BL Harbert International Awarded Large Highland Avenue Apartment Development
BL Harbert International has been selected as the general contractor for the new Vesta Apartment Development, located on Birmingham’s Highland Avenue. BL Harbert will partner with Cortland Improvements on the construction of the apartment units and work in conjuction with Cortland Partners and Harbert Realty Services to develop the massive complex.
Positioned on Highland Avenue South and 14th Avenue South, the nearly 390,000-square-foot development will consist of 318 luxury units, within a 17-story highrise building and a five-story midrise building. A 502-space parking structure will serve the residents.
Estimated to be complete in the fall of 2018, the highly sought after complex will include a 17th floor recreation area, complete with a roof-top pool, exercise facilty, yoga + Pilates center, outdoor sun terrace and club lounge. The complex has space for future development of a restaurant on the entry level, as well as other luxury amenities.
Smallwood, Reynolds, Stewart and Stewart designed the new facility, which will optimize the best views of the city and feature high-end finishes.
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The Development Team:
About BL Harbert International: BL Harbert International, LLC is a privately owned construction company with U.S. and International operations providing preconstruction, construction, design-build and construction management services. BL Harbert is currently building across the U.S. and in fifteen countries around the world. The company is nationally ranked based on 2015 annual revenues of $958.6 million. BL Harbert International, LLC is also consistently ranked a top green contractor.
About Cortland Partners: With a mission of “Creating Value for a Better Life,” Atlanta-based Cortland Partners, is a full-service multifamily real estate acquisition, development, and operating entity focused on providing superior product offerings and customer service to its residents and producing high-quality NOI performance that generates outsized, risk-adjusted returns for its investors. Cortland Partners owns over 34,000 apartment homes in 17 markets throughout eight states, primarily in the Southeast and Texas. Cortland Partners has been recognized as a National Multifamily Housing Council (NMHC) Top 50 Company (2016) and one of Atlanta’s “2016 Top 50 Midsize Workplaces.” For more information, visit www.cortlandpartners.com.
About Harbert Realty Services: Harbert Realty Services, a Birmingham-based commercial real estate firm, offers clients expertise in a full range of commercial real estate services including brokerage, development, management and accounting. As a majority-owned subsidiary of Harbert Management Corporation, HRS has the strength and flexibility of its parent company’s significant financial stability. With HRS’s mix of experience, resources and global reach, they offer clients a comprehensive array of customized services in the commercial real estate market. HRS has leasing, management and development activities ongoing throughout the Southeastern United States.