Most brands have halted their development pipelines until they can see a definite end to the crisis. Many of our clients have adapted their operations to the new-normal, but I believe this is the beginning of a sea-change in store design. Simply being able to alter your menu and staffing to better accommodate take-out orders […]
Site Selection: Google Earth Isn’t Telling You The Whole Story
There is a major retail corridor in Alabama dotted with every major restaurant brand and retailer in the region. There are 90,000 vehicles per day, an interstate interchange, 6 million square feet of office space, a major lifestyle center, a major hospital and the residential growth just keeps going. As I write this article, there […]
Nexus Fitness Owner Opening Boutique Fitness Concept at New Ideal Lofts
New Ideal Lofts has announced that the 3,500-square-foot ground floor commercial portion of the project has been leased to X⁴ – a new gym concept by Chris Wade, owner of the wildly successful Nexus Fitness in Homewood, AL. New Ideal Lofts is a redevelopment led by Southpace’s Kathy Okrongley and Michael Randman under New Ideal […]
Former Trinity Hospital Campus Purchase from a Broker’s Perspective
Written by Bryan Holt The former Trinity Hospital sits on a beautiful wooded campus just 7 minutes from downtown Birmingham and on the edge of the wealthiest community in Alabama. It is 77 acres with more than 900,000 square feet of buildings perched high upon a ridge with great views of Mountain Brook. This site […]
How You Can Support Local Businesses During The COVID-19 Pandemic
Now more than ever, our community small business owners need our support during these challenging times of the COVID-19 Pandemic. A lot of wonderful initiatives have been created in an effort to do just that, so we decided to round them up! Together we will come out of this stronger. Ways You Can Support Local […]
COVID-19 Small Business Funding Programs & Resources
We have compiled a list of COVID-19 emergency funding programs and resources currently available on a local and national level for small businesses struggling with economics. This list will be updated accordingly as we become aware of other relief programs. According to the Small Business Administration (SBA), small businesses: Represent 99.7% of all employer firms […]
Historic Zinszer Building in Downtown Birmingham Sells
The historic Zinszer Building at 2117 2nd Avenue North in downtown Birmingham, AL has sold. John Lauriello and Blake Crowe of Southpace represented the seller and Jamie Justice with Colliers International represented the purchaser. The approximately 28,000 SF, Victorian cast-iron façade building was built in 1889 by Peter Zinszer to house his “Peter Zinszer’s Mammoth […]
Micro-Unit Multifamily- The Next Big CRE Investment Opportunity?
The U.S. is in the midst of a widespread, affordable housing crisis that, in many ways, is reshaping and redefining the American dream. Recent reports reveal that almost two-thirds of all nationwide renters believe that they simply can’t afford homeownership; it’s a trend that’s likely to only gain momentum as home prices continue to soar, […]
Valley Bank Branch Building Involved in Sale/Lease Back Transaction
The Valley Bank building at 1100 Corporate Parkway off of Highway 280 in Birmingham, AL sold recently in a sale/lease back transaction. Southpace’s Blake Crowe represented the buyer, Sumerford Holding’s in their purchase of this property. Valley Bank will continue to operate their retail branch in the building. J&M Tank Lines will occupy the rest […]
Publix @ Tattersall Park Opening Soon; Inline Tenants Announced
Construction on the new Tattersall Park mixed-use development at the intersection of Highway 280 and Highway 119 is complete. Publix @ Tattersall Park grand opening is scheduled for 7:00 am, November 6th, 2019. Publix @ Tattersall Park will serve the Highway 280 and Highway 119 trade area, including the Brook Highland and Greystone communities. The […]
