On March 5, developer Ed Ticheli introduced that the $24 million redevelopment of the eye-catching American Life Constructing in downtown Birmingham formally reached its midway level. That’s proper—the upgraded constructing is slated to open later this yr.
A Birmingham Landmark
The 12-story, 84,000 square-foot residence constructing was constructed in 1925 to be able to maintain workplace house. And good timing, too—for the reason that outdated Birmingham Metropolis Corridor had a large hearth, many metropolis departments quickly moved their places of work into the American Life Constructing.
Within the mid-1900s, the Birmingham division of the FBI used the constructing as their headquarters. Though the American Life Insurance coverage Firm used the constructing as their headquarters for 12 years, the proprietor finally declared chapter in 1983. Since then, the constructing was solely used as doc storage.
Though a number of redevelopment plans got here and went all through the years, it wasn’t till 2018 that the undertaking gained traction. Proprietor Ed Ticheli proposed a multi-million greenback redevelopment, to be able to convert the construction into reasonably priced workforce housing.
With the intention to assist finance the redevelopment, Ticheli secured over $three million in Historic Preservation Tax Credit from Alabama. Moreover, BIG Partnership, AlabamaSAVES and the Metropolis of Birmingham have invested within the undertaking as properly.
As of March 5, the staff has already began framing and placing up drywall in every of the residences. As soon as full, the undertaking will provide 140 studio, one- and two-bedroom residences. These residences will vary from $700 to $1,100 a month. 5 of the residences can be reserved for The Dannon Mission to lease to its shoppers as properly.
This residence complicated can be very centrally situated close to the center of downtown—and let’s not overlook, the residence has an unobstructed view of the Magic Metropolis 😍