University Flats
University Flats is a four-story, 60-unit, 80,522-square-foot apartment complex under development by Jim O'Brien and Adam Cohen at 1101 10th Avenue South in Glen Iris. The 1- and 2-bedroom units are marketed primarily to UAB graduate students.
The project was announced in November 2006 as the "Gables at Glen Iris" a 52-unit, $15 million condominium building. That project was designed by Rob Walker Architects and building work was started by Jones-Williams Construction. Construction was stopped, however, shortly after foundation work was completed, leaving a "forest" of concrete piles exposed on the site.
In June 2008 Cohen told the Glen Iris Neighborhood Association that work would resume on a pared-down version of the original project. In 2011 the project was again publicized with an $11.5 million price tag.
In July 2013 the concrete piles were demolished and the site cleared for construction of a redesigned $6.6 million University Flats apartment complex. Hoar Construction was the general contractor with completion expected in 2014.
In March 2023 ABR Capital Partners of Baltimore, Maryland sold the property to Highland Real Estate Capital for $10.2 million.
See also
References
- "Construction set to start on Glen Iris condos". (November 2, 2006) The Birmingham News
- Poe, Ryan (July 30, 2013) "Plans revived for $7M apartment complex near UAB." Birmingham Business Journal
- Parker, Illyshia (April 13, 2023) "Highland Real Estate Capital makes $10M apartment acquisition." Birmingham Business Journal