Word-of-mouth speculation, long swirling around the future use of an L-shaped plot of property located next to and behind Midtown’s landmark Dew Drop Inn on Old Shell Road finally spilled over into reality last week.
Lewis Golden, a broker with Hamilton & Company, planted a sign on-site last Friday to announce his company’s plans to help fill out a new, 8,250-square-foot, mixed-use, multimillion-dollar project called The Shoppes at Midtown. Plans are in place for the site to break ground sometime this year.
“The Shoppes at Midtown is a mixed-use development that includes ground floor retail and restaurant space with two floors of upscale lofts above,” Golden said. “The project will be pedestrian oriented with the goal of contributing to the established businesses in the immediate area.”
He went on to say Mobile-based Crescent Construction & Development is the other major partner on the project that will be in charge of build-out. Site work is headed up by company partner and vice-president Stephen Howle.
Expectations are for the new building’s footprint to front Old Shell Road, with parking spaces to be synched up next to those dedicated to Dew Drop Inn. Additional parking spots will be available in the rear of the property.
Per Golden, pre-leasing inquiries into tenant space are now available. Additional information can be found by contacting Hamilton & Company or visiting their website at hamiltonpropertyco.com
Alumni Center opens
The University of South Alabama National Alumni Association will hold a grand opening this Friday for their new, 15,000-square-foot MacQueen Alumni Center, centrally located on its main campus in Mobile. The new facility is expected to be a touchstone for a network of nearly 85,000 Jaguar postgraduates spread out worldwide.
Originally conceived in 2013, the project saw over 470 donations stream into coffers during fundraising. The largest by far was a $2 million contribution by Class of ’73 graduate Julian MacQueen, owner of Pensacola-based Innisfree Hotels. MW Rogers Construction Company handled build-out on the site and Stacy Norman of Stacy Norman Architects was the project designer.
USA National Alumni Association President Patrick Dungan (Class of ’06) also emphasized the importance of the event.
“Over the past 57 years, the university has grown and thrived,” Dungan said. “Now we have a true home for all of our alumni to visit, to bring their children and grandchildren and to continue South’s legacy for future generations.”
More cheese, please
Bob Isakson, president of Mobile-based property management firm Lafayette Land Company, reported The Cheese Cottage at 650 St. Louis Street is planning to open a second location sometime this year at the new Mercantile Apartments project on St. Joseph Street. Additionally, bistro owners Kristi and Bubba Barber have upgraded the outdoor area with an outdoor fire pit installed by the developer.
Lafayette Land Co. will also reportedly start adding fire pits, ranging from 36 inches to 48 inches in diameter, to many of their downtown developments including: Old Majestic Brewery, Iron Hand Brewing, Greer’s, Bake My Day (at historic Fire Station No. 12), Nova Espresso, the 1825 Restaurant site (planned for build-out across from Nova Espresso) and three rooftop restaurant/bar projects in various stages of planning downtown.
Burton Property Group has reported purchasing 52 units at the Springhill Oaks Condominiums complex located at 3655 Old Shell Road in Mobile. Capital investment sunk into the acquisition, as well as plans to upgrade the complex and units, was reportedly in excess of $4 million. Edmund Zoghby and Kym Trest of Roberts Brothers Inc. represented the buyer and sellers.
Property-wide renovation plans for the buildings and grounds are slated to begin in Spring 2020. Exterior upgrades will be handled locally by Pete J. Vallas, A.I.A., Architect. Interior work will be covered by Angela Grady Interior Design with the goal of modernizing the site’s complete aesthetic.
Trest and Chris S. King of Roberts Brothers Inc. will handle the sales of the newly renovated units. Two-bedroom flats will start at $175,000, with two-bedroom townhomes priced out at $195,000. More information about the property can be found at springhilloaks.com
A hotel operator has purchased 5.3 acres of commercial land in the Palms of Foley located at 3201 S. McKenzie St. in Foley for about $954,000. The operator plans to develop two new hotels on the site: one under the Marriott flag and another to be announced at a later date.
Build-out is anticipated to begin in the spring of 2020. The site sits behind Culver’s eatery and shares highway access with Big Lots, Hobby Lobby, Lowe’s and Shoe Station. Andrew Dickman with Stirling Properties represented the seller in the transaction. Randy McKinney with Realty Executives Gulf Coast worked for the buyer.
Bowen Weir with B4 Properties reported that Chris Cullen, owner of El Barrio Restaurante Y Bar in Birmingham, recently picked up a little over 1.6 acres of property located at 309 S. Ingleside St. in Fairhope for $700,000. Expectations are to break ground, build-out and open a new eatery sometime this year. Kim Ward Realty worked for the buyers in the transaction and Weir represented the sellers.
Weight Watchers has leased some 1,200 square feet of retail space in Magnolia Square Shopping Center, Suite G, located at 25235 US Hwy. 98 in Daphne. Marl Cummings, IV, with Cummings and Associates Inc., represented the tenant. Jeff Barnes with Stirling Properties worked for the landlord in the transaction.
Caldwell Wenzel & Asthana PC and Meridional LLC are leasing 4,841 square feet of professional office space located at 6404 Hillcrest Park Court in Mobile. Barnes with Stirling Properties represented the landlord in the transaction. Philip Hodgson with Coldwell Banker Commercial Reehl Properties worked for the tenant.
Sharon Wright with White-Spunner Realty recently sold 17 acres on County Road 20 in Elberta for $153,000 to a local investor. The rural agricultural-zoned property is to the west of County Road 95. Wright was the only agent involved in the transaction.
Delta Clinical Research is leasing some 2,550 square feet of medical office space located at 4358 Midmost Drive, Suite B, in Mobile. Jill Meeks with Stirling Properties handled the transaction.
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