Eastwood Village

Eastwood Village is a new $50 million shopping center under construction on the 50-acre site of Eastwood Mall. It is expected to open in Fall 2007. The anchor of the development is Wal-Mart, which purchased the property along with development partners MAP Development and with a $11 million incentive package from the City of Birmingham.

A 200,000 square foot Wal-Mart Supercenter will occupy 23 acres. Other stores which have signed leases for the adjacent 160,000 square-foot shopping center include Old Navy, Ross Dress for Less and Party City. Developers expect to secure a commitment from an office supply superstore and had hoped to sign former Eastwood Mall tenant Books-A-Million. The Birmingham-based bookstore chain, however, has declined to return to the area. Wachovia is expected to build a new 4,025 square foot financial center to replace their existing branch.

The shopping center will be oriented to face Montclair Road, backing up to the existing Olive Garden and Arby's locations. Up to 10 outlying parcels will be occupied by Wachovia and Regions Bank as well as a 5,000 square foot Ruby Tuesday and other restaurants.

References

• Tomberlin, Michael (June 29, 2006) "Eastwood Village awakens". Birmingham News.
• "Retail renaissance expected to accompany Wal-Mart at old Eastwood Mall". (June 29, 2006) Birmingham Business Journal.