Magnolia Park Apartments

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Revision as of 13:42, 10 December 2010 by Dystopos (talk | contribs) (New page: The '''Magnolia Park Apartments''' is a 431-unit apartment complex adjoining Homewood Middle School at 1119 Willow Run Road, just off of Valley Avenue in Homewood. It is ma...)
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The Magnolia Park Apartments is a 431-unit apartment complex adjoining Homewood Middle School at 1119 Willow Run Road, just off of Valley Avenue in Homewood. It is managed by the Engel Realty Company.

Amenities at the complex include lighted tennis courts, a swimming pool, a fitness center, day care facilities, and planned social activities.

The property was completely renovated, inside and out, by the Landmark Properties Trust, the complex's Florida-based owners. Shortly afterward it and Landmark's other Birmingham properties were acquired by the Collins Group of Brooklyn, New York. That company ran into financial turmoil, causing its German lenders to request receivership for the properties.

In October 2007 a resident of the apartments was shot to death during a home invasion that also injured his roommate.

The complex went into foreclosure in 2010. The Homewood Board of Education voted to bid on the property for future expansion.

References

  • Cooper, Lauren B. (November 3, 2008) "N.Y. landlord in legal battle over local apartment portfolio." Birmingham Business Journal
  • Cooper, Lauren B. (December 10, 2010) "Homewood BOE plans to bid on Valley Avenue apartments." Birmingham Business Journal

External links

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