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Minority developer proposes new $100M mixed-use development along Lakeshore Pkwy. in likeness of Ross Bridge
Green Meadow Apartments, LLC, under the leadership of Michael German, the former director of Housing and Urban Development in Alabama, has officially proposed this new mixed-use development along Lakeshore to Birmingham City Council.
According to the Birmingham Business Journal, the city sounded its full support of the idea, saying it could provide housing, jobs and life to the unused space. Want to get the details? Keep reading for the timeline of this major project.
What this development will bring to the table
1911 Tiger Walk is getting a new title. This new development off of Shannon Road near the completed Ross Bridge development, is far from merely a neighborhood. It has been described as an ecosystem, fully functioning with its own town center, office space, grocery stores and retail entities and so much more.
As far as residential spaces, this new development will accommodate most anyone with 80 single-family homes starting around $300,000, 200 senior housing units, 100 condominiums and multifamily housing units. It’s truly a community that grows with you.
However, developers have had to pump the brakes before the fun can begin. They’re still in the process of securing the land from the city of Birmingham, appraised to be $1.5 million.
“…there’s no real reason for them to have to leave their neighborhood. Everything will be built in.”
-Cornell Wesley, Director of the Department of Innovation and Economic Opportunity, City of Birmingham (Birmingham Business Journal)
So, when will this become reality? 😍
While this development will take nearly 10 years to complete, the first phase is set to be finished in just 18 months. While the developer is fully dedicating funding to the project, they’re looking for partners to help this come to fruition. Know someone? Check out their information here to get in contact.
The name of this development? It’s under wraps. While we don’t know yet, we’ll share all of the details once we have them.
This news comes fresh off the heels of recent news of the Powell Steam Plant development and the near-completion of CityWalk portions—truly no secret that Birmingham is booming with new developments.
“This is an opportunity to tell the country that Birmingham can develop minority developers and support their efforts.”
-Cornell Wesley, Director of the Department of Innovation and Economic Opportunity, City of Birmingham (Birmingham Business Journal)
- Location: 1911 Tiger Walk, Bessemer, AL 35022
That’s all we’ve got today, Birmingham! Have the hottest news on the latest developments? Let us know by shooting us an email.