Reviewed by: Nathan Watson
Birmingham’s Historic Steiner Building sold to local investment group
Reading time: 2 minutes
The Steiner Building, one of Birmingham’s oldest and most iconic buildings, was sold on October 18th for $3,180,000.
The four-story, 23,625 square-foot historic, office building at 15 Richard Arrington Jr. Blvd N in downtown Birmingham was purchased by Steiner Building Partnership. The partnership plans to renovate the entire 2nd floor and a portion of the third floor. The building will be fully leased upon completion of renovations.
Occupancy Plans
The seller, Steiner Building LLC, was managed by Bart Crawford. He plans to keep his operating business, The Title Group, in the building.
Ironvest Partners, a downtown commercial real estate firm that led the investment group that purchased the building, will occupy the 2nd floor. Pivotal Residential, a private real estate investment & development firm also invested in the acquisition partnership, will be leasing a portion of the third floor of the building.
“Ironvest Partners has been fortunate to grow its business over the last few years. We’ve outgrown our office space and needed to find a new home. I had always admired the character and history of the old Steiner Bank Building. After having a beer with Bart Crawford, and consulting with our team, I knew this would be the perfect home for us. We intend to occupy the entire 2nd floor, about 4,680 SF, and renovations will start in December 2022,” said Ironvest Partners Robert Crook.
A little bit of history about the Steiner Building
Designed by architects Charles and Harry Wheelock in 1890, the Steiner building was built in the Richardsonian Romanesque style, which drew inspiration from 11th and 12th century French, Spanish and Italian Romanesque features. The style features prominent arches, towers and exposed raw masonry.
For its first 73 years the building was occupied by Steiner Bank. In the late 1970s a group of three Birmingham firms partnered with Birmingham’s Historical Preservation Society to refurbish and restore the building.
Want to learn more about the Steiner Building and other downtown buildings? Check out Bham Now’s own Nathan Watson’s series of stories.
- Steiner Building
- Woodward Building
- Brown-Marx Building
- John Hand Building
- Empire Building
- Downtown Birmingham’s historic churches
- Prince Hall Masonic Lodge
- Thomas Jefferson Tower
Do you have a favorite Downtown Birmingham building? Let us know which one by tagging us at @bhamnow on social media.
