admin / September 2, 2018
By Kathy Jumper | al.com
A local investment group paid $350,000 for 2.46 acres on Ala. 161 and Rose Lane in Orange Beach and plan to develop an office building on the property, according to Jay O’Brien of J.L. O’Brien & Associates.
Island Granite paid $750,000 for more than 2 acres at the northeast corner of Ala. 59 and County Road 10 in Foley, according to Frank Malone of Bellator Real Estate & Development, who represented the seller. The property is across the highway from the Shell service station and there are two single-family homes and a 3,200-square-foot warehouse on the property. Raquel Caudle of Bellator Real Estate & Development worked for the buyers.
Resicum International has leased 2,500 square feet of space at 750 Commerce Park Drive in the business park at Jack Edwards National Airport in Gulf Shores, according to David Swiger of Swiger & Company Realtors. Resicum is a government services and commercial aviation contractor.
Investors paid $750,000 for a circa 1920s house at 51 S. Church St., near De La Mare Avenue in Fairhope’s business district, according to public records. Tommy Harris of Coldwell Banker Reehl Propertiesrepresented the seller. The three-bedroom, three-bath house previously served as a bed and breakfast. The property includes a garage apartment.
Developers are planning a mixed-use residential project with 575 units on 83.4 acres on the west side of Gulf Shores Parkway just south of West 36th Avenue in Gulf Shores, according to city planners. The Planning Commission has recommended approving the rezoning of the wooded acreage to a PUD, planned unit development. The project dubbed The Lake tract, would include apartments, single-family homes, attached villas and cottages.
Local developers are seeking preliminary approval to rezone 42.67 acres on the north end of Summer Salt Plaza Boulevard in Orange Beach to develop 54 single-family home lots and 58 cottage lots, according to the planning commission. The property is off Perdido Beach Beach Boulevard north of The Ruby Slipper Cafe andFlipdaddy’s Burgers & Beer. The land behind the restaurants is currently zoned general business.
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