Crestwood Green at 701

The Park at Alloa Apartments (formerly Town Park Apartment Homes) is a 270-unit apartment complex located on Crest Green Road and Crest Valley Way off of Crestwood Boulevard in Birmingham's Oak Ridge Park neighborhood. It was constructed in 1980.

Blue Rock Partners of Tampa, Florida acquired the complex in 2015 for $15 million and rebranded it as "The Park at Alloa" and undertook a renovation project to upgrade finishes and amenities. They sold it to an affiliate of Peak Capital Partners of Provo, Utah in 2019 for $21 million.

In September 2016 a 23-year-old male was shot to death during a robbery at the complex.

References

• Van der Bijl, Hanno (October 17, 2019) "Crestwood multifamily property sells for $21M." Birmingham Business Journal