Park 35 on Clairmont: Difference between revisions

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[[File:Park 35 rendering.PNG|right|thumb|375px|Rendering of Park 35 on Clairmont]]
[[File:Park 35 rendering.PNG|right|thumb|375px|Rendering of Park 35 on Clairmont]]
'''Park 35 on Clairmont''' is a 271-unit luxury apartment complex under construction on the 3300-3500 blocks of [[Clairmont Avenue]] in [[Forest Park]], facing the [[Highland Park Golf Course]].
'''Park 35 on Clairmont''' is a 271-unit luxury apartment complex on the 3300-3500 blocks of [[Clairmont Avenue]] in [[Forest Park]], facing the [[Highland Park Golf Course]].


The site of Park 35 on Clairmont was previously divided up into several smaller apartment complexes, including the [[Patio Club Apartments]], [[Forest Park Cove Apartments]], [[Clairhill Apartments]], [[Basset Apartments]] and [[Fairway View Apartments]]. Between them, those complexes had 188 units.
The site of Park 35 on Clairmont was previously divided up into several smaller apartment complexes, including the [[Patio Club Apartments]], [[Forest Park Cove Apartments]], [[Clairhill Apartments]], [[Basset Apartments]] and [[Fairway View Apartments]]. Between them, those complexes had 188 units.
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Those properties were demolished in [[2006]] for a joint venture by [[Formation Methods]], [[Hinton Properties]] and Netherlands-based Euro American Advisors to create a 216-unit luxury condominium development. That project was halted by a national real estate crisis. In [[2008]] Formation Methods announced plans to work with outside investors to construct a single 247-apartment community, tentatively to be called '''Clairmont Apartment Homes'''. However, no work was done. In late [[2012]] Houston, Texas developer Jim Charnquist announced a tentative $35 million venture with Birmingham's [[Bloc Global]] to revive the 247-unit scheme, but that deal also floundered.
Those properties were demolished in [[2006]] for a joint venture by [[Formation Methods]], [[Hinton Properties]] and Netherlands-based Euro American Advisors to create a 216-unit luxury condominium development. That project was halted by a national real estate crisis. In [[2008]] Formation Methods announced plans to work with outside investors to construct a single 247-apartment community, tentatively to be called '''Clairmont Apartment Homes'''. However, no work was done. In late [[2012]] Houston, Texas developer Jim Charnquist announced a tentative $35 million venture with Birmingham's [[Bloc Global]] to revive the 247-unit scheme, but that deal also floundered.


In [[2014]] the Bristol Development Group of Tennessee announced that they had purchased the site for $4.3 million and planned a 246-unit '''Bristol Clairmont''' apartment community there. [[Brasfield & Gorrie]] won the $43 million bid for construction and began site work in the summer of [[2015]]. The first units are set to open in September [[2016]] with the project completed in January [[2017]].
In [[2014]] the Bristol Development Group of Tennessee announced that they had purchased the site from SA Challenger Inc. of San Diego, California for $4.3 million and planned a 246-unit '''Bristol Clairmont''' apartment community there. [[Brasfield & Gorrie]] won the $43 million bid for construction and began site work in the summer of [[2015]]. The first units opened up in September [[2016]] with the project completed in January [[2017]].


Bristol's Park 35 on Clairmont was designed by JDavis Architects of Raleigh, North Carolina. The complex features a secured parking garage, swimming pool, clubhouse and landscaped courtyard.
Bristol's Park 35 on Clairmont was designed by JDavis Architects of Raleigh, North Carolina. The complex features a secured parking garage, swimming pool, clubhouse and landscaped courtyard.
In late [[2019]] the property was sold to the Passco Companies of Irvine, California for $68.2 million.


==References==
==References==
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* Davis, Bryan (July 17, 2014) "How Berkadia sold Bristol Development on its new Clairmont site." {{BBJ}}
* Davis, Bryan (July 17, 2014) "How Berkadia sold Bristol Development on its new Clairmont site." {{BBJ}}
* Godwin, Brent (September 11, 2015) "Brasfield & Gorrie breaks ground for Park 35 on Clairmont." {{BBJ}}
* Godwin, Brent (September 11, 2015) "Brasfield & Gorrie breaks ground for Park 35 on Clairmont." {{BBJ}}
* Van der Bijl, Hanno (November 5, 2019) "Forest Park multifamily property sells for $68M." {{BBJ}}


[[Category:Apartment buildings]]
[[Category:Apartment buildings]]

Revision as of 09:06, 6 November 2019

Rendering of Park 35 on Clairmont

Park 35 on Clairmont is a 271-unit luxury apartment complex on the 3300-3500 blocks of Clairmont Avenue in Forest Park, facing the Highland Park Golf Course.

The site of Park 35 on Clairmont was previously divided up into several smaller apartment complexes, including the Patio Club Apartments, Forest Park Cove Apartments, Clairhill Apartments, Basset Apartments and Fairway View Apartments. Between them, those complexes had 188 units.

Those properties were demolished in 2006 for a joint venture by Formation Methods, Hinton Properties and Netherlands-based Euro American Advisors to create a 216-unit luxury condominium development. That project was halted by a national real estate crisis. In 2008 Formation Methods announced plans to work with outside investors to construct a single 247-apartment community, tentatively to be called Clairmont Apartment Homes. However, no work was done. In late 2012 Houston, Texas developer Jim Charnquist announced a tentative $35 million venture with Birmingham's Bloc Global to revive the 247-unit scheme, but that deal also floundered.

In 2014 the Bristol Development Group of Tennessee announced that they had purchased the site from SA Challenger Inc. of San Diego, California for $4.3 million and planned a 246-unit Bristol Clairmont apartment community there. Brasfield & Gorrie won the $43 million bid for construction and began site work in the summer of 2015. The first units opened up in September 2016 with the project completed in January 2017.

Bristol's Park 35 on Clairmont was designed by JDavis Architects of Raleigh, North Carolina. The complex features a secured parking garage, swimming pool, clubhouse and landscaped courtyard.

In late 2019 the property was sold to the Passco Companies of Irvine, California for $68.2 million.

References

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