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.
Related News
-
Main Street Now shines a spotlight on the Magic City
Filed Under: Downtown Birmingham, Events, Front Page, Get Involved, Potential-Proving, Yaysayers
You may notice some new faces exploring downtown Birmingham early next week. Nearly 1,900 leaders in commercial district revitalization from across the country will convene from May 6-8 for the 2024 Main Street Now Conference.
-
Why we say yay to two-way streets
Filed Under: Developer, Downtown Birmingham, Filling Vacant Spaces, Front Page, Transportation, Yaysayers
REV Birmingham is a long-time advocate for making the switch to two-way streets downtown, and this is something recommended by planners studying our downtown for years. In fact, the team that developed the 2004 City Center Master Plan recommended many street changes but noted 4th Avenue North conversion should take place “immediately.” We believe this project is a catalytic moment for Birmingham – but you may find yourself wondering why that is.
-
The Key Tool for Urban Revitalization: Downtown BHM's Business Improvement District
Filed Under: Business-Proving, Developer, Downtown Birmingham, Front Page, Get Involved, Potential-Proving, Why BHM
By the time REV took on BID management in 2018, downtown had a new set of needs from its BID. Downtown Birmingham in the ‘90s had a population mainly of 9 to 5 employees. But the downtown of 2018 had a whole new population of residents and visitors throughout the day and night. We had new opportunities to create positive experiences, inviting them into more downtown businesses and public spaces, and to keep them coming back for more.