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June 12, 2008

‘New urbanist’ project avoids foreclosure

Part of Hedgewood Properties’ “new urbanist” development in Norcross briefly faced foreclosure this month. Hedgewood’s lender, Colonial Bank, listed more than $2 million in undeveloped land at the Seven Norcross development as in default and subject to foreclosure this month in Gwinnett County’s legal advertisements. Hedgewood CEO Pam Sessions said her company negotiated terms with the lender to

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