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Birmingham continues to attract small and big businesses alike. Advancements within the Magic City have piqued the interest of Carvana, a national innovative car shopping concept, to settle near 20 Midtown.
According to the BBJ, the city of Birmingham’s Design Review Committee will be considering plans of renovations to give way to Carvana.
Located on 115 Richard Arrington Jr. Blvd. S., the former Davis Transmission building, is about 100 yrs. old and has been vacant for some time.
Recently, a group of investors, from Colliers International Alabama, purchased the building for about $1.5 million. Projections show about $750k to $1 million will be invested into the redevelopment.
Positioned close to Downtown, the Southside location is across from 20 Midtown, and very close to the Rotary Trail. The 14,000 sq foot plot, with 28 parking spots, is within proximity to many popular sites.
Carvana Details & Benefits
The Phoenix-based startup is making it easier for customers to buy used cars, minus the dealership. Carvana is known as the first “fully-automated, coin-operated car vending machine”. Although autonomous to a point, the establishment will create jobs and is expected to sustain much of the existing building.
“This new and unique concept of purchasing a vehicle is a perfect fit with the technological advances we are seeing with many new and existing businesses in Birmingham.
Since its founding just four years ago, Carvana has been recognized for its accomplishments by leading automotive and business publications, to include Forbes list of America’s Most Promising Companies.
We are very pleased that Birmingham has been selected to join the growing network of Carvana locations.”
– Mayor Bell exclaimed in a statement.
Although the economic benefit to Birmingham is not specifically stated, the business will add to the city’s sales tax base.