It’s time to kick off the week with some news you may have missed including Nike potentially coming to The Summit, Birmingham’s 3rd tallest building being turned into luxury apartments and much more.
What’s happening: There’s a new development in the works called The Edge and it’s bringing food, drinks, retail and more to Edgewood.
In total, the development will feature 1.5 acres of entertainment options including:
- Delicious micro-restaurants where customers can pick up to go or take their food outdoors to eat at The Edge’s many outdoor seating areas.
- Office and retail space for local businesses to set up shop.
- Lots of green space so visitors can hang out with friends and family.
- Plus, much more!
Why it matters: If you’re a business owner, The Edge is currently seeking tenants to be part of the development. As you likely know, location can make or break a business. If you want to see your company flourish, The Edge is a great place to make it happen.
2. Former AT&T skyscraper, Birmingham’s 3rd tallest building, to reopen with luxury apartments this summer
What’s happening: The redevelopment of the former AT&T City Center Building, Birmingham’s third tallest skyscraper, is projected to open this summer with luxury apartments. Renamed The 600 (600 19th Street North), the 30-story building was acquired in late 2018 by Varden Capital Properties (VCP) and Tellus Partners.
Why it matters: Built between 1968 and 1971, the former AT&T City Center was a Modern-style office building in the central business district of downtown Birmingham. Over the past year and a half, three major projects have been completed within walking distance to the redevelopment—Protective Stadium, City Walk and a new and improved Legacy Arena and BJCC complex.
Why it matters: If Nike is coming to The Summit, it will be the global brand’s third location in Alabama and likely the first non-factory outlet store.
What’s happening: According to the Hoover Sun, last week the Vestavia Hills City Council approved a tax incentive plan to create a development on the south end of Highway. 31. The future tenants will include Big Bad Breakfast, Waldo’s Chicken & Beer and more.
Why it matters: The development, which is expected to generate nearly $100,000 per year in sales taxes, will improve the area by serving as a catalyst for new developments in nearby areas.
What’s happening: The beloved tea company, Milo’s Tea Co., announced its commitment to sustainability by installing a new solar energy system at its Bessemer, Alabama plant and forming a local partnership with the Cahaba River Society. The energy system will offset 5% of the site’s purchased energy and will save the company more than $48,000 annually on energy costs.
Why it matters: Milo’s is also a Platinum Certified Zero Waste manufacturer. The company presently recycles 96.1% of waste produced at their operation plants and has recycled or reused 33,000 tons of waste since the beginning of its stewardship program.