An Alabama developer paid $4.6 million for 65 acres after the city unanimously backed the project; the land will become housing, shops, medical offices and workplaces
- An Alabama developer has acquired about 65 acres in Hoover for $4.6 million, securing the remaining land needed for the third phase of Stadium Trace Village, a large mixed-use development that is already reshaping one of the city’s major commercial corridors.
- Broad Metro LLC completed the purchase on August 17, according to the company and a report by the Birmingham Business Journal.
- The property had been owned by 11 tenants in common, with real estate broker Lee Willcoxon IV representing the ownership group during the transaction.
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- An Alabama developer has acquired about 65 acres in Hoover for $4.6 million, securing the remaining land needed for the third phase of Stadium Trace Village, a large mixed-use development that is already reshaping one of the city’s major commercial corridors.
- Broad Metro LLC completed the purchase on August 17, according to the company and a report by the Birmingham Business Journal.
- The property had been owned by 11 tenants in common, with real estate broker Lee Willcoxon IV representing the ownership group during the transaction.
Sources: Times of India