Development

The Village at Lakeshore Crossings

BIRMINGHAM, ALABAMA

Property Overview

Constructed in 2014, The Village at Lakeshore Crossings is a Class A, multifamily apartment project located close to downtown Birmingham, AL. This 264-unit property features one-, two-, and three-bedroom floorplans with a gourmet kitchen with pantry and breakfast bar, granite countertops, modern appliances, wood-style plank floors, washer and dryer, porches, and sunrooms. Residents can enjoy world-class amenities such as a resort-style pool, outdoor fireplace, tennis courts, grilling station, pet park and spa, movie theater, walking trails, extensive fitness center, hammock lounge, and more.

 

Located in Birmingham, The Village at Lakeshore Crossings is surrounded by shopping, dining, and entertainment options.
Location
BIRMINGHAM, ALABAMA
Property Type
Luxury Suburban, Garden Style Apartments
Project Type
Development
Year Built
2014
# of Units
264
Development Period
26 Months

Project Outcome

The Village at Lakeshore Crossings was a wildly successful development project in Birmingham’s Oxmoor Valley submarket. StoneRiver observed a strong growth pattern in the submarket and took advantage of a highly visible site on the largest thoroughfare in the area. The delivered product was the best-in-class in the submarket in terms of quality and location and experienced a swift lease-up period to stabilization. The result was a high-water mark sale at the time in the area, delivering an exceptional return to its investors.