{ Full Article Here } Publix Super Markets has signed a lease for a store at the Patchwork Farms development in Vestavia Hills, and should be breaking ground in the first week of February. Miller Terry, who handles leasing for Blackwater Resources, confirmed that Publix signed on for a 45,600-square-foot store. Publix media and community relations manager Brenda Reid said …
QUINT STUDER RESIGNS FROM STUDER GROUP, $50M DOWNTOWN PROJECT SUSPENDED
{ Full Article Here } Hours after resigning from his position with the company he founded, Pensacola developer Quint Studer told a group of realtors on Thursday that his proposed $50 million mixed-use development in downtown Pensacola would not move forward. Studer, 64, is the founder of Studer Group, a healthcare consulting firm. He is also the owner, with his wife Rishy, of …
Austal lands Navy shipbuilding contract worth up to $198M
{ Full Birmingham Business Journal Article Here } Austal Limited on Dec. 21 announced that Austal USA’s shipbuilding operations in Mobile has been awarded a contract worth more than $51 million from the U.S. Navy. The contract modification – which is part of the company’s 11-ship, $3.5 billion Littoral Combat Ship (LCS) contract for the U.S. Navy – is expected …
Town Madison will get bigger with 200-acre Intergraph land purchase
{ Full AL.com Article Here } “Five-hundred acres with this much frontage is extremely unique to any development in the Southeast,” he said. The $400 million Town Madison mixed-use project is about to get a lot bigger. Leaders gathered Thursday outside the new Intergraph headquarters in Madisonto announce Breland Companies has purchased more than 200 acres at the campus along Interstate …
Madison Square owner releases new logo for MidCity Huntsville project
{ Full AL.COM Article Here } RCP Companies has unveiled a logo for the new MidCity Huntsville project at Madison Square Mall on University Drive. As AL.com previously reported, the real estate firm is working with The Grove Huntsville to redevelop the former “Super Mall” into a mixed-use project with retail, restaurants, entertainment, office/residential space, a hotel and recreational park. …
Avondale’s Box Row now 88% leased, adds several new tenants
{ Full Birmingham Business Journal Article Here } The $4.3 million retail development Box Row Avondale is now about 88 percent preleased, according to Blue Oak Development principal Robert Ferrara. Ferrara said there is just one retail box and two small office blocks left to lease. A few of the latest tenants to sign on include Manitou Supply, South Boutique …
The U.S. Could Build a Lot More Apartments
{ Full BloombergView Article Here } Developers are putting up new apartment buildings in the U.S. as fast as they were before the real estate crisis. Yeah, there was a decline in multi-family construction in October, probably because of flooding in the South. But overall the picture from the Census Bureau’s monthly building permits data has been one of growth. By …
Renters Pay Up, But Want Amenities
{ Full Globe St Article Here } CARROLLTON, TX—Their rents may be increasing at the fastest pace in almost a decade, yet US apartment renters continue to prefer to renew their leases rather than move elsewhere. “For all the noise about affordability, there isn’t yet any real evidence that market-rate apartment renters are unable or unwilling to renew their leases,” …
O’Neal to open new plant in Tuscaloosa
{ Full Birmingham Business Journal Article Here } O’Neal Manufacturing has announced plans to open a new finishing plant in Tuscaloosa in 2016. The division is part of Birmingham-based O’Neal Steel, which will open a plant on property owned by Nucor Steel, according to a report from the Tuscaloosa News. The new facility will feature two plasma cutting lines that …
Site work begins at the Metropolitan in Lakeview
{ Full Article Here } Site work has begun in Lakeview for the $40 million Metropolitan apartment project. John Gilbert, senior vice president with Houston-based developer Bomasada Group, said that utility work is being done now at the site, which is located at 2900 Seventh Ave. S. The development, which was first announced in April of 2014, will have 260 …