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The Waites

the waites

The Waites, Birmingham

Nine (9) months of due diligence, fourteen (14) months of construction. 

Tight space for construction meant no materials could be stored onsite; on-time delivery of construction materials was key. With no room for error, the Retail Specialists team paid close attention to all of the small details on how to make everything happen in the right time.

  • Type: Mixed Use Development
  • 707 Richard Arrington Jr Blvd S, Birmingham, AL
  • 66,864 square feet (16,716 sf is ground floor retail)
  • Key Tenants: Blaze Pizza, Taco Mama, Roll Up Sushi, Yummefy, Club Pilates, Smoothie King, BBVA

The Situation

Located in downtown Birmingham on Richard Arrington Jr Blvd and 7th Ave S, The Waites is a 64,000 square foot mixed-use development. The ground floor has 16,716 square feet of retail and restaurant space with 45 apartments on floors two, three and four. The development was completed in 2017 and is fully occupied.

Before building the current Waites development, the property had numerous challenges and was unable to be leased for many years.

Challenges
Actions

Property sat vacant for two – three years due to poor conditions

Small space caused tight construction

Elevation issues on both two-level parking deck and the building

 

With no room for error, the Retail Specialists team paid close attention to all of the small details on how to make everything happen in the right time.

Through a relationship with the property owner, Retail Specialists invested in the vacant property to redevelop what is now known as The Waites. The Retail Specialists team acted as developer and is now the leasing company and property manager.

 

 

Outcome

Nine (9) months of due diligence, fourteen (14) months of construction.

Tight space for construction meant no materials could be stored onsite; on-time delivery of construction materials was key.

With no room for error, the Retail Specialists team paid close attention to all of the small details on how to make everything happen in the right time.

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