Alliant Capital Partners, LLC is pleased to announce its latest investment in a Build-To-Rent (BTR) project, located at the intersection of Pecan Street and East Michigan Avenue in Foley, AL. The project is a to-be-built community consisting of 130 horizontal apartment units in Foley, just a few miles from Alabama’s Gulf Coast.
“We are excited to add this project to our growing portfolio of multifamily developments,” notes Mark Pugh, founder of Alliant Capital Partners, LLC. “Baldwin County is experiencing significant population growth, and Foley’s close proximity to both Mobile and Pensacola positions the project to meet the growing housing demand in the area.”
The Foley BTR project will feature a mixture of 1-, 2- and 3-bedroom townhome units and 1-, 2-, and 3-bedroom cottage-style units, with garages, situated on 18.98 acres. These spacious units will feature large floor plans, unique design elements, and Class A finishes. The community is designed to create a traditional neighborhood feel without the constraints that come with homeownership. High-end amenities, on-site management, and resident events will transform residents into neighbors, encouraging a sense of community.
The City of Foley is in Baldwin County, Alabama’s fastest growing county. Baldwin County is located just east of Mobile and west of Pensacola and contains the Daphne-Fairhope-Foley MSA. Since 2000, the MSA has grown 63%, making it the 7th fastest growing county in the country.
The project is positioned to meet the growing housing demand in Daphne-Fairhope-Foley area while offering a distinguished, lower-density, rental product with first-class amenities and programming tailored for residents.
Project Name: Allier Foley
Planned Unit Count: 130 units
Expected Opening: 2024