BIRMINGHAM, AL (March 26, 2024) – A new, expansive development has been announced for the town of Alabaster, promising to bring approximately 600,000 square feet of new retail, restaurant, and hotel space into the local economy. Named District 31, this project is developed by Alumni Properties & Parkes Development Group with leasing and tenant negotiations by Retail Specialists.
Alumni Properties, the developer behind this ambitious project, has been nurturing the vision of District 31 for several years. “This project has been in the works for years, and we are thrilled to see it coming to fruition, promising to transform the landscape of Alabaster and create a new destination for residents and visitors alike in Shelby County,” said Keith Owens Managing Partner and CEO of Alumni Properties. “We are excited to announce the retail and restaurant tenants in the coming months that Retail Specialists has secured for the development.”
Strategically located at U.S. 31 and Interstate 65, just off I-65 Exit 238, District 31 is poised to become a hub of commerce in one of the fastest-growing areas of the Birmingham MSA. Beau Young, Executive Vice President at Retail Specialists, highlighted the significance of the location, stating, “District 31 is strategically placed in one of the fastest growing areas in the Birmingham MSA and will bring a host of restaurants to the Alabaster area, enriching the community and its offerings.”
Further announcements regarding specific tenants and construction timelines will be made in the coming months as the project moves forward. For additional information on leasing contact Beau Young at 205-314-0390.
About Alumni Properties
Alumni Properties is a leading real estate development company specializing in the creation of successful commercial, residential, and mixed-use projects. With a focus on innovation, sustainability, and community enrichment, Alumni Properties is committed to delivering exceptional spaces that meet the evolving needs of the markets they serve.
About Retail Specialists
Retail Specialists, LLC is the premier retail real estate services firm in the south. We are committed to long-term relationships in property management, retail representation, development, leasing, and brokerage. Founded in 2005, we’ve thrived through tough times and shine under pressure. A unique mix of experience, technology, and data have proven successful in a business we love.
