Glenbrook at Oxmoor Valley

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Glenbrook at Oxmoor Valley is a proposed 300-unit mixed-income residential development on a 26-acre parcel off Sydney Drive and Lakeshore Parkway in the Oxmoor Valley.

The project is being developed by a partnership of Formation Methods LLC and Pennrose Properties of Pennsylvania. Phase I of 100 units is being financed in part by a $7.4 million loan from the Housing Authority of the Birmingham District which is funded in turn by part of a $20 million HOPE VI grant from the United States Department of Housing and Urban Development. Construction on the first phase is expected to begin in June 2008.

References

  • Norris, Toraine (May 20, 2008) "Tuxedo Court project manager assures housing authority $20 million federal grant will be spent before September 2009 deadline." Birmingham News
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