Arlington Properties to Market & Manage Residential Living for Merchants Plaza, Mobile Alabama
Merchants Plaza Apartments will offer luxury finishes and 360° Views of Mobile Port and City
Arlington Properties today announced that it has been selected to provide residential property management services for Merchants Plaza, a historic redevelopment project in downtown Mobile, Ala., offering stunning views of the city and the Port of Mobile. The development, slated for Q1 2020 occupancy, will have approximately 75 residential units, in addition to retail, restaurant and office space. Developer for the project is Memphis-based, Heritage Land & Development Inc. (HLD).
Built in 1929, Merchants National Bank Building was one of the Gulf Coast’s earliest skyscrapers, encompassing an 18-story tower, an eight-story building, a five-story building and parking garage. The footprint of the downtown icon is approximately one-acre bordered by St. Francis, St. Michael, St. Joseph and Royal streets.
“Merchants Plaza is another exciting historic re-development Arlington has had the pleasure of being part of in our home state,” said Tammy Wyble, president, Arlington Property Management. “It will offer residents studio, 1- and 2-bedroom apartments in the heart of Mobile’s financial district and feature upscale amenities and finishes. The location provides easy access to downtown restaurants and entertainment, adding to the overall walkability and enjoyment factor. We are privileged to work once again with John Glassell and team at HDL.”
Plans call for developing 84,000 square feet of adjacent Class A office space and 26,000 square feet of ground-level opportunities for retail, restaurant and commercial endeavors spread across the five structures. The Tower will have ground floor retail spaces, a leasing office, clubhouse and a fitness center on the second floor, and residential units on floors 2-18, including 3-multi-level penthouses.
About Arlington Properties
Arlington Properties, headquartered in Birmingham, Alabama, is a leader in the acquisition, development, redevelopment and management of multifamily and mixed-use properties. Founded in 1969, the stability and longevity of the company’s associates creates satisfying long-term relationships with owners, residents, and investors. Arlington Properties has market experience in 14 states and effectively manages over 16,000 units.
MEDIA CONTACT: DARLENE ROTCH| 205-531-5181 | DARLENE@PRVIEW.COM