Terrace Court

Terrace Court, a Five Points South landmark slated for $4M facelift. The 100-year-old apartment tower in the heart of Five Points South is set to get a $4 million transformation.

Red Mountain Development President Robb Crumpton said his company will close this week on the purchase of the Terrace Court apartment building on 20th Street South, home to Dave’s Pub and Sipsey Tavern.

Working on a 12-month timeline, Crumpton said the finished product will include 40 high-end apartment units, a terraced space for a white-tablecloth restaurant and a 44-space parking deck adjoining the building for residents.

“We want this to be a catalyst to revitalize the area and push the whole Five Points South revitalization,” said Crumpton.

The building is currently half-occupied with apartment rental tenants, whose apartments will be renovated as leases expire, and retail tenants will stay put, he said. Four apartment units are already preleased.

Crumpton said the building is an even mix of one- and two-bedroom units and average rent will be $950 a month. Average unit size is 1,030 square feet.

Red Mountain Development believes there’s more to long-term value than short-term profit. Based in Birmingham, Alabama—and focusing on the Southeastern region—we specialize in townhouses, apartments, and condominiums. But more importantly, we specialize in developing property responsibly.

It’s an approach that starts with a commitment to building in communities where we’re welcome. It’s a philosophy built on a steadfast dedication to integrity—in everything from design, construction and materials to the way we conduct our business. It’s a mind-set that means there will be no unwelcome surprises—for our investors, our end users, or our prospective neighbors.

At Red Mountain Development, we’re not just building profitability. We’re building dreams. We believe it’s the future of quality multifamily development. At the very least, it’s the future of ours.