1300 19th Street South
Birmingham (Five Points South), AL
Entitled Multi-Family Land + Development
Purchase
Landology purchased at discount a highly desirable, midtown site adjacent to the city's primary entertainment district, following re-entitlement for 36 residential lofts. Located adjacent to the upscale restaurants and shops of Five Points South, this property is positioned for near term development driven by the trend of urban migration.
Value Creation
Landology will provide modern, affordable in town living within close proximity to local entertainment, University of Alabama Birmingham, and the Birmingham CBD. Pre-development is nearing completion for three stories of lofts above a 54-space parking garage. Domus 36 will feature a soft, modern design based on the idea of creating urban Organic Modern living spaces. A central feature will be a 2nd level interior open-air court yard with a barrier free southern end to frame the view of Birmingham's Vulcan monument. Low maintenance and natural exterior finish materials - zinc and Brazilian hardwood - will be used.
Anticipated Development Timeframe
Pre-sales are scheduled for early 2012 with development completion in mid 2013.