Claude Tindle with Longleaf Realty Partners assisted this pediatric medical provider in the relocation and redevelopment of 1 lot and three buildings in the 2300 block of 7th Avenue South. The provider had been located on 22nd Street since the 1960’s and the partnership did not want to move far from their original location that had been acquired by St. Vincent’s Hospital.
Dilemma: How can the medical practice remain in their urban location and acquire enough property to have adequate parking for patients?
Value Proposition: A property search started within a mile radius of their current practice and a half of a block was identified within six blocks of their current practice. Claude brought in Williams Blackstock Architects and Dunn Building Company and redeveloped the property which was a former car dealership. One building was occupied by a furniture restorer, the parking lot was vacant and two buildings were vacant. The Landlord renewed the lease in the occupied building and redeveloped the 9,000 square foot building into a 5,000 square foot medical clinic. The non-occupied building was converted into covered parking and the vacant lot and alley behind the property was utilized as a vacant lot for employee parking and patient overflow. In addition, we developed the property to qualify for historic tax credits to make the value proposition for the client to afford the rent in the redeveloped property.
Claude Tindle along with Dunn Building Company and Williams Blackstock redeveloped a four parcel property on Birmingham’s Southside into a 9,000 square office with a 4/1000 parking ratio.