Read Time 1 Minutes
Are you ready for more exciting news in Birmingham real estate? We thought so. Check out these two breaking developments for downtown Birmingham revitalization.
AT&T City Center
VCP City Center purchased the AT&T Building for $31 million this week.
Since AT&T moved their employees to their new headquarters to Data Drive in Hoover earlier this year, the building has been in the conversation for many new city plans, none of which came to fruition until VCP City Center made moves to acquire it.
This 30-story tower houses over 700,000 square feet, and the new owners plan to use it for apartments, office buildings and restaurant space. The building was built in 1971 as the South Central Bell Building. After major renovations, it was renamed the BellSouth City Center in 1998, then became AT&T City Center in 2007. The building, which once housed over 2000 employees, only had 300 by the end of AT&T’s lease.
New Hilton Hotel
Plans to build a Hilton Hotel in downtown Birmingham have been finalized.
Rhaglan Hospitality (the same company that headed the redevelopment of the Redmont Hotel) is turning the old Commerce Center into a Tapestry boutique Hilton Hotel.
“We are very excited to bring another once vacant building back to its original glory with the help and partnership of Hilton,” Rhaglan manager Ryan Hamner said about the project.
The building was built in early 1920’s, and was formerly the Protective Life Center and the Birmingham Chamber of Commerce. It’s been empty for 10 years before this major purchase.
The new hotel boasts 96 rooms, and will feature a restaurant in the lobby and a speakeasy in the lower level of the building. Construction is set to start at the beginning of 2019.