to start this summer. Miami-based Lennar announced in January a move to the Atlanta market but didn’t say where it would build. Industry-watchers expected the company to take advantage of the many distressed and half-built communities in Atlanta. The Lennar site says new three-bedroom, 2.5 bathroom homes with a two car garage will be $166,990 to $169,990. Builder Magazine has ranked Lennar among its top five builders since at least 2002. The company rose to No. 3 in the magazine’s 2009 rankings, up from No. 4 in 2008. [Read this article]

Source: The Atlanta Journal-Constitution