ROSWELL, Ga. — Atlanta-based FrontDoor Communities has bought a little over 16-acres in downtown Roswell listed for $6.9 million.
Peter and Allision Kloster, of the Kloster Group, along with the Roswell Home Team of Harry Norman’s North Fulton office were the agents involved in the nearly $6 million sale of the historic estate located 109 Goulding Place off Canton Street on May 22.
“As it turns, this is one of the largest sales in the city this year and certainly the largest one for Harry Norman,” Peter Kloster, who along with Allison Kloster sold the property.
Peter Kloster said the sale is great for downtown Roswell because it will bring about 40 new affluent housing units to the area. The Roswell location is within walking distance of restaurants and shops.
“They will support and patronize the downtown Roswell businesses,” Peter Kloster said.
Allison Kloster said the process of taking a historic home through a rezoning process was a major hurdle.
The Goulding Place estate, built in 1857 and listed on the Georgia Register of Historic Places, will remain and be incorporated in FrontDoor Communities’ future design plans. In addition, Goulding Place will be extended to connect with Windy Pines Trail to prevent increasing traffic on Canton Street.
“One of the criteria that will be required by the community is to preserve the historic home,” Peter Kloster said. “The historic home and about an acre-and-a-half have been carved out of the development and will be incorporated as a central structure to the community.”
The Goulding Place will receive some modern amenities such as a garage, but beyond that, the structure will remain a central part of the finished development.
Harry Norman was able to connect the buyer and seller, Bill Miller, together with the Kloster Group.
Real estate agents Peter and Allison Kloster, who represented the seller, worked with the Roswell Home Team agents Laura Hamling, Anne Chamberlin and Tricia Frame, representing the buyer, Front Door Communities to negotiate this sale.
The Goulding Place estate is comprised of the elegant main home that features five bedrooms and five and a half baths, 10 foot ceilings, Pine hardwood floors, gardens and out buildings including a two bedroom guest house.
The new owners of Goulding Place, Front Door Communities, an Atlanta-based real estate management and development company, plan to include upscale single family homes as well as townhomes that are in keeping with the look of Historic Roswell.
The development — Goulding Village — will start immediately and take two years to complete.
FrontDoor Communities is also developing Traditions, a master planned community in south Forsyth County near Fowler Park.
For more information on Harry Norman, REALTORS, visit www.harrynorman.com. For more information on FrontDoor Communities, visit www.frontdoorcommunities.com.