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Denver-based firm Residential Ventures bought the former Sherman Industries’ concrete plant in Parkside. As a real estate company known for their multifamily developments, does this signal more apartments coming to the area? Here’s what we know so far.
Parkside—the new hot spot
If you’ve lived in Birmingham for the past few years, you’ve seen Parkside go from desolate land filled with vacant warehouses to a major artery in the Magic City. With Railroad Park, Regions Field and so much more, it’s not surprising to hear that companies are taking notice of this new hot spot.
According to the Birmingham Business Journal, Residential Ventures bought the land at 1028 Second Avenue South also known as the former Sherman Industries’ concrete plant for a little over $1 million. No plans have been announced, but we’re guessing that it’ll be a residential or mixed-use development.
Residential Ventures now owns the whole block near the new Denham Building. They’re not new to the Birmingham area though. Their local projects include the redevelopment of Lindsey Office Furnishings on Morris Avenue and The Dagny multifamily project on 1st Avenue North.
So, what else is new in Parkside?
Well, where do we start? If you’ve driven over to Parkside, especially near Monday Night Brewing, it looks like a completely different place. Here are some of the new developments to know about and keep on your radar.
What are you looking forward to seeing in Parkside? Let us know on social at @BhamNow on Facebook and Instagram, or @Now_Bham on Twitter.