Carroll & Green Group

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The Carroll & Green Group, Inc. was a fast-growing construction and development company with offices in Birmingham, Auburn, Gulf Shores, and Oxford, Mississippi. It was founded in July 2002 by Lee Carroll and David Green, both graduates of the building science program at Auburn University. The company began as a custom homebuilder, but within a few years was involved as principal or partner in several condominium development ventures including Highland Heights, Abbey Road and major projects on Lakeshore Drive, Lake Martin and Auburn. The company founded limited liability corporations for each of its regional offices as well as for its commercial division and its development arm, dubbed Glenwood Development Company, LLC. That name came from Carroll & Green's first project, the redevelopment of a private residence on Glenwood Drive in Homewood.

Between 2005 and 2007 the company posted revenue increased of over 200% per year, reaching the $32 million range and employing about 30 people. It was listed as the fastest growing mid-sized company in the city by the Birmingham Business Journal for two years in a row. To accommodate growth, the firm was planning a move from main offices in the Age-Herald Building on 5th Avenue North to a live-work project on 1st Avenue South.

In September 2007, however, a financial crisis hit the company as the condominium market slowed. Carroll, President and CEO, made the decision to dissolve the firm. The company subsequently entered negotiations with owners, subcontractors and vendors to see the completion of contracted work underway and began working with employees to find other positions in the industry.

Projects

Developments

References

  • Cooper, Lauren B. (October 5, 2007) "Carroll & Green Group closes its doors, blames slow real estate market." Birmingham Business Journal
  • Wilkinson, Kaija (March 24, 2006) "Carroll & Green plans HQ, condos on First Avenue South." Birmingham Business Journal