WALLS, Miss., Oct. 18, 2021 – Astoria Development, LLC today announced the start of construction of 49 single-family homes in Phase B of the Mallard Park subdivision in Walls, Mississippi. To mark this milestone, Walls’ Mayor Kiedron Henderson and Astoria Development executives will hold a groundbreaking ceremony at 11:00 this morning at the Mallard Park site on Lakeside Circle West.
“Walls is experiencing tremendous growth, and we’re excited to have companies like Astoria
Development choosing to invest in our community and our people,” said Mayor Henderson. “Walls has great schools, new retail shopping areas, and a number of companies moving into the region. These things make our city a very attractive option for families seeking a better quality of life.”
The new construction represents the first homes in Mallard Park since Phase A was completed in 2019. Phase B homes are slated for completion by the third quarter of 2022. Construction of Phase C, which includes 27 homes, will commence in the second quarter of 2022 and be completed within the following
12 months. All homes in these phases will range in size from 1,950 to 2,200 square feet and feature 4 or 5 bedrooms to accommodate today’s hybrid work and home-office lifestyles. The homes will also feature large outdoor spaces for entertaining and either lake or greenbelt views.
New phases to help the city of Walls meet demand for new housing
Phase A of Mallard Park, consisting of 143 single-family homes, was primarily built in the early to mid2000s. Development and construction in the area was largely halted after the Great Recession began in 2008; the final 45 homes in Phase A were completed in 2019. The recovery of the economy has spurred development in the area to take advantage of Walls’ proximity to employment in Memphis, Horn Lake, and Tunica.
“Walls, like many other small cities in the area, is outgrowing its existing home inventory. We are privileged to have earned the support of the mayor and the community on this project,” said Jeffrey King, Principal and one of the managing executives of Astoria Development. “The community we are helping to build here is consistent with our charter to build high-quality communities in DeSoto County and the Memphis metropolitan area.”
To learn more about homes coming available at Mallard Park, and to join our interest list, please contact Roxanne King of Meridian Premier Homes at 901-300-0741.
About Astoria Development, LLC
Founded in 2020 by local real-estate executives, Astoria Development, LLC is a Memphis-based land development company working in the greater Memphis metropolitan area, including northwestern Mississippi. The Company works in partnership with cities experiencing significant growth to imagine, design, and develop premium residential options and incoming-generating commercial spaces. Its goal is to complement existing growth and development plans and improve quality of life for residents while creating positive economic impact.