The Lory of Hoover
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Emerald Pointe Apartments is a 192-unit apartment community adjoining Aldridge Gardens off of Old Rocky Ridge Road, southeast of the I-65 / I-459 interchange.
The complex includes a clubhouse, laundry center, a swimming pool, a picnic area, playground, and an on-site childcare facility operated by Creative Christian Ministries.
In 2018 the Frankforter Group of Montreal, Quebec acquired the complex from Elmington Capital Group of Nashville, Tennessee for $12.5 million. In November 2020 Lexerd Capital Management of Summit, New Jersey purchased the complex for $14 million.
References
- Van der Bijl, Hanno (December 7, 2020) "Hoover apartment community changes hands for $14M." Birmingham Business Journal