One of the First Huntsville Area Rental Developments with Google Fiber
More than 100 people recently attended the festive ribbon cutting for Anthem Luxury Rental Homes, a joint project between The Kalikow Group, a fourth-generation, New York development and management firm based in Westbury, NY, and EYC Companies, with offices in Charleston and Raleigh, SC. Attendees celebrated the official opening of the 5,590 sq. ft. clubhouse and the first move-in ready cottage and apartment units.
The clubhouse is a sprawling Indoor/Outdoor Social Club with Kitchen & Lounges, a 1,000 sq. ft. Commercial Fitness Center, Heated Saltwater Pool, 24/7 Package Locker System, Private Micro Offices, Conference Room, and a Screened Porch. The residential units feature unique single-family cottages with 1, 2 and 3 bedrooms that include private porches, backyards, and two-car garages. Luxury multifamily apartments with 1, 2 and 3 bedrooms include granite countertops, side-by-side refrigerators, and luxury vinyl plank flooring.
“This is a day we have been waiting for and we are so excited to be able to welcome residents home to Anthem,” said Ed Kalikow, President of The Kalikow Group, General Partner for Anthem Apartments, LLC.
“The uniquely energetic vibe of the City of Huntsville inspired us to craft an equally unique rental lifestyle at Anthem and we are thrilled to introduce it to the community today,” said Ellis Coleman, Principal for EYC Companies, General Partner for Anthem Apartments, LLC. “What sets Anthem apart is a sense of place that you don’t find at most rental communities. Our residents will not only enjoy coming home to next level luxury on the inside, but also to the engaging and unique spaces just outside their front door.”
Anthem Luxury Rental Homes offers residents impactful options for environmental control—UV air purifiers and wi-fi thermostats—and conveniences like keyless entry and valet trash. The community also features club level recreation including lighted pickleball courts and two heated saltwater swimming pools, designer kitchen packages including gas ranges, and Google Fiber internet & wi-fi in every unit.
“We are excited to work with Anthem to provide fast and reliable internet services to their residents,” said Orry Moody, Head of Multifamily in Nashville and Huntsville for Google Fiber. “This is just the beginning of our relationship with the owners, property management company and residents.”
Google Fiber was also on hand at the event to raffle off a Google Next Hub Smart Display, a Google Home Mini, a Google Chromecast and Google Ear Buds.
Photo attached. Pictured, Asher Platt; Henry Thornton, City of Huntsville; Gwen Kalikow, The Kalikow Group; Edward Kalikow, The Kalikow Group; Greg Kalikow, The Kalikow Group; Andy Smith, EYC Companies; Ellis Coleman, EYC Companies; Natalie Coleman, EYC Companies; Jay Chapman, Capstone Building Corp.; Craig Ferri, EYC Companies; Jim Caravello, EYC Companies.
About Kalikow Group
The Kalikow Group is a multi-faceted real estate organization focusing on joint venture equity financing, multifamily property management, and development and construction services. Over the past ten years, The Kalikow Group has invested more than $100 million in projects across the country and has total project capitalizations exceeding $1 billion.
About EYC Companies
EYC COMPANIES is a privately-owned, vertically integrated real estate firm specializing in the development of multifamily, commercial and mixed-use properties. Our platform integrates design, development, construction, management and investment disciplines resulting in unparalleled efficiencies in functionality, project costs and investor returns. Our team excels at understanding our customer, the markets we serve, and the assets we develop.
EYC Companies and The Kalikow Group Close $67MM in Construction Financing
Largest Ever Project for Partnership breaking ground this month on 406-unit luxury multifamily community in Huntsville, Alabama
Westbury NY & Charleston, SC (June 22, 2020) – EYC Companies, a 25-year veteran of real estate development and management based in the Carolinas, and development / equity partner The Kalikow Group, a fourth-generation, New York development and management company based in Westbury, NY, have together closed on a $42 million senior secured construction loan to finance the building of a $67 million multifamily development to be located in Huntsville, Alabama. The project is the largest the partnership of Kalikow and EYC have ever undertaken together, in budget, number of units and square footage.
Anthem, the 406-unit luxury rental community, will offer three-story walk-up apartments and one and two-story single-family and duplex homes with private yards and detached garages. The unique 40-acre park-like design features many spaces for community engagement with front porches facing onto community greens, two clubhouses, two saltwater pools, firepit terraces, lawn game areas, a dog park, a playground and an herb garden. Interior amenities include ten-foot ceilings, energy efficient gas appliances, quartz countertops, LED lighting, and luxury vinyl plank flooring.
“We are eager to become a part of the incredible growth the Rocket City is experiencing,” said Ellis Coleman, principal of EYC Companies. “We’ve designed a next-gen lifestyle community that reflects the spirit of a city where both pure innovation and recreation are a way of life.”
Anthem will be located just west of Research Park Boulevard and only minutes to the north of Cummings Research Park and Redstone Arsenal in one of the rapidly growing districts of metro Huntsville. Leasing is expected to begin in Q2 2021 with construction wrapping up in Q1 2022. Birmingham-based Capstone Building Corporation will serve as general contractor.
The twenty-year partnership between EYC Companies and The Kalikow Group has completed twelve multifamily projects to date valued at nearly $500 million and totaling over 2,000 units in four states across the Southeast.
“We are excited to embark on yet another development with EYC, which has been a trusted and long-term partner in our developments throughout the southeast,” said Ed Kalikow, President of Kalikow Group. “Huntsville’s designation as a qualified opportunity zone also presents significant advantages, incentivizing investment by allowing the deferment of capital gains and allowing us to create this exciting new live, work, play community that will be the envy of the region.”
IBERIABANK led the debt syndication with Trustmark Bank joining as a Participant. “We are both proud to support EYC Companies in this new endeavor in the Huntsville market,” says Nancy Dollar, Senior Vice President of IBERIABANK.
Renderings: https://drive.google.com/drive/folders/1B31gfIJR-VDXVndQctlIpJ0WMIz_oWzD?usp=sharing Credit: Kalikow & EYC.
About EYC Companies
EYC Companies is a privately held, vertically integrated real estate firm specializing in the development of residential and mixed-use communities. With over 25 years’ experience, EYC has consistently delivered “best in class” living in select and dynamic markets throughout the Southeast with a keen eye toward meeting and exceeding the evolving demands of an increasingly sophisticated customer. www.eyccompanies.com
About Kalikow Group
The Kalikow Group is a multi-faceted real estate organization focusing on joint venture equity financing, multifamily property management, and development and construction services. Over the past ten years, The Kalikow Group has invested more than $100 million in projects across the country and has total project capitalizations exceeding $1 billion.
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