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| Lauren Dow. |
DALLAS, TX, Dec. 10, 2020 – JLL
Capital Markets announced today that it has arranged construction financing
and equity for the Phase II development of 20-Midtown, a mixed-use
property consisting of residential and ground floor retail in Birmingham,
Alabama.
JLL worked on behalf of the borrower, a group of local
developers and investors, to secure a construction loan through Bank OZK and
equity investment from New York Mortgage Trust (NYMT).
The JLL Capital Markets team representing the
borrower was led by Managing Director Jeremy Sain and Director Lauren
Dow.
Phase II of the 20-Midtown development will include 312
apartment units in micro, studio, one-, two- and three-bedroom layouts, with
one-bedroom units available in multiple floorplan options.
Jeremy Sain
Phase I, which was completed in 2017, consists of 111
apartment units and retail space, including Publix, Starbucks and Chipotle.
The property is located in the Parkside District of Downtown Birmingham, a burgeoning urbanset recently experiencing a revitalization.
For more news, videos and research resources on JLL, please visit our newsroom.
CONTACT
Natalie Passarelli
Public Relations
Jones Lang LaSalle Americas, Inc.
200 E. Randolph St.
Chicago, IL 60601
M +1 224 477 7307
http://www.nymtmultifamily.com/
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ReplyDeleteHi there. This fence and the property fenced in is owned by Inwood Terrace Incorporated. The art is lovely and I am glad to have it displayed but the fence is not vacant and Inwood Terrace is responsible for the sidewalk, which is a pain because our workers have to go from 99 Hillside Ave and climb up the hill to clean.
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