admin / July 15, 2018
by Kathy Jumper, al.com
Out-of-town developers paid $765,625 for a one-acre parcel in the 800 block of Schillinger Road South in west Mobile, and plan to build a Panda Express restaurant, according to Kenny Nichols of Vallas Realty, who represented the buyer. The lot is adjacent to Cracker Barrel restaurant.
Whataburger developers paid $975,000 for 1.74 acres off Rangeline Road in Rangeline Crossing in the Tillman’s Corner area of Mobile, according to Vallas Realty, who represented the sellers. Aaron Solomon of Capital Growth Real Estate worked for the fast-food chain. Rangeline Crossing is an 84-acre mixed use development at Rangeline Road and Interstate 10. It will also be home to Foosackly’s restaurant, Sherwin Williams Home Decor Center, a 60,000-square-foot Veteran’s rehabilitation facility and others to be announced soon.
Brackin and Johnson, P.C. has leased 2,457 square feet of office space at 455 Magnolia Ave., in downtown Fairhope, according to Jeff Barnes of Stirling Properties, who handled the transaction. The new Class A office building is now 90 percent leased and tenants include Kopesky & Britt, LLC, Fairhope Title Services, and Altaworx, LLC.
Changes Hair Studio has leased the former Allstate building at 1501 U.S. 98 in Daphne, according to Colby Herrington of Herrington Realty handled the transaction.
Gourmet World Market, a grocery store featuring international and specialty foods, has opened in Pelican Place Shopping Center at 3800 Gulf Shores Parkway in Gulf Shores.
The Gulf Shores City Council is expected to approve a project development agreement this week with D.D. Partners, the group planning to build a 229-room Embassy Suites hotel on 1.93 acres owned by the city at the corner of West Beach Boulevard and West 1st Street. The $85 million hotel project will include a restaurant, street-front retail shops, a 23,000-square-foot outdoor rooftop with pool, bar and lounge overlooking Gulf Place beachfront. The hotel will also feature conference space, a ballroom, indoor pool and fitness center. The private-public agreement includes D.D. Partners paying the city $1.2 million cash to be used by the city to build 150 additional public parking spaces in the beach district.Previous  Next »