Meridian at the Port

Meridian at the Port
Mobile, Alabama
267 Units – Built 2019
Closed October 2021

Meridian at the Port is a 267-unit luxury community located in Mobile, Alabama, in the heart of Downtown and steps from the Port. The infill location places residents near significant economic drivers and numerous popular dining and entertainment venues within walking distance. Downtown Mobile is the economic and cultural hub of the central gulf coast. It continues to experience fast growth and revitalization, with Millennials pouring into the area seeking a social-based lifestyle with access to jobs, retail, dining, and entertainment. Austal USA, with more than 4000 employees, USA Medical Center, Regions Bank, and the City of Mobile are four of the largest employers in the immediate area.

Meridian, completed in 2019, consists of one five-story building with a separate leasing building and a fully-appointed clubhouse. Meridian offers residents one- and two-bedroom floor plans ranging from 602 square feet to 1308 square feet. Luxury unit features include plantation blinds, Quartz countertops, ceiling fans, designer cabinetry, balconies and patios, garden tubs, island kitchen, 9’ ceilings, walk-in closets, washer-dryer, and wood grain plank flooring. Community features include a pet park and pet spa, rooftop lounge, billiard and media room, resident lounge and coffee bar, contactless package pickup, saltwater swimming pool, state-of-the-art fitness center, outdoor fireplace and kitchen, WiFi, garage parking, and controlled building access.

Hawthorne Management assumed management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased the property and will hold long-term to capture growth and appreciation.