Columbiana, ALShelby Reporter

Plans for proposed subdivisions near Chelsea, Columbiana approved

PELHAM – Plans for two new residential developments in the Columbiana and Chelsea areas are moving forward. The Shelby County Planning Commission on July 19 unanimously approved the master plan for Iron Wood Lakes, a subdivision to be constructed on unzoned property in the Shelby community near Columbiana, and the preliminary plat for Oak Tree Subdivision, which is planned for unzoned property near Chelsea.
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Vestavia Hills, ALvestaviavoice.com

Open house

An open house will be held at 520 Eastwood Place in Vestavia Hills from 2-4 p.m. this Sunday. Agent: Blair Moss, Ray & Poynter Properties -- 205.222.5628.
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Birmingham, ALPosted by
The Alabama Initiative for Independent Journalism

Developer Partners With Tuskegee Students, Minority-Owned Contractors to Revitalize Old American Red Cross Building

The former American Red Cross building that’s been sitting vacant for over 21 years will finally have new life, adding to dramatic redevelopment in downtown Birmingham. Ed Tichelli, who considers himself a social impact developer, has already redeveloped another downtown building, the former American Life Building that’s now called Lofts at American Life. His focus is on bringing jobs and affordable living to residents.
Birmingham, ALwbhm.org

Developer Partners with Tuskegee Students, Minority-Owned Contractors To Revitalize Old American Red Cross Building

The former American Red Cross building that’s been sitting vacant for over 21 years will finally have new life, adding to dramatic redevelopment in downtown Birmingham. Ed Tichelli, who considers himself a social impact developer, has already redeveloped another downtown building, the former American Life Building that’s now called Lofts at American Life. His focus is on bringing jobs and affordable living to residents.
Birmingham, ALrebusinessonline.com

OG Capital Purchases Waterfront Multifamily Community Near Birmingham for $9.4M

RIVERSIDE, ALA. — An affiliate of OG Capital LLC, a Birmingham-based real estate investment firm, has purchased Riverbend Apartments, a 144-unit apartment community in Riverside. Built in 1980, the property sits about 40 miles east of Birmingham and overlooks the Coosa River and its Lake Logan Martin Reservoir. A Delaware-based entity doing business as OG Riverbend LLC purchased the property from a firm doing business as Riverbend Apartments Ltd. for $9.4 million.
Birmingham, ALwbrc.com

BBJ: New development team has Brookwood Village property under contract

BIRMINGHAM, Ala. (WBRC) - According to the Birmingham Business Journal a new development team is quietly taking steps to acquire Brookwood Village for a potential redevelopment project. Along with a developer and out-of-town group, Fairway Investments has had the shopping mall under contract for about three months after Colliers Alabama...
Homewood, ALthehomewoodstar.com

Check out these Homewood open houses

LAH has two Sunday Open Houses to announce for Homewood on July 18 at 2-4 p.m. Note: A previous version of this article included the home at 905 Highland Road. This open house has been canceled.
Birmingham, ALwvtm13.com

Home prices deterring some first time home buyers

BIRMINGHAM, Ala. — Home prices in the Birmingham area are up about 12 percent in the last year. Many first time home buyers are struggling to get their foot in the door because of the soaring home prices. WVTM 13's Sarah Killian shares some tips for first time home buyers.
Birmingham, ALBham Now

Building on Second Avenue sells for $2.65 million

Hoffman Media Group just bought a building on Second Avenue North for $2.65 million. The two-story office building is across from Yo Mama’s and EastWest. Keep reading for more on the Second Avenue District’s latest real estate deal. More on the purchase. Hoffman Media’s Second Avenue acquisition is yet another...
Birmingham, ALBham Now

How long will this competitive sellers market actually last?

We’ve been watching the Birmingham housing market for a while. Curious about how long this crazy sellers market will last, we reached out to two local experts: Richard Grimes, President and CEO of RealtySouth, and Jim Bryant, Mortgage Consultant with Prosperity Home Mortgage. Keep reading to find out what they said.