Construction on the second phase of 20 Midtown is nearing completion, and activity in the mixed-use development’s third building is picking up as retailers and residents begin to settle in.
Panda Express, among the first tenants to execute a lease in the new building, opened on August 1st on the corner of 20th Street South and Second Avenue South. Cava is expected to open in about two months.
“I don’t think we’ve talked about this before, but early on when we decide that wanted to have parking and drive-thrus like suburban [areas] did, Scott [Bryant] came up with the term suburban urbanism.”
Dick Schmalz, 20 Midtown developer
Nail Resort has also signed a lease, and several other retail and restaurant tenants are exploring possible lease deals. Overall, the newly developed building is more than 65% leased, and its first apartment residents moved in on Aug. 1.
In response to a growing demand for smaller units, 20 Midtown apartment units range from 420 square feet up to almost 1,800 square feet. In addition to the 111 units in the first and second buildings, the third building includes 325 apartment units with a variety of different floorplans.
In the third building, the residential component including the swimming pool and fitness area are expected to be completed by the end of August. The retail component is expected to be in the lease-up phase for at least the next six months.
“We’re trying to be selective about who we put in the retail to try to fill some additional needs in the area, but also we want to make the retail be what would make our potential residents want to live with us.”
Dick Schmalz, 20 Midtown developer
CCR Architecture and Interiors is the designer, and contractors for project include KKA Construction, ARD Contracting and Arlington Construction. Arlington Properties is managing the residential component while the SRS Real Estate Partners Birmingham office handles the retail leasing. Bhate Geosciences, MTTR Engineers and Gonzalaz-Strength & Associates are also involved.
Learn more in the article published by Birmingham Business Journal.