in

All-Black Real Estate Team Makes History With $100 Million Housing Project In Birmingham

 

A black-led real estate team announced this month that it was set to launch a $100 million housing project in Birmingham, Alabama. The launch will make the project the largest to be led by African Americans in Birmingham, authorities said.

statement by Randall Woodfin, the city’s mayor, said the city council has approved an ordinance authorizing the sale and development of approximately 222 acres of land located in the vicinity of Lakeshore Parkway at 1911 Tiger Walk to Green Meadow Apartments, LLC for a purchase price of $1.5 million.

Loading...

The statement noted that Green Meadow Apartments will undertake a multi-phased project developing the area into single-family, multi-family and senior housing for an estimated 900 residents. When completed, the project is also expected to include a commercial town center with a grocery store and commercial and retail office spaces. The commercial areas are expected to bring in some $500,000 in property taxes in the first three years.

The statement noted that Green Meadow Apartments will undertake a multi-phased project developing the area into single-family, multi-family and senior housing for an estimated 900 residents. When completed, the project is also expected to include a commercial town center with a grocery store and commercial and retail office spaces. The commercial areas are expected to bring in some $500,000 in property taxes in the first three years.

Loading...

Written by PH

Leave a Reply

Your email address will not be published.

CAPTCHA


Russia Loses Its 8th Colonel After Fierce Fighting In Ukraine

How Matthew Ashby Overcame The Struggle Of A Free Black Man In 1700s Virginia To Free His Family From Slavery