In other news a few new apartment complexes are in the works for the north side. These are all within a block of the Lyric Theatre under renovation currently:
Stonegate Realty is looking to buy the 5-story Booker T. Washington Insurance Co. building (1728 3rd Ave N) and invest $5-7 million to develop apartments. It will hold about 50 units and they may put a restaurant/bar in the basement. The purchase would close in early March and comes with the parking deck attached.
Source,
Birmingham Business Journal
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There are also plans to convert two buildings into apartments and commercial units. The buildings are connected. The JayMark is a 2-story with the second floor holding 4 units and the bottom floors being Residential/Retail. He will try to keep costs under $1Million. The Lichter’s building is a 4-story, but only the first floor will be renovated (for now) to hold two entertainment units (Bars/Restaurants).
Both are owned by Kruse and are located at 1826 Third Ave. North and 1818 Third Ave. N. (respectively)
Source: Al.com
Two Historic Buildings in Birmingham Theatre District to Become Lofts
Lyric Theatre Restoration Kickstarts Redevelopment
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Also, the city council will vote next week on rather to sell the land for the proposed 245-unit complex next to RR Park that was meantioned on the last page of this thread. This is the proposal for 3rd Ave and 16th street by the builders of CityVille Block 121.
Source:
City Council, Mayor reach some compromise regarding ballpark spending