Vestavia Hills City Center: Difference between revisions

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Meanwhile, [[Alex Baker]], CEO of AIG Baker, leased the 5,000 square-foot spot formerly housing May Furniture as the site of a corporate office for his [[Blackwater Management Group]]. Other former retail slots were similarly marketed for office use.
Meanwhile, [[Alex Baker]], CEO of AIG Baker, leased the 5,000 square-foot spot formerly housing May Furniture as the site of a corporate office for his [[Blackwater Management Group]]. Other former retail slots were similarly marketed for office use.


In [[2017]] Katz Properties of New York, New York purchased the complex from Shopcore Properties of San Diego for $60.25 million.  
In [[2017]] Katz Properties of New York, New York purchased the complex from Shopcore Properties of San Diego for $60.25 million. The new owners planned a revitalization with new pedestrian-oriented tenants.


==Tenants==
==Tenants==
===Former Vestavia Shopping Center===
===Former Vestavia Shopping Center===
* 600: [[Physical Therapy South]], H&R Block
{{Main|Vestavia Hills Shopping Center}}
* 608: Pet Supermarket
* 610: Schoolhouse Educational Supply
* 612: Mariachi Grill, ERA Oxford Realty, Newk's Express Cafe (December [[2011]]–present)
* 614: [[Hair Impressions]]
* 616: T-Mobile/Sprint
* 618: Ritz/Wolf Camera
* 620: [[Karen's Hallmark]]
* 624: [[Cambridge Shop]]
* 628: formerly [[Moonlight Music Café]] (2003-2006)
* 632: Cokesbury Book Store
* 634: Suntime Tanning
* 636: Kid's Gym, former location of [[Maternity Fashion Bazaar]]
* 640: [[Lucy's on Thirty-one]]
* 644: Rugged Wearhouse
* 652: Stein Mart
* 668: Nail Fever
* 670: Beautiful Brides
* 672: Merle Norman
* 674: [[Hairspray Salon]]
* 676: Kidz Closet
* 678: Subway
* 680: [[Moxie Hair Design]], [[Houliang Massage]], Edward D. Jones, CLP Resources, Inc., Boutwell Associates, Accept Plus of Alabama


===Former Vestavia Mall===
===Former Vestavia Mall===
*700 Montgomery Highway
*700 Montgomery Highway
**1st floor
**1st floor
*** Suite 100: [[Andrew's Sport & Fitness]]
*** Suite 100: [[Myrick Gurosky & Associates]] / [[Doulos Partners]], former location of [[Andrew's Sport & Fitness]]
*** Suite 106: [[Collage Designer Consignment]], former location of [[Milestone Books]]
*** Suite 106: [[Collage Designer Consignment]], former location of [[Milestone Books]]
*** Suite 112: [[Panera Bread]]
*** Suite 112: [[Panera Bread]]
*** Suite 120: former location of [[Coldstone Creamery]]
*** Suite 120: [[Pigtails & Crewcuts]], former location of [[Coldstone Creamery]]
*** Suite 124: [[Flower Buds, Inc.]], former Christmas & Co.
*** Suite 124: [[Flower Buds, Inc.]], former Christmas & Co.
*** Suite 138: [[The Fitting Touch]] (-2009)
*** Suite 138: [[The Fitting Touch]] (-2009)
*** Suite 140: [[Zeekee Interactive]], former location of [[Buffaloe's American Grille]], [[Calypso Joe's]], [[Local Restaurant and Bar]]
*** Suite 140: [[High Level Marketing]], former location of [[Buffaloe's American Grille]], [[Calypso Joe's]], [[Local Restaurant and Bar]], [[Zeekee Interactive]]
*** Suite 148: [[ITAC Solutions]], former location of [[May Furniture]]
*** Suite 148: [[ITAC Solutions]], former location of [[May Furniture]]
*** Suite 149: [[Constructores Para Cristo]]
*** Suite 149: [[Constructores Para Cristo]]
*** Suite 156: [[Myrick Gurosky & Associates]], former location of [[Yanni's]] (2003-2004), [[Dale's Southern Grill]]
*** Suite 156: [[Bradford Building Co.]], former location of [[Yanni's]] (2003-2004), [[Dale's Southern Grill]], [[Myrick Gurosky & Associates]]
*** Suite 160: [[Mia Moda]]
*** Suite 160: [[Mia Moda]]
*** Suite 164: former location of [[Painted By U]]
*** Suite 164: [[The Standard]] (2023–), former location of [[Painted By U]]
*** Suite 170: [[European Kitchen]]
*** Suite 170: [[European Kitchen]]
*** Suite 174: [[Rick & Bubba Broadcast Plaza and Teleport]]
*** Suite 174: [[Rick & Bubba Broadcast Plaza and Teleport]]
*** Suite 178: [[Samurai Japan]], former location of [[Sekisui]]
*** Suite 178: [[Samurai Japan]], former location of [[Sekisui]]
*** Suite 186: [[Blackwater Resources]], former location of [[Parkside Home & Garden]] and [[May Furniture]]
*** Suite 188: [[First Watch]], former location of [[Nonna's]]
*** Suite 188: [[First Watch]], former location of [[Nonna's]]
*** Suite 190: [[Zoe's Kitchen]], former location of [[Janie Mac's]]
*** Suite 190: [[The Great Greek]] Mediterranean cafe ([[Anil Patel]] & [[Anand Prajapati]] 2024–), former location of [[Janie Mac's]], [[Zoe's Kitchen]]
*** Suite 193: [[Jim Davenport's Pizza Palace]] (2022–)
*** Suite 194: [[Mark Ricketts]] physician, formerly [['N Vogue Salon & Spa]]
*** Suite 194: [[Mark Ricketts]] physician, formerly [['N Vogue Salon & Spa]]
**2nd floor
**** Suite 194A: [[Taco Mama]]
*** Suite 210: [[Alabama Vascular & Vein Center]]
** 2nd floor
*** Suite 208 (11,300 sf): [[Girl Scouts of North-Central Alabama]] [[DreamLab]] (opened 2024)
*** Suite 210: [[Alabama Vein Center]] / [[Movement Mortgage]]
*** Suite 230: [[Prescription Aesthetic And Wellness Spa]], former location of [[A Medi Day Spa]]
*** Suite 230: [[Prescription Aesthetic And Wellness Spa]], former location of [[A Medi Day Spa]]
*** [[Magic City Railroad Club]]
*** [[Magic City Railroad Club]]
*** [[Blackwater Management Group]], former location of [[Parkside Home & Garden]] and [[May Furniture]]
* 708 Montgomery Highway, former [[Rite-Aid]] pharmacy (2008–2017)
*716 Montgomery Highway
** Suite 101: former location of [[TrustCare]] medical clinic (2021–2023)
** Suite 100: [[Starbucks]]
** Suite 108: [[Chopt]] salads (2021–)
** Suite 108: [[Moe's Southwest Grill]]
** Suite 116: [[Crumbl Cookies]] (2021–)
* 716 Montgomery Highway
** Suite 100: [[Starbucks]] (2002–)
** Suite 108: [[Moe's Southwest Grill]] (2002–2021)
*Canyon Road
*Canyon Road
** 1944: [[DL Salon]], [[MGT Imports]], [[Super Suppers]]
** 1944: [[DL Salon]], [[MGT Imports]], [[Super Suppers]]
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** [[Publix]] supermarket
** [[Publix]] supermarket
* 790 Montgomery Highway
* 790 Montgomery Highway
** Suite 100: Head Start, former location of Style America
** Suite 100: [[Head Start Hair Care]], former location of [[Style America]]
** Suite 102: [[China Ben]]
** Suite 102: [[China Ben]], former location of [[Fuji Hibatchi Express]]
** Suite 104: [[Masaman Thai Kitchen]], former location of [[Future Wireless]]
** Suite 104: [[Masaman Thai Kitchen]], former location of [[Future Wireless]]
** Suite 106: [[Game Stop]]
** Suite 106: [[Game Stop]]
** Suite 108: [[Therapy South]]
** Suite 108: [[Therapy South]], former location of [[Phoenix Salon Suites]]
** Suite 110: [[Charles A. Brock]], physician
** Suite 110: [[Charles A. Brock]], physician
** Suite 112: [[Huntingdon Learning Center]], former location of [[B. A. Framer]]
** Suite 112: [[Huntingdon Learning Center]], former location of [[B. A. Framer]]
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* Cooper, Lauren B. (October 15, 2010) "Excel Trust buys loan on Vestavia City Center for $33.5M." {{BBJ}}
* Cooper, Lauren B. (October 15, 2010) "Excel Trust buys loan on Vestavia City Center for $33.5M." {{BBJ}}
* Godwin, Brent (November 21, 2017) "Huge Vestavia mixed-use property purchased in $60M deal." {{BBJ}}
* Godwin, Brent (November 21, 2017) "Huge Vestavia mixed-use property purchased in $60M deal." {{BBJ}}
* Coker, Angel (December 28, 2017) "New owner to redevelop prominent Vestavia commercial center." {{BBJ}}


==External links==
==External links==
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[[Category:Vestavia Hills City Center|*]]
[[Category:Vestavia Hills City Center|*]]
[[Category:Shopping centers]]
[[Category:2003 buildings]]
[[Category:2003 buildings]]
[[Category:AIG Baker developments]]
[[Category:AIG Baker developments]]

Latest revision as of 12:00, 5 March 2024

The Vestavia Hills City Center is a 450,000 square-foot shopping center on the west side of U. S. Highway 31 at its intersection with Kentucky Avenue in Vestavia Hills. It was created by redeveloping the existing Vestavia Mall and Vestavia Shopping Center and constructing a new strip shopping center to the south and a Vestavia 10 cinema multiplex to the west.

The $45 million project was developed by AIG Baker Shopping Center Properties. It opened in phases, beginning with a redevelopment of the existing shopping center, anchored by Stein Mart. The project won a "Deal of the Year" award in 2002 from Birmingham Business Journal. The remainder of the center opened in 2003 with the central portion anchored by the Rave Motion Pictures cinema and the southern section anchored by Publix Supermarket.

The city of Vestavia Hills contributed $5 million toward infrastructure improvements for the redevelopment. The pedestrian-friendly nature of the central "leisure center" was seen as complementing the city's Regional Walkways Master Plan.

The design of the central part of the development is unusual in that it incorporates part of the original mall structure, including its covered parking areas, which are connected to a landscaped open-air pedestrian mall above by stairs, elevators and escalators. The southern end of the multi-level building has balconies overlooking Canyon Road while the northern row of shops has above-grade parking which is accessed from Kentucky Avenue. The primary entrance drive continues the main axis of the pedestrian mall toward the highway, while the opposite end connects to the cinema multiplex via open-air escalators.

The potential for the center to become a destination for shopping and dining promised increased sales tax revenues for the city. And in fact, tax collections from the center have increased every year from $137,481 in 2001 to $1,919,387 in 2007.1.

The success of the Vestavia Hills City Center has been tempered by high turnover and vacancy rates, especially in the pedestrian-focussed central section. AIG Baker's vision included white-tablecloth restaurants which would help the center attract after-hours users. Arman DeLorenz, a local restauranteur was recruited to the project and owned Nonna Rose and Brazil before both closed in 2006. Though AIG Baker agreed not to collect rent until the restaurants were profitable, DeLorenz charged that the owners had been slow to address maintenance problems and had done a poor job of marketing the shopping center, hastening their demise.

Bankruptcy

BBVA Compass Bank foreclosed on the development in 2010. Negotiations with Propst Properties, holder of the $40 million note, failed to result in a deal. AIG Baker Vestavia LLC, the holding company, subsequently filed for Chapter 11 bankruptcy protection. The center's debts were purchased in October for $33.5 million by the San Diego, California-based Excel Trust, leaving AIG Baker in control of management and leasing.

Meanwhile, Alex Baker, CEO of AIG Baker, leased the 5,000 square-foot spot formerly housing May Furniture as the site of a corporate office for his Blackwater Management Group. Other former retail slots were similarly marketed for office use.

In 2017 Katz Properties of New York, New York purchased the complex from Shopcore Properties of San Diego for $60.25 million. The new owners planned a revitalization with new pedestrian-oriented tenants.

Tenants

Former Vestavia Shopping Center

Former Vestavia Mall

Publix strip

Notes

  1. Singleton - October 15, 2008

References

External links