Colliers International - Atlanta arranged both the equity and construction financing for the $38 million development of The Retreat at Fairhope Village, a 240-unit luxury apartment community in Fairhope (Baldwin County) Alabama, a suburb of Mobile, Alabama.
 
The construction loan was placed with a pair of banks on behalf of the partnership led by Leaf River Group, LLC.
 
Individual units at The Retreat at Fairhope Village will feature quartz countertops, stainless steel appliances, plank flooring, bay windows, and will have an average unit size of 1,062 square feet.  Site work begins in late March, and the project is expected to be substantially completed by mid-2019.
 
The site is situated adjacent to The Shops at Fairhope Village, a Publix anchored shopping center located on Highway 98 near its intersection with Veterans Drive.  The Colliers equity and debt placement team included Forrest Speed and Ron Cameron.