Dobbins Group LLC and Capstone Building Corp. have completed a $43 million apartment development, The Collins, in Louisiana.
Located in New Orleans, The Collins is a 346,539-square-foot, 272-unit apartment community that offers two-story apartment homes with ground-floor private entries, a direct-entry garage and a private patio or balcony. All apartments feature a large kitchen with custom cabinetry and granite countertops, plus the option of one-, two- or three-bedroom units.
“This property features modern top-of-the-line amenities and strikes the perfect balance between luxury and ease,” said David Ball, principal of Dobbins Group LLC.
“The Collins fills a void in the area for those looking for a modern, upscale apartment that’s conveniently located to running trails and the historic downtown Covington area.”
In addition to the units, the gated property features a 24-hour athletic center with a CrossFit gym, cardio studio and free weights; pet grooming spa, car washing station, poolside fire lounge, outdoor gaming area, an outdoor kitchen with dining pavilion and more.
“We are always appreciative of the support and trust from Dobbins Group and are proud to have played a role in another one of their outstanding developments,” said Jay Chapman, owner and CEO of Capstone Building Corp.
Founded in 2010, the Dobbins Group specializes in real estate development, finance, property acquisitions and construction management. Based in Birmingham, the company strategically acquires undervalued investment properties and implements enhancement programs, including in the affordable/workforce housing, mixed-use, suburban and urban markets.
Capstone Building Corp. is a multi-family housing development general contractor founded in Birmingham in 1997. The company has completed more than 111 projects in 22 states valued at more than $1.7 billion. It has a comprehensive range of multifamily clients, from public and private developments to senior living facilities and government housing entities.
In addition to Dobbins Group and Capstone, the architect on The Collins project was Dallas, Texas-based Humphreys & Partners Architects LLC.
