Reviewed by: Callie Morrison
Commercial development at Edgehill at Southtown approved to move forward
Thanks to a ground lease signed on Wednesday, June 26, Southside Development Company is cleared to move forward with construction in the blocks between 24th Street and the Red Mountain Expressway.
Read on to learn more about the overall Edgehill at Southtown development and what’s new.
Commercial development at Edgehill at Southtown has the green light
According to a press release, the first commercial building at Edgehill at Southtown will be a 150,000-square-foot building that will house an incubator for biotech businesses.
Located at the corner of University Boulevard and 24th Street, the building will be the first part of a Birmingham Biomedical Innovation Corridor, made possible by new state legislation authorizing cities to establish research and development corridors to encourage investment in those industries.
“Our vision is to build on current assets in the community, including key medical and research institutions.
The lease is the first step in bringing to life a vibrant, multi-dimensional community that not only offers inclusive housing but also includes places to work, shop, eat, relax and play.”
Robert Simon, CEO of Corporate Realty
Once complete, the site will include:
- 800,000 square feet of commercial space for the biomedical innovation corridor
- Roughly 400,000 square feet will be devoted to research and development facilities
- The other 400,000 square feet will be available for innovation partners and medical office space
- 50,000 square feet of retail and restaurant space
- A 150-to-200-room hotel
- Roughly 250 residential apartment units
Part of the larger Edgehill at Southtown development
The recently announced commercial developments are part of Edgehill at Southtown.
A mixed-use development on the footprint of the former Southtown Court affordable housing community, Edgehill at Southtown is made possible through a partnership between the Housing Authority of the Birmingham District (HABD) and Southside Development Company (SDC).
“We are pleased with the execution of the ground lease for the commercial components of our Edgehill at Southtown Court redevelopment and look forward to the impact that its various spaces – from office and retail to restaurant and hotel – will have on residents.
From the beginning, we have been adamant in working with Southside Development Company to ensure all components of the Southtown Court redevelopment support our mission of creating vibrant, inclusive communities, and we are confident that the commercial plans for Edgehill at Southtown Court will support the improved quality of life of those who will reside in the community’s affordable housing.”
Dontrelle Young Foster, President and CEO, Housing Authority of the Birmingham District
Construction on the mixed-use development began a little over a year ago, and two of its housing complexes are already nearing completion:
- A 60-unit family building set to open in Fall 2024
- A 143-unit senior building set to be completed in March 2025
“Building on the vibrancy of downtown Birmingham, Edgehill at Southtown Court can provide retail, service, and food and beverage space that will enhance this dynamic location.
Bringing this density of office and medical, along with residential and hospitality will create an 18-hour business day and capture the patronage of the immediate trade area as well as creating a destination for the greater region.”
Darryl Bonner, Senior Advisor with Stirling Properties
Follow Bham Now on Facebook, Instagram and LinkedIn and sign up for our FREE newsletter to stay up to date on Edgehill at Southtown + other exciting developments in The Magic City!
