Promenade Tannehill: Difference between revisions

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'''Colonial Promenade Tannehill''' is a proposed retail center at the intersection of [[Eastern Valley Road]] and [[Pocahontas Road]], at a location visible from [[I-459]], in [[Bessemer]]. The approximately $75 million, 550,000 square-foot shopping center, will be owned by [[Colonial Properties Trust]]. The development will be annexed into [[Bessemer]] after the city provides $13.5 million in infrastructure for the development.
'''Promenade Tannehill''' (formerly '''Colonial Promenade Tannehill''') is a retail center at the intersection of [[Eastern Valley Road]] and [[Pocahontas Road]], at a location visible from [[I-459]], in [[Bessemer]]. The center officially opened [[July 25]], [[2008]]. The approximately $75 million, 347,151 square-foot<!--311,000 SF from 2022 article--> shopping center was developed by [[Colonial Properties Trust]].


The development is proposed to have two main anchors, five junior anchors, a movie theatre, multiple smaller shops and six out-parcels. The market area for the development will include residents within a 30-mile radius, including customers from Tuscaloosa, Bibb and Shelby counties along with all of western [[Jefferson County]].  
The development was annexed into [[Bessemer]] after the city provided $13.5 million in infrastructure for the development. An additional $1 million in incentives was approved by the [[Bessemer City Council]] to ensure that a multiplex cinema would be part of the development after negotiations with one theater chain fell through. The first stores began opening in July [[2008]].


The majority of the property was purchased from [[Garywood Assembly of God]], which had originally planned to relocate there from its current location in [[Hueytown]]. The church now intends to relocate to a parcel near the interchange of [[I-459]] and [[I-59|I-20/59]], approximately 1 mile away from Colonial Promenade Tannehill.
The market area for the development includes residents within a 30-mile radius, including customers from [[Tuscaloosa County|Tuscaloosa]], [[Bibb County|Bibb]] and [[Shelby County|Shelby]] counties along with all of western [[Jefferson County]].
 
The majority of the shopping center's 87-acre site was purchased from [[Garywood Assembly of God]], which had originally planned to relocate there from its current location in [[Hueytown]]. The church now intends to relocate to a parcel near the interchange of [[I-459]] and [[I-59|I-20/59]], approximately 1 mile away from Colonial Promenade Tannehill.
 
Construction of the [[J. C. Penney]] store was delayed after a sinkhole developed on the site.
 
The shopping center was sold to Dallas, Texas-based Cypress Equities in September [[2013]] for $38.5 million. In [[2022]] Cypress Equities sold it to First National Realty Partners of Red Bank, New Jersey for $40.75 million.
 
==Tenants==
* Promenade Parkway:
** Target
** Publix
** J. C. Penney
** Maurice's
** Ross Dress for Less
** [[Bessemer Premiere 14 Promenade]] cinema (opened [[July 18]], 2008 as [[Premiere 14 Tannehill]])
** Habañeros Mexican Grill (opened [[July 14]], 2008)
** [[Michaels]]
** PetSmart
** Charming Charlie
** Anna's Linens
** 4859: [[Taziki's]] (opened December 2022)


==References==
==References==
* Tomberlin, Michael. (September 30, 2006) "McCalla mall details emerge." ''Birmingham News''.
* Tomberlin, Michael (September 30, 2006) "McCalla mall details emerge." {{BN}}
* "Colonial Promenade gains new tenants." (January 26, 2008) {{BN}}
* Gordon, Robert K. (July 17, 2008) "Movie theater to open tonight in Bessemer." {{BN}}
* Gordon, Robert K. (July 25, 2008) "New Bessemer shopping center set to open." {{BN}}
* Tomberlin, Michael (September 18, 2013) "Colonial Promenade Tannehill in Bessemer-McCalla sold for $38.5 million." {{BN}}
* Parker, Illyshia (March 3, 2022) "New Jersey-based investment firm acquires Tannehill Promenade for $40.75M." {{BBJ}}


== External links ==
== External links ==
* [http://colonialprop.com/property-info/?cid=1322 Colonial Promenade Tannehill page] at Colonial Properties Trust web site
* [http://colonialprop.com/property-info/?cid=1322 Colonial Promenade Tannehill page] at Colonial Properties Trust web site


[[Category:Shopping centers]]
[[Category:Promenade Tannehill]]
[[Category:Bessemer]]
[[Category:Colonial Properties developments]]
[[Category:2008 establishments]]
[[Category:2008 buildings]]

Latest revision as of 18:25, 13 December 2022

Promenade Tannehill (formerly Colonial Promenade Tannehill) is a retail center at the intersection of Eastern Valley Road and Pocahontas Road, at a location visible from I-459, in Bessemer. The center officially opened July 25, 2008. The approximately $75 million, 347,151 square-foot shopping center was developed by Colonial Properties Trust.

The development was annexed into Bessemer after the city provided $13.5 million in infrastructure for the development. An additional $1 million in incentives was approved by the Bessemer City Council to ensure that a multiplex cinema would be part of the development after negotiations with one theater chain fell through. The first stores began opening in July 2008.

The market area for the development includes residents within a 30-mile radius, including customers from Tuscaloosa, Bibb and Shelby counties along with all of western Jefferson County.

The majority of the shopping center's 87-acre site was purchased from Garywood Assembly of God, which had originally planned to relocate there from its current location in Hueytown. The church now intends to relocate to a parcel near the interchange of I-459 and I-20/59, approximately 1 mile away from Colonial Promenade Tannehill.

Construction of the J. C. Penney store was delayed after a sinkhole developed on the site.

The shopping center was sold to Dallas, Texas-based Cypress Equities in September 2013 for $38.5 million. In 2022 Cypress Equities sold it to First National Realty Partners of Red Bank, New Jersey for $40.75 million.

Tenants

References

  • Tomberlin, Michael (September 30, 2006) "McCalla mall details emerge." The Birmingham News
  • "Colonial Promenade gains new tenants." (January 26, 2008) The Birmingham News
  • Gordon, Robert K. (July 17, 2008) "Movie theater to open tonight in Bessemer." The Birmingham News
  • Gordon, Robert K. (July 25, 2008) "New Bessemer shopping center set to open." The Birmingham News
  • Tomberlin, Michael (September 18, 2013) "Colonial Promenade Tannehill in Bessemer-McCalla sold for $38.5 million." The Birmingham News
  • Parker, Illyshia (March 3, 2022) "New Jersey-based investment firm acquires Tannehill Promenade for $40.75M." Birmingham Business Journal

External links

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