New residential development coming to downtown - WSFA.com Montgomery Alabama news.

New residential development coming to downtown

There's a lot of demand for housing downtown. And a couple of development projects could that demand be met.

The corner of Perry and Columbus streets will look a lot of different in a couple of years.  The $20 million Warehouse District project promises to bring 220 residential units.

"Consumers can live next to where they work, where they play, where they dine, where they entertain," said T.J. Williford, with Realty Partners, part of the group developing the project.  "It's just a great opportunity to provide a residential solution to the needs in downtown Montgomery."

For Williford and the other partners in the project...the push to redevelop downtown is personal.

"We all at one point lived outside downtown, outside the Montgomery area and as young professionals we all made a conscious effort to move back home and to do good in our hometown," Williford said.  "It really feels good to invest and help cultivate what's good in our city."

The home of the famous Sous La Terre lounge will also get a facelift.  After years of waiting, the owners of 82 Commerce Street received a grant to update the building's façade. 

"This is the end of the bureaucratic process, but it's also the beginning of a beautiful and historic building in downtown Montgomery," said Tracy Larkin, a Montgomery City Councilor.

The owners also plan to build 10 luxury loft apartments there.  Back on Perry and Columbus, the 220 units could be just the beginning.

 "Within the parameter, there's an estimated 500 units comprised of not only rentals, but fee simple town homes and condos," Williford said.  "I think the Warehouse District is truly the answer to the residential component needed and desired in Downtown Montgomery."

The developers of the project expect construction to begin within the next 12 months and the first phase of the project could be completed in two years.  Mayor Todd Strange said the city was going to place the new municipal court building on the site.  That project has now been delayed for a few months.

 

Copyright 2011 WSFA 12 News.  All rights reserved.

 

Powered by Frankly