Edgehill at Southtown
Retail-Commercial
for Lease
| Catylist Listing ID: |
30820329 |
| Property Subtypes: |
Mixed Use
|
| Building Status: |
Under Construction |
| Contiguous Space: |
12,500 - 50,000 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
22 Acres
|
| Lease Rate: |
$30 - 45 PSF (Annual)
|
| Base Monthly Rent: |
$125,000 - 187,500 |
| Lease Types: |
Undisclosed |
| In Opportunity Zone? |
Yes |
| Last Updated: |
9/12/2023 |
Overview / Comments
Southtown Court was a 22-acre public housing community on the southside of downtown Birmingham, designated for redevelopment by the Housing Authority of the Birmingham District.
The redevelopment of Southtown Court, now called Edgehill, will provide professional family and senior residences in a vibrant mixed-income setting with green spaces, walkable retail, restaurants, office, hospitality, and other amenities.
The goal of The Southside Development Company and the Housing Authority Birmingham District is to implement a sustainable and community-sensitive redevelopment plan. By offering new opportunities to the neighborhood, the proposed redevelopment will better serve both nearby residents as well as the
surrounding community.
|
| Space Available: |
50,000 SF |
| Minimum Divisible: |
12,500 SF |
| Lease Rate: |
$30 - 45 PSF (Annual)
$125,000 - 187,500 (Monthly)
|
| Lease Type: |
Undisclosed |
| Date Available: |
6/1/2024 |
| Space Type: |
New |
Additional Details
| Nearest MSA: |
Birmingham-Hoover |
| County: |
Jefferson |
| Site Description: |
Phase 1: Infrastructure and Block D Residential — 2023; Phase 2: Retail, Office, and Additional Residential — 2024; Phase 3: Office Space and Hotel or Additional Residential — 2025 |
| Area Description: |
Something is happening downtown. Momentum is building all over the city. On Birmingham’s south side, there is a rare opportunity for shops and entertainment to be a part of reimagining one of Birmingham’s most desirable mixed-use locations. In the heart of Birmingham’s medical district, with adjacency to UAB and three hospitals, Edgehill will be catalytic for the area and region for decades to come.
UAB and its hospital system serves students, patients, and staff on a 275-acre campus in the heart of downtown Birmingham leading to a remarkable economic impact in the urban core. UAB's growing student body is creating numerous student housing opportunities for developers, leading to a pipeline of over 1,200 new apartment units coming to downtown Birmingham. UAB is an internationally renowned research university and academic medical center known for its innovative and interdisciplinary approach to education.
• In October 2021, UAB announced its 6th year of record enrollment
• UAB increased enrollment by more than 17% over the past 5 years.
• Enrollment is expected to continue to increase 500-700/year
Birmingham is the entertainment destination of the region.
• 1.4 MM annual visitors to Birmingham-Jefferson Convention Complex (Placer.ai Sept 2021 - Aug 2022)
• 45K seat, 1.3 MM GSF, multi-use, open air Protective Stadium
• Topgolf est. $20MM+ annual revenue
• 1K+ Hotel rooms in district
• Birmingham Squadron NBA G-League
• USFL Birmingham Stallions
• Birmingham Legion FC
• 2022 World Games
• 2025 World Police & Fire Games
Birmingham was voted top food city in the state of Alabama. Awards include: #1 on Zagat's 2015 list of “America’s Next Hot Food Cities”; Highlands Bar and Grill named “The Most Outstanding Restaurant in America” (2018); Chris Hastings, Hot and Hot Fish Club named Best Chef in the South (2012); Named "Hottest small food city in America right now" in 2019 by Andrew Zimmerman, and Nick Pihakis, James Bear Award semifinalist for Best Restaurateur in 2010, 2011, 2012, 2014, and 2015. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
18,690 |
99,413 |
202,479 |
| Median Age: |
32.04 |
36.12 |
36.92 |
| Households: |
8,980 |
43,326 |
85,382 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
