A team of Black real estate developers is making history as they are set to launch a $100 million housing project in Birmingham, Alabama. It will be the city's largest project that will be led solely by African Americans.
Birmingham Mayor Randall Woodfin and the city council have approved an ordinance authorizing the sale and development of approximately 222 acres of land to Green Meadow Apartments, LLC for a purchase price of $1.5 million.
The area, located near Lakeshore Parkway at 1911 Tiger Walk, will be developed into a multi-phased project that will include single-family, multi-family, and senior housing for an estimated 900 residents. There are also plans to include a town center with a grocery store and commercial and retail office spaces. The total investment in this project is said to be $100 million.