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New $16.5M luxury multifamily apartment complex coming to Avondale
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Birmingham-based developer and real estate firm The Dobbins Group is working to develop a $16.5M luxury, multifamily apartment complex in Avondale. Here is what we know about the development.
The Details
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The two buildings will have a combined total of 96 one-, two- and three-bedroom units. Each unit will have 9-foot ceilings, walk-in closets, granite countertops and appliances like washer and dryers. In addition, the entire apartment complex will have access to fire pits and grills, a bocce ball lawn, pet areas and an elevated sunning deck.
The Dobbins Group, a Birmingham-based developer, is taking the lead on the project. On August 13, they closed on the properties for $1.5M and secured more than $11.7M in financing for the project. Arlington Construction Services is the General Contractor constructing the project.
Access to Avondale
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Located at 4211 and 4241 Third Ave. South, the apartment complex will be within walking distance to all the great offerings in the Avondale Entertainment District, such as:
- Avondale Brewing Company
- SAW’s Soul Kitchen
- Cookie Dough Magic
- 41st Street Pub & Aircraft Sales
- Saturn
- SoZo Trading Co.
- Big Spoon Creamery
- MELT
- Taco Morro Loco
- Fancy’s on Fifth
And much more.
The development marks a major milestone in the continued redevelopment of the Avondale neighborhood. The apartment complex replaces several run-down and abandoned homes just a few blocks from 41st Street.