The Five Points South area is growing with swift momentum in 2018. A new restaurant joined Stephen Gregory: A Men’s Concept as the second new addition to Pickwick Place (formerly Pickwick Plaza) since the start of the year. D’s Tamales opened on Wednesday, filling a space that has been vacant for over two years.
KH Management, which manages a portfolio of several Five Points properties has signed four leases to new businesses since August – three of which are in Pickwick Place.
The first new tenant, Sleek Sports Bar, opened in October and is housed in the former World of Beer space. Followed by Stephen Gregory: A Men’s Concept, an upscale barber shop, and now D’s Tamales. The fourth lease was signed to Vivint Inc.– a company that specializes in smart home technology. They plan to open a sales office in Pickwick Place.
KH Management viewed the Pickwick property as a hidden gem in the already fast-developing Five Points community. KH agreed to host 2017 Birmingham Restaurant Week Preview Party in the space, an event coordinated by REV Birmingham to feature some of Birmingham’s best restaurants while serving up savory bites along with beer, wine and spirits.
The property went from being completely vacant in April 2017, to a revitalized part of Five Points South at the beginning of 2018.
“Once we kicked off signing leases, it was a snowball effect of more interest in the area. We hope to have the entire block booked up by the end of 2018,” said property manager Evan Miller.
The new leases helped contribute to a decrease in Five Points’ vacancy rate, from around 8 percent to 4.4 percent.
Five Points continues to be one of Birmingham’s top entertainment districts, with Pickwick Place now in the midst of the action. In addition to the new businesses, there is still much in store for the community’s growth in 2018, including more exciting developments and tenants coming soon!