Ribbon cutting held at Cottages at Greystone
Capstone Communities and the Birmingham Business Alliance celebrated the opening of The Cottages at Greystone, a 189-unit, low-density multifamily development on April 10.
“Innovative housing concepts like The Cottages at Greystone play a pivotal role in driving growth and shaping the future of our community,” said Erika Dix of the Birmingham Business Alliance. “The Cottages will catalyze Birmingham’s economic development by expanding our housing options.”
For more than two decades, Capstone built its reputation in the student housing industry, but in 2017, the company expanded its portfolio at the forefront of the rapidly growing build-for-rent movement. With the introduction of its cottage-style development program, Capstone now has 11 communities open or currently under development across the Southeast;. However, The Cottages at Greystone is the first in the company’s hometown.
“Birmingham holds a special place in our hearts as our hometown and the epicenter of a vibrant region and state characterized by innovation, progress and growth," said Jim Beatty, vice president of development for Capstone Communities. "We take pride in introducing our build-for-rent cottage apartment concept to our local community, offering Birmingham residents a premium rental housing option.”
The Cottages offers apartments with one to three bedrooms, and each apartment has its own private fenced yard. There also are one-bedroom lofts and carriage units. Each unit includes 9-to-12-foot ceilings, wood-grain flooring, in-unit washers and dryers, 24/7 on-call maintenance and optional enclosed garage parking.
Neighborhood amenities include a 24-hour clubhouse, fitness center, resort-style pool, pavilions, grill stations, sidewalks and a dog park.
Built by CBI Construction Services, Capstone’s in-house construction arm, and designed by Nequette Architecture & Design, The Cottages at Greystone is a collaborative effort of several Birmingham-based companies.
“Our goal is always to create a distinctive design and collaborative community in everything we do,” said Louis Nequette, founder and chief architect of Nequette Architecture & Design. “After partnering with Capstone for nearly 20 years and designing more than 30 cottage communities across the country, it’s a pleasure to showcase one of our latest designs here in our own backyard.”
Capstone Properties, Capstone’s in-house management division, is the leasing and property management team. For more information on The Cottages at Greystone, visit liveatthecottagesatgreystone.com.