Lakeshore Parkway is an approximately 9-1/2 mile, northeast-southwest road that acts as an extension of Lakeshore Drive in Homewood, connecting it to Alabama State Highway 150 in southeast Bessemer, but the majority of the road is in the Birmingham city limits. It is a four-lane divided highway featuring a wide median for its entire length, although it expands for additional turn lanes at most intersections.
The first portion of Lakeshore Parkway, from Green Springs Highway/Columbiana Road to West Oxmoor Road, including the Interstate 65 interchange, was completed in the early 1990s. A few years later it was extended to Shannon Wenonah Road and finally, on April 19, 2001, to Highway 150. The road is planned to eventually connect to Morgan Road at Interstate 459.
The City of Birmingham is restricting development on its portion of the road through a group of covenants. Instead of direct access to the parkway, developments must provide access from side streets, the number of which will be limited. The convenants also require high-quality building materials and extensive landscaping and restricts signage to four colors. This is all in an effort to prevent the kinds of traffic and development problems that have taken place with on U.S. Highway 280.
 Notable locations
- Green Springs Highway/Columbiana Road intersection (continues east as Lakeshore Drive)
- Interstate 65 interchange
- West Oxmoor Road intersection
- Industrial Drive/Tom Martin Drive intersection
- London Parkway intersection
- Frankfurt Drive/Frankfurt Circle intersection (access to Red Mountain Park)
- Sydney Drive/Oslo Circle intersection (near termination of Wenonah-Oxmoor Road
- Milan Parkway intersection
- Regions Bank Lakeshore Operations Center (address on Milan Parkway)
- Shannon Wenonah Road/Venice Road intersection
- Borah Avenue intersection
- Alabama State Highway 150/14th Street South Bessemer intersection near Muscoda
- "Second Lakeshore Extension Opens to Traffic Thursday." (April 16, 2001). The Birmingham News.
- Nicholson, Gilbert. (September 5, 2003). "Expanding Lakeshore." Birmingham Business Journal.
- Wilkinson, Kaija. (June 3, 2005.) "Developer filling up $2.5M Lakeshore Village." Birmingham Business Journal.
- Wilkinson, Kaija. (January 13, 2006). "Lakeshore expects residential, commercial boom." Birmingham Business Journal.