Rise Lakeview
29 Seven is the name of a proposed $20 million condominium and retail development at the corner of 7th Avenue South and 29th Street in Lakeview. The site, most of which was purchased at auction on June 6, 2006, is comprised of four lots which formerly held the Chaos nightclub, the 729 Club, Southside Cafe and Norton's Florist.
The proposal originally being developed by Seventh Avenue LLC (a joint venture of Evergreen LLC and C & C LLC) was for a four-story, 90,000 square-foot building with 71 condominiums and as many as 9 retail spaces totaling 20,000 square feet. An 88-space surface parking lot is also planned. The units are planned to be marketed in the upper $100,000 to upper $200,000 range. Retail Specialists, Inc. is marketing the retail portion of the project. A "1950s style marquee sign" is planned as a landmark at corner entrance on 29th Street.
Demolition of the existing structures on the site was completed in February 2007. Construction was set to begin in April 2007 with completion projected by the summer of 2008. Changes in the residential market led the developers to change the project from condominiums to apartments. Current plans call for 56 apartments and 20,000 square feet of restaurant space. In December 2008 the developers applied for a sales tax rebate of up to $85,000 per year for 10 years. Delays have caused the projected start of construction to move to late 2008.
References
- Coman, Victoria L. (February 21, 2007) "Lakeview gets set for condo, retail development." Birmingham News
- Tomberlin, Michael (August 31, 2008) "In Lakeview, setbacks prompt look to future." Birmingham News
External links
- 29seven.com website
- auction flyer for project site