Highland Crescent: Difference between revisions
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'''Highland Crescent''' is the name of both a high-end housing development in the [[Highland Park]] neighborhood and the name of the road the development is on. | '''Highland Crescent''' is the name of both a high-end housing development in the [[Highland Park]] neighborhood and the name of the road the development is on. The site was the original location of [[John Carroll Catholic High School]] from the 1940s to the 1990s. | ||
Highland Crescent is a cul-de-sac off of [[Milner Crescent]]. It runs east-west, parallel to [[Highland Avenue]] between the [[Elton B. Stephens Expressway]] and Milner, but at a higher elevation than Highland Avenue, overlooking [[Caldwell Park]]. | |||
Highland Crescent is a cul-de-sac off of [[Milner Crescent]]. | |||
The Highland Crescent residential subdivision is being developed by Birmingham's [[Jack Fiorella]] through his company [[Equity Resources]]. As planned, the neighborhood consists of 20 home sites. The original houses were designed by [[Dungan Nequette Architects]] in four styles resembling "old world European houses": | |||
Highland Crescent is being developed by Birmingham | * The Milner (3 bedrooms, 2.5 baths, 3,186 sq. ft) | ||
*The Milner (3 bedrooms, 2.5 baths, | * The Arlington (3 bedrooms, 3.5 baths, 3,810 sq. ft) | ||
*The Arlington (3 bedrooms, 3.5 baths, | * The Caldwell (4 bedrooms, 4.5 baths, 4,011 sq. ft) | ||
*The Caldwell (4 bedrooms, 4.5 baths, | * The Rushton (3 bedrooms, 3.5 baths, 3,899 sq. ft) | ||
*The Rushton (3 bedrooms, 3.5 baths, | |||
Prices ranged originally from $980,000 to $1.3 million. After construction began, Equity Resources and Dungan Nequette developed a fifth style to reflect requests made by potential homebuyers. The homes feature many lavish features, including custom-designed home security systems, LCD television mirrors in the master baths, wiring for surround sound, granite countertops, hardwood floors, central vacuum systems, double ovens, built-in refrigerators, under-the-counter wine coolers, and two-car attached garages. | |||
Houses were built and sold, at an average price of $850,000 on seven of the 20 lots before the [[Great Recession]] of [[2008]]. The other 13 lots remained vacant until February [[2013]] when Fiorella and [[Slate Barganier Building Inc.]] resumed construction on new houses. The second generation Highland Crescent models were generally smaller, some without basements, and marketed to empty-nesters and young couples. The first new house, a 3,450 square foot model, was priced at $529,000. | |||
==References== | ==References== | ||
*Wilkinson, Kaija (August 19, 2005) "[http://birmingham.bizjournals.com/birmingham/stories/2005/08/22/story2.html Developers juggle $800M in luxury real estate deals]" | * Wilkinson, Kaija (August 19, 2005) "[http://birmingham.bizjournals.com/birmingham/stories/2005/08/22/story2.html Developers juggle $800M in luxury real estate deals]" {{BBJ}} | ||
*Wilkinson, Kaija (March 17, 2006) "[http://birmingham.bizjournals.com/birmingham/stories/2006/03/20/story1.html Fiorella selling 3 local projects]" | * Wilkinson, Kaija (March 17, 2006) "[http://birmingham.bizjournals.com/birmingham/stories/2006/03/20/story1.html Fiorella selling 3 local projects]" {{BBJ}} | ||
* Poe, Ryan (February 22, 2013) "Housing developer returns to finish Highland Park project." {{BBJ}} | |||
[[Category:Highland Crescent|*]] | [[Category:Highland Crescent|*]] | ||
[[Category:Highland Avenue]] | |||
[[Category:2005 buildings]] | |||
[[Category:Equity Resources developments]] | |||
[[Category:Dungan Nequette buildings]] | |||
Latest revision as of 10:38, 17 March 2016
Highland Crescent is the name of both a high-end housing development in the Highland Park neighborhood and the name of the road the development is on. The site was the original location of John Carroll Catholic High School from the 1940s to the 1990s.
Highland Crescent is a cul-de-sac off of Milner Crescent. It runs east-west, parallel to Highland Avenue between the Elton B. Stephens Expressway and Milner, but at a higher elevation than Highland Avenue, overlooking Caldwell Park.
The Highland Crescent residential subdivision is being developed by Birmingham's Jack Fiorella through his company Equity Resources. As planned, the neighborhood consists of 20 home sites. The original houses were designed by Dungan Nequette Architects in four styles resembling "old world European houses":
- The Milner (3 bedrooms, 2.5 baths, 3,186 sq. ft)
- The Arlington (3 bedrooms, 3.5 baths, 3,810 sq. ft)
- The Caldwell (4 bedrooms, 4.5 baths, 4,011 sq. ft)
- The Rushton (3 bedrooms, 3.5 baths, 3,899 sq. ft)
Prices ranged originally from $980,000 to $1.3 million. After construction began, Equity Resources and Dungan Nequette developed a fifth style to reflect requests made by potential homebuyers. The homes feature many lavish features, including custom-designed home security systems, LCD television mirrors in the master baths, wiring for surround sound, granite countertops, hardwood floors, central vacuum systems, double ovens, built-in refrigerators, under-the-counter wine coolers, and two-car attached garages.
Houses were built and sold, at an average price of $850,000 on seven of the 20 lots before the Great Recession of 2008. The other 13 lots remained vacant until February 2013 when Fiorella and Slate Barganier Building Inc. resumed construction on new houses. The second generation Highland Crescent models were generally smaller, some without basements, and marketed to empty-nesters and young couples. The first new house, a 3,450 square foot model, was priced at $529,000.
References
- Wilkinson, Kaija (August 19, 2005) "Developers juggle $800M in luxury real estate deals" Birmingham Business Journal
- Wilkinson, Kaija (March 17, 2006) "Fiorella selling 3 local projects" Birmingham Business Journal
- Poe, Ryan (February 22, 2013) "Housing developer returns to finish Highland Park project." Birmingham Business Journal