Owners of Brookwood Village sell 40K square feet for retail/office space

The current owners of Brookwood Village have sold a portion of the former mall to be redeveloped.

Earlier this week, Fairway Investments, in partnership with Pope & Land Real Estate, announced it sold a part of Brookwood Village to Creekside Brookwood LLC.

The property includes a section of the former mall adjacent to Andrews Sports Medicine facility to the food court, according to the Fairway.

The new owners intend to redevelop approximately 40,000 square feet of the newly acquired property into new offices and retail space.

Veritas Medical Real Estate represented the buyer, Creekside Brookwood LLC, in the transaction. Veritas also represented Andrews Sports Medicine in the previous transaction, which advanced the redevelopment of the mall.

“We see this acquisition as an important continuation of the broader vision for the redevelopment of Brookwood Village, propelled by the Andrews Sports Medicine deal that helped launch the effort. It is exciting to help carry that momentum into the next phase of redevelopment and we’re proud to be a part of it.”

Peter Jameson, Veritas

In the joint news release, the group committed to work with the three municipalities involved in the Brookwood Village property.

Why the redevelopment of Brookwood Village matters

Declared by Homewood Mayor Jennifer Andress as a “keystone” property, the former mall has gone through several changes since Macy’s the last big anchor store left in 2022.

Bham Now has covered the transformation process of the popular mall over the years:

• Brookwood Village has faced significant challenges in recent years, including the COVID-19 pandemic. The shopping mall closed as a result, and the last remaining tenant, Five Guys Burgers and Fries, closed in late 2024. 
• In late 2024, Bham Now reported that world-renowned orthopedic clinic Andrews Sports Medicine would develop plans to redevelop a 135,000-square-foot section of the vacant shopping mall as a new Andrews Sports Medicine and Orthopedic Center. 
• In January 2025, the cities of Homewood and Mountain Brook agreed to work together to determine future use for the Brookwood Village property and collaborate on any necessary zoning changes.
• In early 2026, Fairway Investments announced plans to demolish portions of Brookwood Village in March 2026.