Broadway Park Condominiums

Broadway Park Condominiums is a $25 million mixed-use development under construction at the corner of Broadway Street and Green Springs Highway in Homewood. It is scheduled to open in spring 2007.

Broadway Park was developed by Cyprus Partners. The four-story, 68-condo brick building was designed by Cohen Carnaggio Reynolds and will feature 10,000 to 12,000 square feet for shops and possibly a restaurant on the first floor. The site will also have covered parking. The one-, two- and three-bedroom units will cost roughly $170,000 to the high $300,000s.

Wayne Qualls of Cyprus Partners said he became interested in the property several years before. After tracking down the owner, Qualls was told another buyer already held a contract. A determined Qualls continued to check in every few months with the owner to see if the deal was completed. In August 2004, the owner called Qualls to tell him the deal had fallen through. Cyprus was then able to complete a deal with the owner.

Existing apartment buildings, including two built in 1929, were torn down in order to build Broadway Park. According to Scott Bryant of Cyprus Partners, renovating those buildings was investigated, but they were too dilapidated. The design of the new building's exterior was based in part on these two buildings. Cyprus bought the buildings in December 2004 and tenants were vacated by March 2005. In addition to the site of those buildings on old Broadway, Cyprus bought a 1.3-acre parcel between the old Broadway and the existing Broadway Street for the development from the City of Homewood in 2005.

References

• Wilkinson, Kaija. "More mixed-use for Homewood: SoHo team plans $17M Broadway" [1]. Birmingham Business Journal 8 July 2005. American City Business Journals, Inc. Accessed 22 September 2006.
• Williams, Roy L. "SoHo developer bringing hotel to Homewood." The Birmingham News 13 September 2006.