Highland View Apartments: Difference between revisions
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On April 2, 2009, all residents got a letter stating that Miles Properties had sold the property to Julian LeCraw and Company of Atlanta. Residents have been able to renew their leases, however, but the property remained in foreclosure. | On April 2, 2009, all residents got a letter stating that Miles Properties had sold the property to Julian LeCraw and Company of Atlanta. Residents have been able to renew their leases, however, but the property remained in foreclosure. | ||
In November [[2010]], Wells Fargo, successor to Wachovia, sold the three complexes to [[Abbey Residential]]. | In November [[2010]], Wells Fargo, successor to Wachovia, sold the three complexes to [[Abbey Residential]]. Abbey president [[J. Frank Barefield, Jr]] and regional manager [[Jenny Moore]] immediately began evicting tenants who were behind on rent and enforcing rules against loitering. They worked with [[Birmingham Police Department|Birmingham]] and [[Homewood Police Department|Homewood]] police commanders to increase patrols. | ||
== See also == | == See also == | ||
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* Hubbard, Russell (April 5, 2009) "Homewood's Aspen Run apartments snowed under in debt." ''Birmingham News'' | * Hubbard, Russell (April 5, 2009) "Homewood's Aspen Run apartments snowed under in debt." ''Birmingham News'' | ||
* Hubbard, Russell (November 21, 2010) "3 apartment complexes sold in one big real estate deal." ''Birmingham News'' | * Hubbard, Russell (November 21, 2010) "3 apartment complexes sold in one big real estate deal." ''Birmingham News'' | ||
* Robinson, Carol (May 20, 2011) "Jenny Moore taking back Birmingham and Homewood apartments from crime." ''Birmingham News'' | |||
[[Category:Apartment buildings]] | [[Category:Apartment buildings]] | ||
[[Category:1978 buildings]] | [[Category:1978 buildings]] | ||
[[Category:Robert Jemison Road]] | [[Category:Robert Jemison Road]] | ||
Revision as of 22:08, 20 May 2011
Highland View Apartments (originally Ski Lodge II Apartments, later Aspen Trail Apartments ) is a 644-unit apartment complex built in 1978 off of Robert Jemison Road in Birmingham. It was the second of the Ski Lodge apartment communities, the first of which was constructed in 1972 in nearby West Homewood.
Miami, Florida-based Fifteen Asset Management sold the three communities in January 2007 to Miles Properties of Atlanta. The new owners announced a $15 million overhaul focussing on roofing repairs, interior finishes, landscaping and amenities, including a wifi enabled coffee bar, a fitness center, new grilling areas and events programming. After the work was complete, rents were raised by $50 or more, with discounts for full-time students. The complex was then given its current name.
In 2009 Wachovia Bank sued Miles Properties for defaulting on a $57 million loan for renovations to multiple properties. The suit claims that Miles withheld payments, wrongly took possession of rents and insurance proceeds, and left property taxes unpaid, subjecting the properties to possible liens or tax sales. The suit further alleges that it believes that the properties may have deteriorated in value for lack of maintenance.
On April 2, 2009, all residents got a letter stating that Miles Properties had sold the property to Julian LeCraw and Company of Atlanta. Residents have been able to renew their leases, however, but the property remained in foreclosure.
In November 2010, Wells Fargo, successor to Wachovia, sold the three complexes to Abbey Residential. Abbey president J. Frank Barefield, Jr and regional manager Jenny Moore immediately began evicting tenants who were behind on rent and enforcing rules against loitering. They worked with Birmingham and Homewood police commanders to increase patrols.
See also
References
- Kent, Dawn (February 25, 2007) "New face for ex-Ski Lodge." Birmingham News
- Hubbard, Russell (April 5, 2009) "Homewood's Aspen Run apartments snowed under in debt." Birmingham News
- Hubbard, Russell (November 21, 2010) "3 apartment complexes sold in one big real estate deal." Birmingham News
- Robinson, Carol (May 20, 2011) "Jenny Moore taking back Birmingham and Homewood apartments from crime." Birmingham News