Walton Global has acquired 327 acres in south Fulton County with plans to develop 600 residential lots.
Named “Cascade,” the site is poised for a multi-phase residential development, the Atlanta Business Chronicle reported. The property, located along Cascade Palmetto Highway, is seven miles from West Fulton Commerce Park and about 25 miles southwest of Downtown Atlanta.
This move follows Arizona-based Walton Global’s recent sale of 200 acres in Athens-Clarke County to homebuilder D.R. Horton, which aims to complete over 800 homes and multifamily units on the site by 2028.
South Fulton County has seen significant industrial and commercial expansion in recent years, particularly along the Fulton Industrial Boulevard corridor. This growth is driving demand for housing to accommodate the increasing workforce. The area’s proximity to the Atlanta airport and its growing industrial base make it an attractive target for residential and commercial developers.
It has been a busy year for Walton Global. Among its many deals, it closed on 140 acres north of Fort Worth, closing out a $122 million fund launched in 2022 that funded 14 tract acquisitions.
Not all land deals in south Fulton are tied to housing demand. Data centers, which require large land tracts but create few permanent jobs, have increasingly popped up in the area. Earlier this year, EdgeConnex purchased land in Union City for $318.5 million to build a data center for Microsoft. With somewhere between $5 billion and $6 billion in data center development planned in the area, including projects in nearby Fairburn and Palmetto, south Fulton is balancing industrial expansion and the need for housing.
Walton Global’s investment in Cascade may be crucial for meeting future residential needs as south Fulton continues to grow as a hub for industry and technology.
—Rachel Stone
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