Stanley Martin Homes is expanding into the fast-growing Savannah, Georgia, market with a master-planned community.
The 104-acre Brunson Station in Guyton, Georgia, will have 136 townhouses and 204 single-family homes, with prices starting in the $300,000s, according to Stanley Martin. Guyton is about 30 miles northwest of Savannah.
Stanley Martin is compiling a list of prospective buyers and said in a news release that it would announce more project details in the coming months. A company spokesperson did not immediately respond to an email seeking comment.
"Brunson Station delivers the space, convenience, and lifestyle today’s homebuyers are looking for in one of coastal Georgia’s most desirable locations," said Joshua Balamuta, the builder's division president, in a statement.
Reston, Virginia-based Stanley Martin is part of Daiwa House Group, the largest real estate and development company based in Japan. Stanley Martin sold 4,614 homes last year, ranking it as the 21st-largest U.S. homebuilder, according to Builder Magazine.
The median price for all property types in the Savannah metropolitan area was $375,000 in October, up 1.49% from a year earlier, according to Homes.com data.
The region has grown by 9% over the past five years, outpacing the national average, according to Toby Jorgensen, senior director of market analytics for Homes.com.
Despite oppressive summer heat and the annual threat of hurricanes, the Savannah region is attracting new residents who are moving from larger metropolitan areas due to its strong economic drivers and lower cost of living, according to Jorgensen.
"This makes Savannah appealing to families and investors seeking value," he said in a recent interview.