Reviewed by: Madelyn Alexander
City of Birmingam to buy Renasant Place for $11M
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The City of Birmingham is making moves to extend its downtown footprint.
At its regularly scheduled meeting on Tuesday, October 20, the Birmingham City Council approved an agreement allowing the City of Birmingham to purchase the Renasant Place office tower for $11 million.
City of Birmingham to purchase Renasant Place
Located at 2001 Park Place North in downtown Birmingham, Renasant Place—also known as the Park Place Tower—is a 15-story, 284,189-square-foot commercial office building constructed in 1981. Just a short walk from Linn Park, the Jefferson County Courthouse, Birmingham City Hall and the city’s financial district, the tower is home to several law firms and the corporate offices of Mississippi-based Renasant Bank.
Now, the towering office building is set to have a new owner.
During the meeting of the Birmingham City Council on Tuesday, October 20, the council approved via consent an agreement for the City of Birmingham to purchase the 15-story office tower for $11 million. While the City has not stated what the property will be used for, it could be used as turn-key office space for city employees.
What would you like to see the City of Birmingham do with Renasant Place? Tag us @bhamnow to let us know!
