Lafayette Land Company announced more work last week on the St. Louis Street Place project, which is moving along as planned. Essentially, they are in phase two of the ambitious build-out that will eventually touch all four corners of the intersection of St. Louis and Jackson streets in Downtown Mobile’s bustling Central Business District.
First announced roughly a year ago to great fanfare, phase one involved breaking ground on a new grocery store called Greer’s Fresh at 260 St. Louis St. It is currently being built-out by the 104-year-old, generationally owned grocery chain.
“Greer’s, [at] the circa-1936 Davis Auto Parts, is receiving its storefront windows and doors this week,” Lafayette Land Company said in a prepared statement. “The installation of the new, adjacent parking lot has begun, and the work is moving forward quite nicely for a spring turnover.”
The retailer will have a fully renovated 1936-era parking lot situated adjacent to the site.
Heralded last July by Mayor Sandy Stimpson at a groundbreaking as one of downtown’s “tipping points,” the project is anticipated to assist with residential revitalization in the area, similar in significance to the Meridian at the Port apartment complex, which is located a quick Gotcha ride east on Water Street.
When fully realized, St. Louis Place is expected to be a 39-unit luxury apartment and mixed-use space. It is located at 300 St. Louis St., directly across the street from Greer’s Fresh. The five-story footprint will have one-, two- and three-bedroom, upscale apartments ranging in size from 1,000 square feet to 3,350 square feet.
Spaces will feature extra-tall ceilings, designer appliances, oversized doors and balconies for each unit, a 12-by-16-foot arcade over the sidewalk in front of 8,000 square feet of retail and secure on-site parking.
The complex is also anticipated to contain an upscale athletic club with an indoor lap pool, a high-end restaurant, a cocktail lounge and several other retail outlets. The fully secure and private complex will have a dog grooming station, package delivery, club area and other amenities.
Expectations are for Greer’s Fresh to open this spring and the apartments to open in Spring 2021.
Lafayette Land Co. also has available the Class A office building at 301 St. Louis, located on the corner of Jackson Street. The property is a two-story, circa-1860 warehouse that has been restored into a 9,000-square-foot office building site, with connected parking. It will be available for occupancy starting this summer.
The entire $17 million project in the Automobile Alley Historic District is being financed by Servisfirst Bank and represented by loan officer Walter Brand. The site is expected to have a historic, brick-and-masonry facade on all five floors. The architects working on the multi-building project are Robert and Karrie Maurin, local co-owners of Maurin Architecture. They are also the primary architects for all of Lafayette Land Co.’s downtown projects that include other developments such as Iron Hand Brewing.
Joe Asarisi & Associates and Barton & Shumer Engineering, both Mobile-based firms, are the civil and structural engineers working on the project, respectively.
Lafayette Land Co. is a local, family-owned real estate development firm. The units are being marketed through Heather Isakson Huffman, owner of Huffman Real Estate, in partnership with Doris C. Isakson and Robert J. Isakson II, both with Lafayette Land Co.. More information can be found by calling and/or visiting their website.
Community Foundation of South Alabama opening new headquarters
Per a news release, construction is slated to begin in August on a $3 million build-out project located at 212 St. Joseph St. for a new, 6,919-square-foot Community Foundation of South Alabama property downtown.
The building is expected to serve as a convening space for nonprofits, businesses and leaders to work together via collective efforts. The new facility will also serve as a venue for community conversation, strategic planning and programming. Two- thirds of the site will also be allocated for public use with on-site parking.
The Community Foundation’s eight-county footprint serves a population of more than 750,000 state residents, and the new site will provide local area facilities in Lower Alabama for the nonprofit to continue its efforts in the surrounding, not-for-profit community.
“We have been working to create stronger communities and encourage greater giving since our founding more than 40 years ago,” Community Foundation of South Alabama President and CEO Rebecca Burns said. “Without an emboldened commitment to provide more opportunities to everyone, we are constructing this new facility on the same site where our roots have been firmly planted in Downtown Mobile.”
The anticipated completion date for the project is set for early 2021. More information about the nonprofit can be found at communityfoundationsa.org
SVN International Corporation (SVNIC), a Boston-based, full-service commercial real estate franchisor of the SVN brand, announced the addition of Mobile-based and locally owned SVN Toomey Property Advisors. It is the commercial real estate company’s first foray into the Lower Alabama area.
Managing director and franchise owner Justin Toomey headed up the opening of the 1,700-square-foot space located at 169 Dauphin St., Suite 201, in Downtown Mobile. The office currently employs three agents with plans for expansion in the near future.
Some 32,000 square feet inside the 90,000-square-foot former Kmart retail site, located at 5405 Hwy. 90 inside the Cloverleaf Plaza Shopping Center in West Mobile, has recently been leased by a Ridgeland, Miss.-based Club4Fitness health facility. This will be their fourth location to open in the area. Toomey, with SVN Toomey Property Advisors, worked for the tenant in the transaction. Montgomery-based Aronov Realty represented the landlord in the deal.
Long Beach, Cali.-headquartered SCS Engineers recently leased some 3,000 square feet of office space on the first floor of 1 St. Louis St. in Downtown Mobile. This is their first expansion into the central Gulf Coast region and second site in Alabama. Jeff Barnes with Stirling Properties worked for the landlord. Toomey with SVN worked for the tenant.
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