City of Hoover announces new mixed-use development in the heart of Riverchase area

The City of Hoover, Regions Bank and Health Resources announced plans today to develop Riverwalk Village, a mixed-use community that will sit in the heart of Hoover in the Riverchase area. 

Located within Riverchase Corporate Park

The development, located within Riverchase Corporate Park on a portion of Regions Bank campus, will focus on health and wellness by including medical offices, walking trails and green spaces, as well as housing and retail areas. 

“The City of Hoover is excited to unveil this project. It will be a significant development for the metro area,” said Hoover Mayor Frank Brocato in a news release. “As the global economy changes, it is smart planning to reimagine what these areas can become. Riverwalk Village’s combination of wellness, business, residential, and clinical care will help propel Hoover into our next chapter.”

Healthcare Focused

The new development will be located on a 90-acre tract near Riverchase Parkway that includes 450,000 square feet of existing corporate offices. It will include the Riverwalk Health & Wellness Center, which will offer a wide range of healthcare services for all stages of life, from pediatrics to geriatrics. Development company Healthcare Resources is under contract to purchase the site.

Hoover City Council President John Lyda added, “Riverwalk Village will be a transformative project for the Riverchase area of Hoover that will offer additional, state of the art access to care and serve as a catalyst for commercial and residential investment through the creation of Hoover’s first health and wellness centered development.”

The Vision

The project was facilitated by the Hoover Health Care Authority, which was established by the City of Hoover. 

The Authority’s vision is to create, develop and promote a forward-facing innovative medical district within the City, in which healthcare providers, health research companies and clinical educators can thrive with knowledgeable and motivated partnerships. 

The Team

Here is the team working on the Riverwalk Village development project:

• City of Hoover
•  Hoover Health Care Authority
• Regions Bank
• Healthcare Resources
• Corporate Realty
• Home Communities Company
• Brasfield & Gorrie
• Goodwyn Mills Cawood
• Earl Swensson Associates.

Expect additional announcements about the Riverwalk Village project in the coming weeks.

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