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Hi, this is David Monroe with Beck Partners Commercial Real Estate’s Multifamily Division and this is the Multifamily Minute.

I wanted to just take a minute of your time and let you know that a 264 unit class A multifamily development has been scheduled in Downtown Mobile on Water Street that will overlook the river.

Photo courtesy of wbtv.com

Photo courtesy of fox10tv.com

The Leaf River Group out of Jackson, MS will be developing the project in they’re expecting the cost to be somewhere around $46M, which comes out to about $174,000 a unit. The name of the new complex will be the Meridian At The Port Apartments.

If you have any questions about the multifamily development in Downtown Mobile or you’d like to get involved in the discussion below, please leave your comments and I look forward to discussing this with you further.

Have a successful day!

You can read more about the multifamily development in Downtown Mobile at Fox10TV.com.

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