300 North Water Street, Mobile, Alabama 36602

Meridian at the Port

Meridian at The Port is a 267-unit, 2019 Class-A, five-story Mid-Rise in Mobile, Alabama. In addition to its rare Downtown infill location, Meridian features a market-defining amenity footprint, driving its strong resident demographics. Meridian's amenities include a state-of-the-art fitness center, rooftop lounge with a port view, saltwater swimming pool, modern clubhouse with a resident lounge, coffee bar, entertainment kitchen, and billiard and media room. Amenities include an outdoor gourmet kitchen, controlled access to all amenities, a parking garage, a bike barn, a pet spa, etc. Premium interior finishes include Chef-inspired kitchens with quartz countertops, custom cabinetry, stainless steel appliances, premium wood flooring, and private patios and balconies. In Downtown Mobile, Meridian is less than three miles from the area's three largest employers, Austal USA, USA Medical, and Regions Bank. Meridian is one mile from I-65, the primary interstate that runs from end to end through Alabama, and one mile from I-10, a primary avenue extending from Jacksonville, FL, to the Southern Gulf region. With a 6x income-to-rent multiplier and a $90k+ average household income, the affluent in-place resident demographic profile will continue to drive sustainable rent growth. Major economic developments include relocating the Mobile Regional Airport to the Mobile Downtown Airport, which will be completed by 2024 and located less than four miles from the asset. Airbus, Amazon, and Walmart have invested $765 million into the Mobile area, creating more than 2,200 jobs and further boosting the Mobile economy.

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