Birmingham-based CRE firm breaks ground on 25-acre multifamily development

A Birmingham-based CRE firm Capstone Communities has broken ground on 25-acre multifamily development in north Alabama.

The Cottages at Old Monrovia, a low-density multifamily development in Huntsville, is expected to be complete by spring 2021.

The development will include 275 units developed with a “new urbanism” style to primarily attract young professionals, new Huntsville residents and empty-nesters looking to downsize.

According to a release, The Cottages at Old Monrovia will predominately feature single-story attached homes, each with a private fenced yard, as well as a mix of lofts and two-story townhomes. Other resident amenities include nine to 12-foot ceilings, granite countertops, wood-grain flooring, in-unit washers and dryers, a smart home technology package, fitness center, resort-style pool, centralized clubhouse, dog park, electric car charging stations, car care center, pet spa, 24/7 on-call maintenance and optional enclosed garage parking.

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