Kingston on Lake Oconee Breaks Ground Setting new Standard for Future Developments
Dignitaries, developers, media and local chambers of commerce officials gathered this summer to commemorate the official groundbreaking of Kingston on Lake Oconee, a new master planned lake community.
[USPRwire, Wed Sep 24 2008] Dignitaries, developers, media and local chambers of commerce officials gathered this summer to commemorate the official groundbreaking of Kingston on Lake Oconee, a new master planned lake community. Located in both Morgan and Putnam Counties, the community is situated on the west side of the lake just minutes off of I-20 in Buckhead, Ga.
The community’s prime location offers easy access and less than a 90 minute drive to and from downtown Atlanta. Kingston on Lake Oconee will offer lakefront living with fabulous residential amenities, including a Lake Club, marina and an 18-Hole Player Designed golf course by Gary Player Design.
Kingston on Lake Oconee is the newest of several lake-centered developments in a region that has seen exceptional growth during the last 10 years. With a year-round golf climate and unspoiled natural beauty, the Lake Oconee area has established itself as a high-quality secondary and primary home market, as well as a recognized golf destination. Not only is Kingston on Lake Oconee setting a new precedent for lake living, but because it is a sizable community spanning two counties, the community also serves as the model for development agreements between Morgan and Putnam counties.
The process of obtaining a Developmental Regional Impact study took a little over three years. “We felt like we did a good job bringing the jurisdictions together. We worked well with the planning staff and elected officials, and in the end we had unanimous support for the development,” said Don Davis, COO of the project.
When complete, Kingston on Lake Oconee will offer a wide range of amenities including a marina with dry boat storage, fitness/wellness center and centrally located town center that will house the community pool, tennis, lake club and restaurant overlooking beautiful Lake Oconee. A broad range of residential components have also been worked into the master plan, allowing great flexibility for homeowners. Ownership options at Kingston on Lake Oconee will include lakefront, golf course and wooded home sites, and choices of single family residences, townhomes and lakefront villas.
Kingston on Lake Oconee is now taking home site reservations. Home sites are priced from $80,000. Be among the first to call this spectacular lake community home. For more information on Kingston on Lake Oconee, call 877-343-1231 or visit www.KingstonOnLakeOconee.com.
Synergy Lake Oconee, LLC is one of the Southeast’s preeminent real estate developers, with a long history of creating award-winning residential communities. BridgeMill in Canton, Ga. and Towne Lake in Woodstock, Ga., which have shared honors as “Best Selling Community in Atlanta” for 15 of the past 18 years, are among the successful communities brought to market by members of the development team. Other team members have completed projects ranging from large apartment complexes to high-profile office towers. For more information visit www.synergyrs.com.
Grosvenor Investment Management US Inc. (GIM), on behalf of a public pension fund client and in a joint venture with Synergy Lake Oconee, LLC, is providing the funding for the development of Kingston on Lake Oconee. GIM, based in Philadelphia, is part of Grosvenor Fund Management, which manages or has interests in approximately $25.7 billion of real estate. GIM, based in Philadelphia, is Grosvenor’s real estate investment management arm in North America and at year end 2007, had total funds under management of more than $6.17 billion. For more information, visit www.grosvenor.com.