Element Hoover Apartments
(Redirected from The Cliffs at Rocky Ridge)
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Element Hoover Apartments (formerly The Cliffs at Rocky Ridge and Nine90 Wisteria Apartments) is a 323-unit apartment complex at 990 Wisteria Place, between Wisteria Drive and Rocky Ridge Road, just east of I-65 in Hoover. The complex was constructed in 1975.
In 2015 CLK Properties of Woodbury, New York sold the complex to a joint venture of Oro Capital Advisors of Los Angeles, California and Elmington Property Management of Nashville, Tennessee for $18.8 million. In 2019 Tricap Residential Group of Chicago, Illinois acquired the complex from them for $24 million. In 2021 they sold it to an investor based in Brooklyn, New York for $35.55 million.
The complex was the scene of fatal shootings in 2009, 2018, and 2019.
References
- Van der Bijl, Hanno (August 2, 2019) "Chicago investor buys Hoover multifamily community for $24M." Birmingham Business Journal
- Mann, Joshua (November 8, 2021) "Multifamily complex along Rocky Ridge Road sells to Brooklyn investor." Birmingham Business Journal