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.
Join Young Pioneers of Birmingham, in support of REV Birmingham, on Thursday, June 6 for a discussion about the Importance of Place with the Alabama Futures Fund, hosted at downtown Birmingham’s brand new Harvest Market!