The Kenzie: Difference between revisions
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'''The Kenzie''', formerly '''River Place on the Cahaba''', is a 213-unit apartment complex at 4501 [[Old Caldwell Mill Road]] near the intersection of [[I-459]] and [[U.S. Highway 280]] and near the banks of the [[Cahaba River]]. | '''The Kenzie Apartment Homes''', formerly '''River Place on the Cahaba''', is a 213-unit apartment complex at 4501 [[Old Caldwell Mill Road]] near the intersection of [[I-459]] and [[U.S. Highway 280]] and near the banks of the [[Cahaba River]]. | ||
The complex was constructed in [[ | The complex was constructed in [[1974]]<!--or 1972-->. | ||
In [[2015]] Trinity Property Consultants acquired the complex for $14.7 million. In [[2019]] the complex was sold to Saxony Capital Management of Dallas, Texas for $21 million. | In [[2015]] Trinity Property Consultants acquired the complex for $14.7 million. In [[2019]] the complex was sold to Saxony Capital Management of Dallas, Texas for $21 million. They hired Willow Bridge of Dallas, Texas as their management company. | ||
Carbon Real Estate Developments of Miami, Florida acquired the complex in [[2024]] for $22.75 million. That private equity group, which specializes in "Class B" multifamily complexes, plans to invest around $3.5 million toward improvements aimed at attracting families. Asset Living of Houston, Texas, was contracted to lease and manage the units. | |||
==References== | ==References== | ||
* Van der Bijl, Hanno (December 17, 2019) "Luxury multifamily property near Colonnade sells for $21M." {{BBJ}} | * Van der Bijl, Hanno (December 17, 2019) "Luxury multifamily property near Colonnade sells for $21M." {{BBJ}} | ||
* Stettheimer, Samuel (May 28, 2024) "Acton Road area apartments sell for $22.75M." {{BBJ}} | |||
==External links== | ==External links== | ||
* [https://www.liveatthekenzie.com/ The Kenzie] website | * [https://www.liveatthekenzie.com/ The Kenzie] website | ||
{{DEFAULTSORT:Kenzie, The}} | |||
[[Category:Apartment complexes]] | [[Category:Apartment complexes]] | ||
[[Category:Old Caldwell Mill Road]] | [[Category:Old Caldwell Mill Road]] | ||
[[Category:Cahaba River]] | [[Category:Cahaba River]] | ||
[[Category: | [[Category:1974 buildings]] | ||
Latest revision as of 17:04, 28 May 2024
The Kenzie Apartment Homes, formerly River Place on the Cahaba, is a 213-unit apartment complex at 4501 Old Caldwell Mill Road near the intersection of I-459 and U.S. Highway 280 and near the banks of the Cahaba River.
The complex was constructed in 1974.
In 2015 Trinity Property Consultants acquired the complex for $14.7 million. In 2019 the complex was sold to Saxony Capital Management of Dallas, Texas for $21 million. They hired Willow Bridge of Dallas, Texas as their management company.
Carbon Real Estate Developments of Miami, Florida acquired the complex in 2024 for $22.75 million. That private equity group, which specializes in "Class B" multifamily complexes, plans to invest around $3.5 million toward improvements aimed at attracting families. Asset Living of Houston, Texas, was contracted to lease and manage the units.
References
- Van der Bijl, Hanno (December 17, 2019) "Luxury multifamily property near Colonnade sells for $21M." Birmingham Business Journal
- Stettheimer, Samuel (May 28, 2024) "Acton Road area apartments sell for $22.75M." Birmingham Business Journal
External links
- The Kenzie website