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Prime property sells for mega bucks in Fairhope

admin  /   October 7, 2018

By Kathy Jumper | al.com

Local investors paid $5.4 million for 76 acres fronting the west side of Ala. 181 in Fairhope, according to Allan R. Cameron Jr. and Niki Coker of NAI Mobile, who represented the sellers. The property stretches from Gayfer Road to Fairhope Avenue along Ala. 181. The buyers have not decided on future plans for the land.

West Florida Regional Medical Center paid $1.1 million for 3.7 acres on U.S. 90 in Pace, Fl., according to Vallas Realty. The original tract had more than 80 acres and two parcels of 25 acres and 19 acres for retail or multi-family development are available. The land is near a proposed new school and split by a proposed three-lane road from Hamilton Bridge Road to U.S. 90.

PSM, Your Community Pharmacy, has leased 4,800 square feet of space in Fulton Square at the southwest corner of Knollwood and Grelot roads in west Mobile, according to Tim Herrington of Herrington Realty, who represented the locally-owned pharmacy and retail store. John Reeves of Reeves Realty worked for the landlord.

Developers are seeking planning approval to build a boat and RV storage facility on 6.96 acres at 27045 and 27085 Canal Road in Orange Beach, according to city records. The facility would include a 40,000-square-foot building.

Developers are seeking planning approval to add two buildings to the existing shopping center at Old Shell Road and N. McGregor Avenue in Mobile, according to the Mobile Planning Commission. A new, two-story, 10,402-square-foot building would front Old Shell Road and a new, 20,574 square foot building would front McGregor Avenue. The center would then have a total of 144,281 square feet of commercial space.

The city of Gulf Shores plans to buy the Huggers Landing/Oyster Bay Volunteer Fire Department building at 19290 Oak Road for $190,000, with the funds to be paid in three installments to Oyster Bay, according to city records. The area covered by Oyster Bay volunteers has been annexed into Gulf Shores. Gulf Shores Fire and Emergency Services has been sharing the building with Oyster Bay.

Turnberry Crossing subdivision developers plan to add 75 more lots on 19 acres off Baldwin County 20 just east of Hickory Street in Foley, according to city records.

Developers have again asked the city to reactivate site plans for Renaissance Tower, a 20-story, 49-unit condominium project on a gulf-front lot at 1165 West Beach Blvd., across from Waves Grocery & Package Store, according to city officials. The original plans were approved by the city in 2006.

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