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What's the latest on the third 20 Midtown building?

What

By Birmingham Business Journal

July 12, 2019

Work on the third building in the 20 Midtown development in downtown Birmingham is expected to restart in about two to three months.

RGS Properties' Dick Schmalz, who is partnering with Scott Bryant of Scott M. Bryant & Co. on 20 Midtown, said construction was delayed after its initial start because the team was exploring various avenues of financing the third building. He said they now have a clear path forward on the financing front.

He said the delay may be a benefit for the development, because the project has been adapted to cater to evolving needs of potential tenants at the project, located at the corner of Third Avenue South and 20th Street.

"If we had gone with the original building plan, it would already be finished, but it wouldn't be as exciting as what we now have planned," he said.

Schmalz said they've reconfigured the apartment mix and the floor plate plan to allow for a wide range of apartment units based on feedback from the first two buildings in the development.

He said the third building will now have 312 total units – up from the 246 that were initially planned. The average unit size will be smaller that the first two buildings with more smaller units to choose from – a change based on requests developers were getting from tenants.

Schmalz said there will be a broad spectrum of unit sizes to choose from, including some larger units, as well.

Additionally, he said all of the retail spaces will have the ability to add a second floor and there will also be a mezzanine parking level that offers on-grade access to the second floor. Retail tenants for the third building have not yet been announced, but tenants for the first two buildings included Publix, Starbucks and Chipotle.

Ard Contracting and Arlington Construction are the builders. CCR Architecture & Interiors is the architect on the project, which is one of several multifamily projects in the works in and around the booming Parkside District.

20 Midtown itself has been a catalyst for much of that activity by bringing Publix to downtown Birmingham.


This article originally appeared in the Birmingham Business Journal.