North: Single/Multi-Family Residential
Center: Mixed-Use Retail & Dining, Boutique/Creative Office, Hotel & Multi-Family Residential
South: Center for new employment and economic development opportunities
Developer: Corporate Realty
Equity Required: $50-$75 mm
Investment Horizon: 10 years
Vibrant, mixed-use development that combines Residential, Office, Retail, Entertainment, Hotel and Open Space in the heart of the Entertainment District. The District is experiencing great momentum with the construction of Birmingham’s new 45,000 seat stadium and planned renovation of the BJCC Arena ($120mm investment), which is located only a few blocks away from the Northside Park Development.
The Development will create a new mixed-use environment on the site of the vacant Carraway Hospital campus. As you can see in the illustration above, the “village center” is the heart of the development, where various mixed-uses meet with entertainment, open spaces, and public plazas. The Central Area will contain mixed-use buildings with street-level Retail and Dining, and upper-level Multi-Family Residential and Boutique/Creative Office. A new Hotel is also envisioned, along Carraway Boulevard. Additionally, the northern area will offer attached and detached Single-Family Residential as well as Multi-Family Residential. Finally, the South Area will be a center for new employment and economic development opportunities.
Corporate Realty is primarily focused on the acquisition, development, and redevelopment of existing and new urban anchors such as sports facilities, venues, and urban parks, as well as office, retail, hospitality, and raw land in urban areas. Corporate Realty takes underutilized properties and assets, and builds a holistic, strategic vision around the development of the surrounding area.
Corporate Realty has brokered more than 4.5 million square feet of lease transactions, developed more than 2 million square feet, and currently manages more than 2.5 million square feet throughout the Southeast.