![]() There is also 14,000+ square feet of undeveloped space in the commercial portion of the building that could be utilized to generate another $80,000+ in annual revenue. Untapped Revenue Potentialĭespite having the highest rent per square foot in the market, nominal rents at The Tower are still $100 below those at competitive properties. Luxurious interior feature include original hardwood, polished concrete, and mosaic tile flooring exposed brick 10’-20’ tall ceilings premium stainless steel appliances quartz countertops shaker style cabinets and in-unit washer and dryers. The building’s historic architecture provides character that new developments cannot replicate, yet it does not sacrifice any of the modern appointments that renters expect with top-of-the-market product. Check out our delicious menus, specials, & more. The Tower, Downtown Tuscaloosas tallest building, is located at the heart of Downtown Tuscaloosa and offers outstanding walkability to 20,000+ jobs. The tower will feature a red script A and stand at 450 feet. Heading north on AL-69, turn right onto Yellow Creek Road. Irreplaceable Historic Asset with Modern Appointments View the closest First Watch near you, find a location, or see which restaurants will be opening soon. The firetower is located about 20 minutes north of Tuscaloosa. This elegant high-rise was constructed in 1925, and was originally known as the First National Bank building. When looking at Alabama’s six largest markets, Tuscaloosa exhibits the strongest rental demand with occupancy at 96.6%. The Tower is located on the corner of University Boulevard and Greensboro Avenue in the heart of historic downtown Tuscaloosa. Tuscaloosa Outperforms Peer MarketsĬonventional product in Tuscaloosa has consistently outperformed peer markets in the state. Perhaps more compelling, recent leasing trends show that these rent levels have more room to grow, as the recent leases have averaged $1.99 per square foot. The Tower Luxury Apartment Homes is located in the 35401 Zip code of Tuscaloosa, AL. ![]() The Tower has the highest rents of any conventional multifamily property in Tuscaloosa at $1.90 per square foot, and is 96% occupied. Want to install 300 ft tower freestanding with o g-wires. Top Performing Multifamily Property in Tuscaloosa AT&T Towers Sprint Towers All Towers Cell Site Lease Rates Verizon (800 a month) Hazlehurst, MS OctoOffering 800 a month for 10 years and 10 increase after that and contract renews every 5 years after that with 5 increases there after every 5 years. “We are excited to continue our relationship with this exceptional historic property and its new owners, said Rock.The Tower, Downtown Tuscaloosa’s tallest building, is located at the heart of Downtown Tuscaloosa and offers outstanding walkability to 20,000+ jobs, 60+ restaurants and bars, and all that Tuscaloosa has to offer. See who has the best coverage in Tuscaloosa: AT&T, Verizon, Sprint or T-Mobile. WATERTOWER PLACE APARTMENTS, Tuscaloosa AL - Subsidized, Low-Rent Apartment. The Tower is in the portfolio of Arlington Regional VP Donna Rock. Search for cell towers, signal maps and lease rates in Tuscaloosa, AL. The 10′ to 20′ ceilings, original hardwood and mosaic tile flooring, exposed brick, and ductwork give the interiors a character that is second to none in Tuscaloosa. It now offers luxury studios and loft one, two, and three-bedroom apartments featuring upscale finishes and fixtures premium appliances, including washers and dryers. The building has been completely renovated and revitalized. The Tower rises eleven stories above downtown Tuscaloosa and the Black Warrior River, providing spectacular views in all directions. ![]() This area is served by the Tuscaloosa City attendance zone. The elegant building was constructed in 1925 and was originally home to First National Bank. WR Tower Apartments is an apartment community located in Tuscaloosa County and the 35401 ZIP Code. Arlington Properties will continue to manage the asset. Arlington Properties Retains Management of The Tower, Luxury Apartments in TuscaloosaĪrlington Properties today announced The Tower, a luxury apartment high-rise in historic downtown Tuscaloosa, Ala., has sold in a transaction between HLD, Memphis Tenn., and Farris Properties, Birmingham, Ala.
0 Comments
Leave a Reply. |