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Old 03-01-2017, 02:52 PM
 
Location: Birmingham
11,787 posts, read 17,923,608 times
Reputation: 10130

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Well, I didn't see anything in there about excluding sanctuary or welcoming cities, so I guess we're good.
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Old 03-01-2017, 03:01 PM
 
Location: Birmingham, Alabama
987 posts, read 897,284 times
Reputation: 359
^ fingers crossed!
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Old 03-03-2017, 08:17 AM
 
Location: Birmingham, Alabama
987 posts, read 897,284 times
Reputation: 359
The Avondale community in the city of Birmingham is being transformed into a very exciting place. Avondale Brewery owner has started a new development in the area. It is becoming way too hard to keep track of all the exciting new developments in the city!


Avondale Brewery owner starting new project | WBMA
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Old 03-03-2017, 09:54 AM
 
3,263 posts, read 3,827,895 times
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Quote:
Originally Posted by GotLuv4Bham View Post
The Avondale community in the city of Birmingham is being transformed into a very exciting place. Avondale Brewery owner has started a new development in the area. It is becoming way too hard to keep track of all the exciting new developments in the city!


Avondale Brewery owner starting new project | WBMA
This is the row of houses I noted were undergoing renovation on post #1026 in the New and Upcoming Projects thread.

I was expecting them to stay residential, but shops/cafe works too.
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Old 03-03-2017, 11:37 AM
 
Location: Birmingham, Alabama
987 posts, read 897,284 times
Reputation: 359
^ yup!
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Old 03-06-2017, 12:34 PM
 
Location: Birmingham
11,787 posts, read 17,923,608 times
Reputation: 10130
A look at the downtown apartment boom.

Betting on Birmingham: What's fueling the downtown apartment boom? | AL.com

Quote:
The occupancy for apartments in Birmingham is at 92.5 percent, according to Berkadia.
Even if they are off several points, that looks like a healthy number considering the huge shift in units that came available:

Quote:
Downtown real estate is booming. Downtown Birmingham and the downtown corridor, including the Lakeview and Southside neighborhoods, now boast more than 4,500 apartments and condominiums, according to data from Rev Birmingham, an economic development organization.
About 40 percent of those apartments popped up last year. That's 1,772 new downtown apartments in 2016. That's nearly three times the amount added in 2015, according to data from multi-family investment group Berkadia. Another 680 new apartment units are project to come online by the end of 2017.

If just let's say 90% of those new 1772 units are occupied by...maybe 1.4 people, that would mean around 2200 more people moved in to downtown just last year.
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Old 03-06-2017, 02:03 PM
 
Location: Birmingham, Alabama
987 posts, read 897,284 times
Reputation: 359
^Exciting times in the city indeed! Downtown Birmingham's population should show a significant increase by the 2020 census.
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Old 03-06-2017, 03:12 PM
 
10,528 posts, read 7,206,542 times
Reputation: 32377
Quote:
Originally Posted by Tourian View Post
A look at the downtown apartment boom.

Betting on Birmingham: What's fueling the downtown apartment boom? | AL.com



Even if they are off several points, that looks like a healthy number considering the huge shift in units that came available:




If just let's say 90% of those new 1772 units are occupied by...maybe 1.4 people, that would mean around 2200 more people moved in to downtown just last year.
I worry a little about overdevelopment. Don't get me wrong. I like the transformation. But when you start redeveloping big buildings such as the old Liberty National building or the Brown Marx, will there be enough absorption? And how will it affect pricing. Will these guys be able to make a profit?

A lot depends on the continuing attraction of business back into the downtown area, not to mention some kind of robust economic development effort. Birmingham took it on the chin in 2008 with the damage to banking as an industry, and hasn't really recovered fully from it. That being said, a vibrant downtown sure looks a lot more attractive to new companies eyeing the market than what downtown was ten years ago.
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Old 03-06-2017, 03:23 PM
 
Location: Birmingham
11,787 posts, read 17,923,608 times
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I think UAB is going to continue to be the main driver of that absorption. Even if we never get the big headline of some major company moving into the city. The school will continue to add more students and more faculty and the hospital will continue to grow.


Liberty National and Brown Marx may not necessarily be more rentals. They could be redone as office or hotels.
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Old 03-06-2017, 04:08 PM
 
Location: Birmingham, Alabama
987 posts, read 897,284 times
Reputation: 359
Birmingham city hall needs to become laser focused on the recruitment and retention of high paying jobs. I agree that UAB will continue to drive downtown growth, but I don't think we should give up on banking. Downtown is home to the state's only fortune 500 company (Regions Bank). Also, BBVA Compass is headquartered downtown. There are also a few smaller banks headquartered in the metro area that can become major players. The city needs to go after more white collar jobs.
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