Plans to renovate the former US Post Office building at 317 20th Street North got a major boost in November when the project was awarded an allocation of State Historic Tax Credits made available when one of the projects originally awarded was unable to move forward. Now work is underway to transform the property, historically called Exchange Bank, for new office uses.
The Miami-based company that owns the building is partnering with Harbert Realty to rehab the 21,000 square foot property and market it to commercial office tenants. Interested in an address in the heart of the Financial District? There’s an exterior signage opportunity available for the anchor tenant! Contact Charlie Norton for more information.
The state historic tax credit has been a crucial financing tool for projects like Pizitz, TJ Tower, and now The Post, to move forward. REV has joined with other organizations across the state to work for restoration of the program during this session of the state legislature. We’re also working with this property owner to layer historic tax credits with other potential incentives, so this long-vacant property can bring jobs and vibrancy back to downtown’s main street.
At REV, we also love seeing the added vibrancy on the street as patrons enjoy outdoor dining in our beautiful city. As indoor dining reopens, cities across the country are realizing that ending expanded outdoor dining could mean leaving money on the table.
Although the Greyhound Bus Terminal was renovated in the ’70s, many original elements of the building remained and have now been become historic highlights in the present-day adaptive reuse project. Join us on a photo tour of the historic space!
This is obviously good for downtown… but why *exactly*? Here’s REV President & CEO David Fleming’s take on what the move means for downtown Birmingham’s place in the world now and in the future.