2 Birmingham metro apartment projects announced with combined 785 units
Birmingham-based development company Dobbins Group is announcing two large apartment complex projects in the metro area, totaling 785 units.
The 310-unit Colina West Homewood will be located at 80 West Oxmoor Road in Birmingham, while the 475-unit Colina Hillside will be situated at the intersection of Interstate 459 and Alabama 150 near Hoover.
Colina West Homewood, situated on a bluff about 75 feet above West Oxmoor Road, will offer one-, two-, and three-bedroom floor plans, in three-story garden-style buildings and two-story carriage homes.
Dobbins Group is collaborating with Birmingham-based companies on the project: Williams Blackstock Architects will design, while Forestry Environmental is the sitework contractor, with Capstone Building Corp. undertaking the vertical construction.
LBYD will serve as civil engineer. Lorberbaum McNair will handle landscape architecture, Catori Design House will handle interior design, Bullock Environmental will serve as the environmental consultant, and ECS Southeast will provide geological and environmental expertise.
Trustmark, First US Bank and Metro Bank provided debt financing for the transaction. Beau Bevis with ARC Realty represented the seller in the transaction.
Among amenities will be secured and gated entrances, grilling stations, hiking trails, gym, resort-style pool, co-working space, car wash area, grab and go market, green space, dog spa and park, clubhouse with resident lounge, and attached and detached garages.
The 475-unit Colina Hillside, located at 1121 Colina St. in Birmingham, will feature one-, two- and three-bedroom floor plans in 4- and 5-story buildings.
Williams Blackstock Architects will design, with Forestry Environmental handling sitework and Capstone Building Corp. undertaking the vertical construction.
MTTR will serve as the civil engineer, Lorberbaum McNair will manage landscape architecture, Catori Design House will be responsible for interior design and Bullock Environmental will provide environmental consulting services.
On the construction side, Protective Life provided debt financing for the transaction.
Among amenities will be two resort style heated saltwater pools with sunshelf, large private pool cabanas and outdoor kitchen entertainment area, 24-hour indoor/outdoor fitness center, on-demand workout video access, valet trash service, pet spa and parks, a two-story open concept clubhouse with lounge and coffee bar, green space, grilling stations, charging stations, and gated access.
Dobbins Group Principal Bill Dobbins said the current new construction financing market is “more challenging than any time post-global financial crisis.”
“Leveraging an impeccable track record of project execution and consistent investment returns to our partners, we have successfully brought both developments to the market and closed on construction financing,” Dobbins said. “Superior locations, a market-leading product offering and responsible underwriting practices are the main keys to success in this formidable environment.”