The Taylor
The Taylor - Opelika, AL
Luxury 1, 2 & 3 Bedroom Units in the Historic Downtown Core
The Taylor is the first large-scale multifamily development in downtown Opelika, addressing the growing need for housing for young professionals and skilled workers, achieved through a partnership with AREY and Marsh Collective, with support from the City of Opelika through infrastructure improvements and incentives.
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Why Opelika?
Despite its growth, Opelika had not seen the development of a multifamily asset near the downtown core that catered to the growing population of young professionals and skilled workers.
By partnering with AREY and our local partner, Marsh Collective, the City of Opelika was able to realize their vision of bringing much needed housing to the downtown area that serves as a proof of concept and a catalyst for future development.
Project Overview
As the first large-scale multifamily development in downtown Opelika, the project required thoughtful planning and coordination to ensure that the end- product was aligned with the long-term interests of the community.
The City provided incentives including upgrading infrastructure, improving sidewalks and widening roads. Through this alignment with the City we were able to bring exciting new housing to downtown Opelika that otherwise would not have been economically viable.
Site/Market Overview
- It took over 15 years to assemble land with local partner, Marsh Collective
- Only 7+ acre tract in Historic Downtown
- 10 mi from Auburn / 1 hr to Hartsfield
- Increasing population: 15% since 2011
- In past two decades, 4000 jobs were added with $1.5B of cap investment in industrial/manufacturing sector
- 37% job growth predicted over next 10 years