Federal Reserve building

Federal Reserve Building on March 20, 2006

The Federal Reserve building at 1801 5th Avenue North in downtown Birmingham was built in 1924-1927 to house a branch of the Federal Reserve Bank of Atlanta which was first opened here in 1918. The building was designed by A. J. Krebs of Warren, Knight & Davis and built of Georgia marble and Indiana limestone.

A major expansion of that facility was completed in 1957, bringing the total area to 104,000 square feet.

The Birmingham Branch of the Federal Reserve Bank of Atlanta moved to a new facility in Liberty Park in 2000.

In 2003 the original Federal Reserve building was added to the National Register of Historic Places. It is currently vacant, but has been marketed as class B office space for $18.50/SF by Sloss Real Estate.

Current plans

On March 18, 2006 the Birmingham News announced plans by Savannah, Georgia based Melaver Inc. to purchase and renovate the Federal Reserve Building and an adjacent building and to develop a new 14-story office/hotel tower on an adjacent surface parking lot. According to the article the $40 million project will encompass 80,000 square feet of commercial space in the renovated buildings and 175,000 square feet of new space in the tower, including a 34,000 square foot hotel on the top three floors. A 270-car underground parking deck is also planned. According to Colin Coyne, chief operating officer of Melaver, the project will seek LEED certification from the U.S. Green Building Council, meaning that it will use environmentally responsible materials and energy-saving designs and systems. Brasfield & Gorrie has been selected as general contractor and the developers expect to begin immediately with the renovation.

References

• Tomberlin, Michael. (March 18, 2006) "$40 Million downtown project set". Birmingham News.
• Tate. Jean (March 3, 2004) "Federal Reserve Bank of Atlanta". New Georgia Encyclopedia. [1]