Two developers are teaming up to build 414 luxury apartments as part of a 750-acre project under way along Cobbs Ford Road that will blend residential, commercial and recreational properties.

Called The Park at HomePlace, the apartment community’s 34 acres will boast lakes, streams and green space with walking and jogging trails.

Alfa Properties, a division of Alfa Insurance, and luxury apartment developer HomeCorp announced their plans Monday. The apartment community is in the master plan for HomePlace, the Cobbs Ford Road project.

“The Park at HomePlace will be the first upscale luxury apartment homes in the preferred River Region area and will set the standard for quality living in central Alabama,” Alfa Properties President Kevin Ketzler said in a statement.

Construction on the first phase — 234 apartments, a clubhouse, a rental office, an Olympic-sized swimming pool and fitness and business centers — is set to begin this summer, said David C. Rickey, an Alfa spokesman.

The one-, two- and three-bedroom apartments and townhomes should be completed by early 2008, he said. Rent for the 950- to 1,650-square-feet units will be $800 to $1,400 a month.

Amenities include a master suite with walk-in closet, a computer area, an entertainment center designed for a large-screen television, a screened-in porch and a garage.

The interior design, Rickey said, reflects modern lifestyle.

“It’s recognizing how technology is changing our living space, not just our work space,” Rickey said.

HomePlace is being built on land that extends to both sides of U.S. 82 between Cobbs Ford and McQueen Smith roads. Besides its single-family homes and apartment community, the development boasts Legends Park, a business park that includes the headquarters of River Bank and Trust.

HomePlace also will have several places to dine and shop in The Exchange, where Outback Steakhouse has been the first to build. The restaurant opened in June 2005.

The development, started in 2004, is adjacent to the Marriott Legends Hotel and Conference Center and the Robert Trent Jones Golf Trail courses.

source : www.montgomeryadvertiser.com write By Crystal Bonvillian