Eastwood Village

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Eastwood Village is a 160,000 square-foot shopping center, anchored by Wal-Mart, which was developed on the 23-acre site of the former Eastwood Mall, located between Crestwood Boulevard/U.S. Highway 78 and Montclair Road at Oporto-Madrid Boulevard. It opened in October 2007.

Wal-Mart purchased the property along with partners MAP Development and relocated their Irondale store to the new development. The $55 million project was granted an $11 million incentive package from the City of Birmingham.

Eastwood Village is oriented to face Montclair Road, with its back to the previously-existing Olive Garden and Arby's locations. Elder Street divides the center into an eastern and western section.

Tenants for the original shopping center included Old Navy, Ross Dress for Less, and Party City. Developers had hoped to also lease space to former Eastwood Mall tenant Books-A-Million. The Birmingham-based bookstore chain, however, declined to return to the area.

The developers planned up to ten outparcels. Early occupants for those included Regions Bank and Chick-Fil-A. Wachovia Bank built a new 4,025-square-foot branch on Montclair Road to replace their larger existing branch. Ruby Tuesday had been mentioned as a likely addition to the shopping center, but never located there.

MAP sold the eastern part of property to a Nashville, Tennessee-based investor in September 2021 for $6.75 million. In December 2023 the remaining 134,256 square-foot property was sold by an affiliate of Morrison Investment Group of New Orleans, Louisiana to an affiliate of Cove Capital Investments of Torrance, California for $17.6 million.

Birmingham's The Retail Companies leases and manages the center.

Tenants

References

  • Tomberlin, Michael (June 29, 2006) "Eastwood Village awakens." The Birmingham News
  • "Retail renaissance expected to accompany Wal-Mart at old Eastwood Mall." (June 29, 2006). Birmingham Business Journal
  • Goodman, Sherri C. (October 24, 2007) "Big retail is back at Eastwood." The Birmingham News
  • Thornton, William (September 9, 2021) "Birmingham’s Eastwood Village East shopping center sells for $6.75 million." The Birmingham News
  • Parker, Illyshia (January 7, 2023) "California-based firm snags Birmingham shopping center in $17M deal." Birmingham Business Journal

External links