Birmingham heavyweights chosen to team as developers for Southtown project
Plans to redevelop the Southtown property on University Boulevard in Birmingham took a big step forward on Tuesday.
The Housing Authority of the Birmingham District approved an award for Southside Development Co. as the developer partner for the massive overhaul of the public housing site. At its board of commissioners meeting, HABD said Southside Development Co. scored the highest of five submissions to the request for proposal.
The address for Southside Development Co. is the same as that of Birmingham's Corporate Realty. Other partners in the group include local firms Bayer Properties, Brasfield & Gorrie, A.G. Gaston Construction, SPM Property Management, BREC Development and Atlanta-based Benoit Group, according to information from Bayer Properties.
“It’s an excellent time to be in Birmingham. It’s an excellent time for redevelopment. This is going to be in the residents' best interest, and it’s going to be in the best interest of the city of Birmingham,” said HABD CEO Michael Lundy, in a previous statement.
Information from HABD shows that two other groups had bids that scored in the competitive range for the project. One of the those was from Pennrose Properties and included Birmingham's BLOC Global and another was from Arlington Properties, a longtime player in the Magic City development scene.
As previously reported, a redevelopment of Southtown would turn the 1940s-era buildings on a 25-acre site into a mixed-income, mixed-use property that could include commercial space and transportation enhancements. HABD previously said it would apply for a federal Choice Neighborhood grant in the fiscal year 2017, which would provide as much as $30 million for redevelopment of the community,
Experts have said that a redeveloped Southtown could have huge implications for the surrounding area, including Five Points South, Lakeview and the rest of Southside.
HABD said a master development agreement would further outline the project at a later date. At its meeting Tuesday, the organization also discussed possible redevelopment plans for its properties at Collegeville Center and North Birmingham. Work is ongoing at its $79 million redevelopment of Loveman Village in North Titusville.
- By AL.com