Southpace Properties to Develop $11M Mixed-Use Building in Birmingham
BIRMINGHAM, ALA. — Southpace Properties will develop Macaroni Lofts, a mixed-use building in Birmingham’s Parkside District that will include 35 residential units and 6,000 square feet of retail space. Birmingham Business Journal reports the project will cost $11 million to complete. The residential units will span in size from 347 square feet to 1,750 square feet. Situated at the corner of 4th Avenue and 14 Street, Macaroni Lofts is a redevelopment of the former Birmingham Macaroni Co. warehouse, which was built in 1902. The building’s existing structure will remain intact with the addition of rooftop penthouse units with private terraces. The design also incorporates 12 newly constructed residential units on an adjacent lot with a community terrace between the two structures. The development team includes Fifth Dimension Architecture, Commerce One as the lender, Southpace Properties for the commercial space listing(s) and H2 Real Estate for the residential units. Completion is scheduled for summer 2020 with units becoming available for pre-sale this month.