Parrish
Parrish, AL · Real Estate
familydestinationsguide.com
This Overlooked Alabama Town Where Retirees Are Quietly Moving In To Stretch Their Savings
If you’ve been searching for a place where your retirement savings actually last, someone in Sylacauga, Alabama is probably already living the life you’re imagining. This central Alabama town has been quietly doing everything right for a long time, and the retirees who’ve discovered it aren’t exactly rushing to spread the word.
Bham Now
Shake Shack on 280 among new $1M+ building permits
Eleven new building permits issued this past week in the Birmingham metro for construction projects exceeding $1 million. These included projects in Alabaster, Hoover, Homewood and Mountain Brook among other areas. One of these permits was for the construction of a new shake Shack restaurant on the 280 Corridor. The...
familydestinationsguide.com
Locals Are Quietly Buying Homes Under $100,000 In This Overlooked Alabama Town
There’s a small town in northwest Alabama where the housing market hasn’t lost its mind yet, and people are starting to notice. Haleyville, Alabama is the kind of place that makes you wonder why you’ve been paying so much to live somewhere else. Let’s be honest about...
valiantceo.com
Why Losing Legacy Homeowners Costs Communities More
Cities across the United States are changing quickly. Revitalization can bring investment and rising property values. It can also bring pressure on the people who were there first. Longtime senior and veteran homeowners often hold their largest source of wealth in their homes, and that wealth can be affected by repair costs, tax increases, insurance challenges, and outside buyers. The central question is not whether neighborhoods should grow, but whether the people who built them can afford to stay.
Shelby Reporter
Chelsea holds hearing on property tax increase
The Chelsea City Council held a public hearing to discuss the possible introduction of the city’s first-ever municipal property tax on Monday, Oct. 5. The city of Chelsea could implement a 5-mill city tax, which would be around $1,526,517.40, based on tax year 2025. This would bring an average total increase per parcel to $232.50 and an average total increase per single-family home of $206.77.
hoodline.com
Mountain Brook Swaps Condo Flats For Townhomes, Chester Road Pushes Back
A revised plan for the former Shades Valley Presbyterian Church site in Mountain Brook would swap 26 stacked condo flats for seven additional townhomes, a change that has Chester Road residents worried about traffic spilling onto their once-insulated street. The 3.8-acre property, now reshaped into a 10-townhome frontage along Montevallo Road backed by 13 single-family homes, is headed to the Mountain Brook City Council for a decision on amending the Hollywood Gateway Planned Unit Development.
AL.com
What do the new owners of Birmingham’s Summit shopping center have planned for its future?
The new owner of Birmingham’s The Summit says it plans to build on what is already Alabama’s most-visited retail destination. Maryland-based Federal Realty Investment Trust announced Thursday it had acquired the outdoor shopping center for $508 million. Nearly 9 million people annually visit the Summit, which will next...
familydestinationsguide.com
Life Still Feels Good In This Overlooked Alabama Town Where Rent Stays Under $700
Nobody put Montevallo, Alabama on the cover of a magazine, and that oversight is the town’s best-kept secret and your greatest opportunity. Sitting quietly between Birmingham and Tuscaloosa in Shelby County, Montevallo is the kind of place that rewards the people who actually pay attention. Rent stays under $700...
myfamilytravels.com
Why Seniors Are Flocking to This Affordable Alabama Retirement Haven
The kayak is not supposed to spend retirement in the garage. Neither are the walking shoes. Yet that is what happens in plenty of places once winter arrives and everyday costs start eating into the budget. This Alabama retirement community offers a different setup. Mild weather keeps outdoor plans alive...
connectcre.com
Federal Realty Pays $508M for Birmingham Retail Center
Federal Realty Investment Trust acquired The Summit, an Alabama retail destination, for $508 million ($498 million on a net basis). The retail center is a 100-acre, approximately 870,000-square-foot open-air property developed over more than 30 years. It was owned by Bayer Properties, which has since opened a number of other retail hubs with “The Summit” moniker. Centennial handled the leasing and property management.
ABC 33/40 News
The Summit Gets New Owner in $508 Million Acquisition
BIRMINGHAM, Ala. (WBMA) — For more than three decades, The Summit has been a familiar part of Birmingham’s retail landscape. Now, the 100-acre shopping destination has a new owner. Federal Realty Investment Trust announced Thursday that it has acquired The Summit for $508 million, or $498 million on...
AL.com
Birmingham’s Summit shopping center purchased for $508 million
The Summit, Birmingham’s 100-acre outdoor shopping center, has been acquired for $508 million. Maryland-based Federal Realty Investment Trust announced the acquisition Thursday. The original developer Bayer Properties sold its property management and leasing portfolio to the Dallas-based Centennial in 2022. Since its opening almost 30 years ago, the Summit...
Bham Now
The Summit sells for $508M to out of state firm
The Summit, Birmingham’s largest retail destination, has been acquired for $508 million by Maryland-based Federal Realty Investment Trust. Purchased from its original local owner Bayer Properties, the 100-acre, 870,000-square-foot open-air property is the most-visited retail destination in Alabama, drawing nearly 9 million visits annually. “Opportunities to buy truly irreplaceable,...