Glenbrook at Oxmoor Valley

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Glenbrook at Oxmoor Valley is a proposed $50 million, 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. The community was first planned for the area of Fountain Heights near the Civil Rights District, but land acquisition proved too costly. The construction of 25 single family homes in Fountain Heights, however, is still planned as part of the overall project.

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 (December 19, 2006) "Hope VI community now set for construction in Oxmoor Valley." Birmingham News.
  • 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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