Developers recently closed on $11 million worth of land surrounding the Lifetime Fitness in Vestavia Hills and will begin work on the Patchwork Farms project in March.
Vestavia Hills City Manager Jeff Downessaid during an interview with the BBJ this week that $100 million worth of construction will begin on the site around March 15.
Daniel Corp. has served as the master planner for the project since the city began developing plans for the site in December 2013.
“We are looking at the assets we have and planning them on the front end to deliver a product on the back end that creates quality of place,” Downes said. “At the end of day, it creates those dollars that we will ultimately be able to leverage to add revenue to do some of the quality of life issues that are desired in this community.”
According to Jefferson County public records, the City of Vestavia Hills conveyed multiple lots to Daniel Corp. for $4.3 million. The Vestavia Hills Board of Education conveyed lots to the city for $3.4 million, and the city sold a lot to Patchwork Farms Retirement Community for $2.2 million.
Vestavia Hills sold a parcel to Northport Holding for $1.3 million.
Patchwork farms will be a mixed-use village that will include loft apartments, Northport Holding’s rehab facility and Daniel Corp.’s office and retail development that will include around 100,000 square feet of retail space.
“In the first six months of 2015, Patchwork Farms will become a mixed-use center,” Downes said. “At the end of the day, by 2015, you’ll see if not all most of this under construction.”
The development will eventually surround the 100,000-plus-square-foot Lifetime Fitnesswhich was built in 2012 after Vestavia Hills sold a portion of the 85-acre property to the fitness center.