Harbert Realty Services has closed on the premier, 120-unit multifamily development – Artisan Flats – in the Birmingham, AL. Artisan Flats will be a Class-A community located in the Lakeview District, one of Downtown Birmingham’s most vibrant and sought-after neighborhoods. The project will feature top of the market unit finishes and community amenities.
The development will be located at 2722 5th Avenue South, ideally situated within short walking distance to both Lakeview and Pepper Place. The project will begin construction November 2021 with the deconstruction of the existing buildings. A portion of the materials will be repurposed within the new development. The Artisan Flats will feature state of the art amenities including an elevated resort style pool, outdoor grilling stations and firepits, high-tech package room, luxury pet spa, scenic roof terrace, controlled access, 24/7 fitness center with private studio, managed WiFi throughout with 1 GB internet, and covered parking.
The 120 units will feature luxury finishes including stainless steel appliances, quartz countertops, kitchen islands, smart home technology, wood plank vinyl floors, large walk-in closets and private patios/balconies.
From the 1930’s to 1960’s, the site was home to the Huston Biscuit Factory, where is served as the first cracker plant for American Bakeries Co. Since the 1980’s, the site was home to ABSCO Fireplace & Patio. The name “Artisan Flats” was derived from the site’s history as a baking facility.
CBI Construction Services, Fifth Dimension Architecture and Interiors, Caprine Engineering, Renta Urban Land Design, Bhate, and Building and Earth Sciences are also key players in the development. A portion of the equity for the project was provided by investors gathered through the crowdfunding platform –Crowdstreet. Artisan Flats will provide a boutique, tailored experience for renters in one of Birmingham’s most sought after submarkets.