CBI Construction Services

New Urbanism Project Breaks Ground in Huntsville

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Capstone Communities, in partnership with OG Capital, has broken ground on The Cottages at Old Monrovia, a low-density multifamily development on 25 acres in Huntsville.

Expected to be complete in September 2021, the property will consist of 275 units developed with a new urbanism style to attract primarily young professionals, new Huntsville residents and individuals looking to downsize.

“With plenty of sidewalks, pedestrian features and open green spaces, we want to create a safe and walkable community where residents can look forward to spending time outside enjoying cookouts, hosting community events and connecting with their neighbors,” said John Acken, executive vice president of development for Capstone Communities.

The Cottages at Old Monrovia, located west of downtown Huntsville, will include single-story attached homes, each with its own private, fenced yard, as well as a mix of lofts and two-story townhomes. Inside, the homes will feature smart home technology, granite countertops, nine to 12-foot ceilings and more. The property will also include a fitness center, resort-style pool, centralized clubhouse, dog park, electric car charging stations, car care center, pet spa, on-call maintenance and optional enclosed garage parking.

“Huntsville is exploding right now with a surge of innovation and economic growth,” said Shep Nolen, president of CBI Construction Services, Capstone Communities’ in-house construction entity that will serve as the general contractor on the project. “We’re thrilled to enter such a promising market and support the city’s economic development efforts by creating additional jobs as Huntsville prepares for its next chapter of growth.”

The Cottages at Old Monrovia is a joint development between Capstone Communities and OG Capital, a Birmingham-based commercial real estate firm. According to OG Capital Principal David Oakley, the single-family style rental product has proven successful in other markets with 50 percent faster lease-up periods and 20 percent greater resident retention when compared to garden-style apartments.

“I first noticed this cottage concept out west a few years ago and grew to love it,” said Oakley. “Apartment living doesn’t have to mean stairs and elevators. The cottage style product meets the market by providing residents with features they value most — private backyards, high ceilings and in-home tech packages — to name a few.”

Nequette Architecture & Design, of Birmingham, will serve as the lead architect for the project. Capstone Properties, the in-house management company for Capstone Communities, will begin leasing efforts in Fall 2020. Construction financing was provided by Trustmark National Bank and Renasant Bank.

(Source: Business Alabama)

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Texas

Property NameLocationUnitsYear(s) Delivered
Capstone Cottages of LubbockLubbock, TX214Summer 2017
The Junction Cottages & TownhomesCollege Station, TX186Summer 2016
Capstone Cottages of San MarcosSan Marcos, TX194Summer 2014
The Cottages of College Station, Phase I & IICollege Station, TX369Summer 2012
The Cottages of LubbockLubbock, TX241Summer 2009

South Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at InglesideNorth Charleston, SC260Winter 2024
The Cottages at Myrtle BeachMyrtle Beach, SC294Fall 2023
The Villas at NextonSummerville, SC276Winter 2022
The Retreat of ClemsonClemson, SC552007

Oklahoma

*DENOTES PROPERTIES CURRENTLY UNDER MANAGEMENT
Property NameLocationUnitsYear(s) Delivered
The Cottages of NormanNorman, OK174Summer 2009

New Mexico

Property NameLocationUnitsYear(s) Delivered
The Cottages of The MexicoAlbuquerque, NM162Summer 2014

New Hampshire

Property NameLocationUnitsYear(s) Delivered
The Cottages of DurhamDurham, NH141Summer 2012

North Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at RiverlightsWilmington, NC279Winter 2023
Inspire at Royal ParkMatthews, NC204Summer 2022
The Cottages of BooneBoone, NC202Spring 2014

Montana

Property NameLocationUnitsYear(s) Delivered
The Arrow Townhomes & FlatsBozeman, MT268Summer 2019

Mississippi

Property NameLocationUnitsYear(s) Delivered
The Cottages of HattiesburgHattiesburg, MS103Summer 2008

Missouri

Property NameLocationUnitsYear(s) Delivered
The Cottages of ColumbiaColumbiana, MO145Summer 2008

Lousiana

Property NameLocationUnitsYear(s) Delivered
Arlington Cottages & TownhomesBaton Rouge, LA179Summer 2016
The Cottages of Baton RougeBaton Rouge, LA382Summer 2011

Florida

Property NameLocationUnitsYear(s) Delivered
The Cottages at Cypress CayTampa, FL198Spring 2024
The Cottages at TraditionPort St. Lucie, FL286Winter 2023
Primrose ResidencesSanta Rosa Beach, FL288Winter 2022
The Cottages at Daytona BeachDaytona Beach, FL283Fall 2022
Brisa ResidencesSt. Johns County, FL256Summer 2020
Beacon ResidencesNew Smyrna Beach, FL253Summer 2020
Cottage Grove at GainesvilleGainesville, FL84Summer 2008

Colorado

Property NameLocationUnitsYear(s) Delivered
The Cottages of Fort CollinsFort Collins, CO202Summer 2018

Arizona

Property NameLocationUnitsYear(s) Delivered
The Cottages of TempeTempe, AZ121Summer 2015

Alabama

Property NameLocationUnitsYear(s) Delivered
The Cottages at GreystoneHuntsville, AL189Spring 2024
The Villas at Old MonroviaHuntsville, AL276Spring 2024
Artisan FlatsBirmingham, AL120Spring 2024
The Cottages at Old MonroviaHuntsville, AL272Winter 2021
Creekside of AuburnAuburn, AL360Fall 2007

Georgia

Property NameLocationUnitsYear(s) Delivered
The Cottages at Warner RobinsWarner Robins, GA251Summer 2023
Premiere Lofts at TrilithFayetteville, GA263Summer 2020
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