Block 121: Difference between revisions
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The block was considered for the 72-story [[Shepherd Centre]] development, which was proposed in [[1987]] but never materialized. In [[2006]] [[Corporate Realty Development]] proposed a two-phase redevelopment, which would start with a $24 million full-service Hyatt Place hotel and retail shops, originally scheduled for a September [[2008]] opening, and then later add a high-rise mixed use building. | The block was considered for the 72-story [[Shepherd Centre]] development, which was proposed in [[1987]] but never materialized. In [[2006]] [[Corporate Realty Development]] proposed a two-phase redevelopment, which would start with a $24 million full-service Hyatt Place hotel and retail shops, originally scheduled for a September [[2008]] opening, and then later add a high-rise mixed use building. | ||
In August [[2007]], the block was purchased for $4.3 million by [[Cityville Development Partners]], | In August [[2007]], the block was purchased for $4.3 million by [[Cityville Development Partners]], made up of CRD and Chicago's Inland American Communities Group (a real estate investment trust). The partnership plans a $33 million retail and apartment community on the 2.5 acre site. | ||
==References== | ==References== | ||
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* "Block by Block" (June 15, 2006) Urban Living 2006, special advertising section. ''Black & White''. | * "Block by Block" (June 15, 2006) Urban Living 2006, special advertising section. ''Black & White''. | ||
* "Cityville Development buys downtown block." (August 15, 2007) ''Birmingham News''. | * "Cityville Development buys downtown block." (August 15, 2007) ''Birmingham News''. | ||
* Cooper, Lauren B. (August 31, 2007) "City block to get revamped." ''Birmingham Business Journal''. | |||
[[Category:20th Street South]] | [[Category:20th Street South]] | ||
Revision as of 19:38, 2 September 2007
Block 121 is a Birmingham city block bordered by 20th and 21st Streets and by 1st and 2nd Avenues South.
The block is currently occupied mostly by parking lots, but also contains a Birmingham Water Works payment center, a Kinko's/Fed Ex store, Express Oil Change, and a building that most recently housed Reed Books and Scott's Koneys, all on the 20th Street side of the block.
The block was considered for the 72-story Shepherd Centre development, which was proposed in 1987 but never materialized. In 2006 Corporate Realty Development proposed a two-phase redevelopment, which would start with a $24 million full-service Hyatt Place hotel and retail shops, originally scheduled for a September 2008 opening, and then later add a high-rise mixed use building.
In August 2007, the block was purchased for $4.3 million by Cityville Development Partners, made up of CRD and Chicago's Inland American Communities Group (a real estate investment trust). The partnership plans a $33 million retail and apartment community on the 2.5 acre site.
References
- Williams, Roy (May 15, 1994) "Un.real Estate: Pet Projects Grow into White Elephants." Birmingham News.
- "Block by Block" (June 15, 2006) Urban Living 2006, special advertising section. Black & White.
- "Cityville Development buys downtown block." (August 15, 2007) Birmingham News.
- Cooper, Lauren B. (August 31, 2007) "City block to get revamped." Birmingham Business Journal.