Riverchase Promenade: Difference between revisions
Jump to navigation
Jump to search
No edit summary |
|||
| Line 1: | Line 1: | ||
The '''Riverchase Promenade''' is a 164,003 square-foot shopping center located at 1705-1731 [[Montgomery Highway (Hoover)|Montgomery Highway]] ([[U.S. Highway 31]]), at [[Arnold Road]] between [[I-459]] and [[Alabama Highway 150]], across from the [[Riverchase Galleria]]. It was constructed in [[1989]] and remodeled in [[2005]]. | The '''Riverchase Promenade''' is a 164,003 square-foot shopping center located at 1705-1731 [[Montgomery Highway (Hoover)|Montgomery Highway]] ([[U.S. Highway 31]]), at [[Arnold Road]] between [[I-459]] and [[Alabama Highway 150]], across from the [[Riverchase Galleria]]. It was constructed in [[1989]] and remodeled in [[2005]]. | ||
In [[2009]] the center was put up for sale by its owner, Macquarie DDR Trust of Sydney, Australia. RCG Ventures of Atlanta, Georgia purchased the Riverchase Promenade from DDR Corp. of Beachwood, Ohio in [[2015]] for $20.5 million. | In [[2009]] the center was put up for sale by its owner, Macquarie DDR Trust of Sydney, Australia. RCG Ventures of Atlanta, Georgia purchased the Riverchase Promenade from DDR Corp. of Beachwood, Ohio in [[2015]] for $20.5 million. | ||
In October [[2022]] the shopping center was acquired for $26.85 million by 5Rivers CRE from affiliates of DRA Advisors of New York City. | |||
The Ollie's Bargain Outlet store occupies a separate parcel owned by National Retail Properties of Orlando, Florida. | |||
==Tenants== | ==Tenants== | ||
| Line 38: | Line 42: | ||
* Outparcels (owned separately) | * Outparcels (owned separately) | ||
** 1715: [[Ollie's Bargain Outlet]], former location of [[Toys'R'Us]] / [[Babies'R'Us]] (1989–2018) | ** 1715: [[Ollie's Bargain Outlet]], former location of [[Toys'R'Us]] / [[Babies'R'Us]] (1989–2018) | ||
** 1727: [[Whataburger]] (built | ** 1727: [[Whataburger]] (built 2022), former location of [[Pier 1 Imports]] (–2020, demolished 2021) | ||
** 1731: [[McDonald's]] restaurant (1991–) | ** 1731: [[McDonald's]] restaurant (1991–) | ||
| Line 48: | Line 52: | ||
* Davis, Bryan (July 16, 2015) "Hoover's Riverchase Promenade sold for $20 million." {{BBJ}} | * Davis, Bryan (July 16, 2015) "Hoover's Riverchase Promenade sold for $20 million." {{BBJ}} | ||
* Anderson, Jon (March 16, 2018) "Customers lament Toys R Us closings at Riverchase, The Summit." ''Hoover Sun'' | * Anderson, Jon (March 16, 2018) "Customers lament Toys R Us closings at Riverchase, The Summit." ''Hoover Sun'' | ||
* Parker, Illyshia (October 31, 2022) "Riverchase shopping center property sells for nearly $27M." {{BBJ}} | |||
==External links== | ==External links== | ||
Revision as of 16:26, 31 October 2022
The Riverchase Promenade is a 164,003 square-foot shopping center located at 1705-1731 Montgomery Highway (U.S. Highway 31), at Arnold Road between I-459 and Alabama Highway 150, across from the Riverchase Galleria. It was constructed in 1989 and remodeled in 2005.
In 2009 the center was put up for sale by its owner, Macquarie DDR Trust of Sydney, Australia. RCG Ventures of Atlanta, Georgia purchased the Riverchase Promenade from DDR Corp. of Beachwood, Ohio in 2015 for $20.5 million.
In October 2022 the shopping center was acquired for $26.85 million by 5Rivers CRE from affiliates of DRA Advisors of New York City.
The Ollie's Bargain Outlet store occupies a separate parcel owned by National Retail Properties of Orlando, Florida.
Tenants
- 1705:
- Suite 101: Tuesday Morning (2015–)
- Suite 111: 2nd & Charles (2011–), former location of Goody's (–2008)
- 1707: Sprint (2015–), former location of Casual Male XL (2011)
- 1709: JoAnn Fabrics (2009–), former location of Marshall's (–2009)
- 1711: Payless Shoe Source
- 1713:
- Suite 101: The Vitamin Shoppe (2011–), former location of Coconuts
- Suite 103: Phenix Salon Suites (2015–), former location of Plato's Closet (2011)
- Suite 105: LifeWay Christian Store
- Suite 109: Sophisticated Strands hair salon
- Suite 131: OnMark Physical Therapy (2015–), former location of We Buy Gold (2011), BenchMark Physical Therapy
- Suite 139-141: F45 team training (2018)
- Suite 139: former location of HobbyTown USA, Painted BYU (2011), Do It Yourself Crafts (2015)
- Suite 141: former location of Jackson Hewitt tax service (2011)
- 1717:
- Suite 101: Merle Norman (2015–)
- Suite 103: Charles Cash photography studio (2018)
- Suite 105: Faith N Moore alterations (2015–), former location of Honors Full-Service Salon (2011), Angel Hair family hair salon
- Suite 111: former location of Men's Wearhouse and Tux (2011–2015)
- Suite 113: Games Workshop (2015–)
- Suite 117: Play It Again Sports (2011–)
- 1721: Ulta Beauty Supply (2018), former location of Hancock Fabrics (2011–2015)
- 1723:
- Suite 101: David's Bridal (2011–)
- Suite 111: DXL men's apparel (2015–), former location of West Marine
- 1725
- Suite 101: Plato's Closet (2015–), former location of Rack Room Shoes (2011)
- Suite 110: Creative Nail Spa (2011–)
- Suite 115: former location of Sikes' Children's Shoes (1993–2006)
- Suite 125: Five Below, former location of Kirkland's Home (2006–2011)
- former location of Baskin-Robbins ice cream
- Outparcels (owned separately)
- 1715: Ollie's Bargain Outlet, former location of Toys'R'Us / Babies'R'Us (1989–2018)
- 1727: Whataburger (built 2022), former location of Pier 1 Imports (–2020, demolished 2021)
- 1731: McDonald's restaurant (1991–)
References
- Tomberlin, Michael (April 15, 2009) "Riverchase Promenade for sale." The Birmingham News
- Anderson, Jon (May 6, 2009) "JoAnn Fabrics to open Superstore in Riverchase Promenade." The Birmingham News
- Davis, Bryan (July 16, 2015) "Hoover's Riverchase Promenade sold for $20 million." Birmingham Business Journal
- Anderson, Jon (March 16, 2018) "Customers lament Toys R Us closings at Riverchase, The Summit." Hoover Sun
- Parker, Illyshia (October 31, 2022) "Riverchase shopping center property sells for nearly $27M." Birmingham Business Journal
External links
- Riverchase Promenade at RCGventures.com