Economic Development Committee Meeting Recap 1.23.18

Brown-Marx Tower

The Brown-Marx tower in downtown Birmingham has a new owner. The building, part of the “Heaviest Corner of Earth” (so named because of the nearly-simultaneous appearance of four of the tallest buildings in the south, the Woodward Building (1902), Brown Marx Building (1906), Empire Building (1909), and the American Trust and Savings Bank Building (1912)) has been acquired by Tupelo Hotels 1031 Acquisition II, LLC. The Birmingham Business Journal is reporting that the same entity also bought the Allright Parking Deck at 1901 First Ave. N. for $1.59 million, and that they share an address with Buford, Georgia-based Ascent Hospitality, which developed the Elyton Hotel at the historic Empire Building at 1928 First Ave. N., located across the street from Brown-Marx. So far, plans for the development of the building have not been made public but the agenda referenced that resolving the condemnation would “assist in facilitating the development of a hotel on the property.”

Attachments

Community Development in District 7

The next item on the agenda was submitted by the Community Development Department, seeking approval of a (temporary) Slope and Grading Easement and a (permanent) Drainage Easement from the City to Grants Mill, LLC for improvement surrounding the construction of approximately 73 new houses on Wenonah Oxmoor Road. The City is currently under contract to Grants Mill, LLC to sell them the property at 2700 Wenonah Oxmoor Road for the market value of $369,000. Originally, the entire property outlined in the image below was to be sold to the developer, but after further assessment, only the property marked by the red border ended up being needed for the project. The developers have already gotten several layers of approval, including from the Oxmoor Steering Committee and from the Subdivision Committee. The houses will be put on the market for somewhere in the $200Ks.

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