{ full article here } Loveman’s department store on Market Street in Chattanooga closed its doors in 1993 after almost a century in business, another victim of a nationwide decline in downtowns that hollowed out so many US towns. Now the opulent building is buzzing again, this time with tech entrepreneurs taking advantage of the fastest internet in the western …
Whole Foods to add another Alabama store
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First phase of $30 million downtown development underway
Construction is underway on the first phase of a $30 million mixed-use developmentthat will bring additional retail and apartments downtown. RGS Properties and Scott Bryant & Co. first announced the initial $10 million phase in April. The project will include 36 apartments and will be anchored by Starbucks. RGS Properties President Dick Schmalzconfirmed this week dirt work has started on the smaller phase at the …
Kickoff of $400 million development, Aldi expands and layoffs loom in today’s AL.com business headlines
Development of “the most prime property in the Southeastern United States” finally broke ground Tuesday morning that will lead to new roads, an interstate interchange and 1.5 million square feet of retail, commercial and entertainment space. The $400 million development called Town Madison will also include 900,000 square feet of retail space, 450,000 square feet of office space, 445 hotel …
Downtown Birmingham Approaching Critical Mass for its Revival
When The New York Times has something positive to say about Birmingham, you know something really good is in the works — and that’s exactly what happened last August. The paper ran an article entitled “A Return to Downtown Birmingham” that highlighted Railroad Park, Regions Field, the new Westin Hotel and the renovation of Lyric Theatre. It quoted David Fleming, …
Venue at the Ballpark breaks ground in Birmingham
Venue at the Ballpark, a multimillion dollar Inland American Communitie s venture located at Third Ave. S. and 16 th Street near Railroad Park and Regions Field is under construction. Birmingham’s Golden Construction announced the groundbreaking this week. Slated to be completed by January 2016, the project includes 236 apartments over five stories of multifamily units and two levels of parking for residents. Along …
Magazine: Alabama is best state for auto manufacturing
Alabama narrowly edged out Tennessee as Business Facilities magazine’s No. 1 state in auto manufacturing strength. The Volunteer state had topped the list for four consecutive years, according to the 2014 rankings, but Alabama’s auto strength, anchored by the expanding Mercedes-Benz U.S. International Inc., won the state the top ranking. “Mercedes Benz’s long term commitment to Alabama …
Whole Foods Market expected to open Montgomery location in 2016
MONTGOMERY, Alabama — Montgomery shoppers will soon have a new option when picking up groceries. Whole Food Market is expected to open a east Montgomery location, according to WSFA. The 40,000 square foot grocery store will be located in the Chase Corner development off Taylor Road currently underway by Aronov Realty Management. The market is slated to open in early 2016 and should …
Director: State Port poised to ship automobiles within a couple of years
POINT CLEAR, Alabama – The head of the Alabama State Port Authority said it has identified a site for a $54 million automotive shipping terminal and the port hopes to be ready to ship Alabama-made cars and SUVs in a year or two. Speaking to the Economic Development Association of Alabama‘s Summer 2014 Conference, Jimmy Lyons, director and chief executive …
East Tennessee auto supplier creates 1,000 jobs
Auto parts supplier SL Tennessee LLC officials said today the company will invest $80.5 million in Clinton, Tenn., outside Knoxville and create 1,000 new jobs. Located in Clinton since 2001, this will be the company’s fifth expansion. SL Tennessee was an early supplier to Chattanooga’s Volkswagen assembly plant. SL Tennessee will begin construction in August 2014 with a goal of …