Birmingham Construction Pipeline 2Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

4,104 Units

Planned

2,493 Units

Under Construction

1,107 Units

UC/Lease-Up

1,421 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Birmingham Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
13 - MeadowbrookWhitby Birmingham, The120 Whitby LaneBirminghamAL35242321UC/Lease-up
4 - Birmingham - eastStation at Crestline Heights, The800 Montclair RoadBirminghamAL35213277UC/Lease-up
1 - Birmingham - centralMarshall on 5th, The1300 5th Avenue SouthBirminghamAL35233160UC/Lease-up
1 - Birmingham - central600, The600 19th Street NorthBirminghamAL35203404UC/Lease-up
1 - Birmingham - centralRISE Red Mountain1110 Beacon Pkwy EastBirminghamAL35209259UC/Lease-up
Will Walker RoadM-Class Blvd & Will Walker RoadVanceAL35490120Prospective
1 - Birmingham - central1922 2nd Avenue South1922 2nd Avenue SouthBirminghamAL35233100Prospective
1 - Birmingham - centralHighland Avenue2230 Highland AvenueBirminghamAL35205275Planned
1 - Birmingham - centralRailyard, The2216 1st Avenue SouthBirminghamAL35233135Prospective
1 - Birmingham - centralSilos, The1130 2nd Avenue SouthBirminghamAL35233315Prospective
1 - Birmingham - centralTracks, The2400 1st Avenue SouthBirminghamAL35233273Under Construction
1 - Birmingham - centralUSA Economy Lodge Redevelopment400 Beacon Pkwy WestBirminghamAL35209193Prospective
2 - FultondaleF.D. McArthur School Redevelopment2416 17th Avenue NorthBirminghamAL35234100Prospective
2 - FultondaleStar at Uptown, The1600 Carraway BlvdBirminghamAL35234180Planned
4 - Birmingham - eastTom Brown Village Redevelopment4165 5th Court NorthBirminghamAL35222250Prospective
6 - Hoover - north2865 Old Rocky Ridge Road2865 Old Rocky Ridge RoadBirminghamAL35243198Prospective
6 - Hoover - northColina Hillside1121 Colina StreetBirminghamAL35243475Planned
6 - Hoover - northColina Hillside2328 John Hawkins PkwyBirminghamAL35244475Planned
6 - Hoover - northTributary Rise Phase II3090 US Highway 280BirminghamAL35243100Prospective
7 - Hoover - southPrinceton WayPreserve Pkwy & Princeton WayHooverAL35244100Prospective
7 - Hoover - southRiverwalk Village250 Riverchase Pkwy EastHooverAL35244597Prospective
8 - Birmingham - west195 Oxmoor Road195 Oxmoor RoadBirminghamAL3520969Planned
8 - Birmingham - west55 Bagby Drive55 Bagby DriveBirminghamAL35209169Prospective
8 - Birmingham - westColina West Homewood80 West Oxmoor RoadBirminghamAL35209310Planned
8 - Birmingham - westElyton Village Redevelopment31 4th Court WestBirminghamAL35204100Prospective
8 - Birmingham - westGreen MeadowsMelbourne Circle & Readers - Gap RoadHooverAL35226100Prospective
8 - Birmingham - westMilan Court2800 Milan CourtBirminghamAL35211294Planned
8 - Birmingham - westVue on Prince, The3128 Prince AvenueBirminghamAL3520871Under Construction
10 - GardendaleBermuda EstatesFieldstown Road & Odum RoadGardendaleAL35071100Prospective
13 - MeadowbrookHeights at Inverness, The42 Inverness Center PkwyBirminghamAL35242289Prospective
13 - MeadowbrookOak Mountain HeightsDouble Oak Drive & US Highway 280BirminghamAL35242188Prospective
13 - MeadowbrookTapestry 2804641 US Highway 280BirminghamAL35242300Prospective
14 - Columbiana1534 Holland Trail1534 Holland TrailAlabasterAL35007160Prospective
16 - BessemerJuanita Hill Place500 35th Street SouthBessemerAL3502060Prospective
18 - Walker CountyHarper BendDarty Lane & The Mall WayJasperAL3550456Prospective
24 - Tuscaloosa - northHighland Park at North RiverCedarbrook Drive & Rice Mine Road NETuscaloosaAL35406183Prospective
24 - Tuscaloosa - northLou's LandingForest Oaks Lane & Rice Mine Road NETuscaloosaAL35406191Prospective
24 - Tuscaloosa - northNorthriver Commons1750 Commons North LoopTuscaloosaAL35406225Planned
25 - Tuscaloosa - westLife on Fourth2104 4th StreetTuscaloosaAL3540190Planned
1 - Birmingham - centralEdgehill at Southtown24th Street South & University BlvdBirminghamAL35205560Under Construction
1 - Birmingham - centralEdgehill at Southtown2401 8th Court SouthBirminghamAL35205203Under Construction
8 - Birmingham - westSmithfield Court Redevelopment150 Reverend Abraham Woods Jr BlvdBirminghamAL35204100Planned

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METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder
Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder
Nate-Ulepich

Nate Ulepich

Director of Revenue Operations and National Team Coordinator
Brett

Brett Meinzer

Managing Director
Thomas

Thomas Skevington

Senior Advisor
Kyle

Kyle Winston

Senior Advisor
Chris Wilson_2023

Chris Wilson

Associate Advisor

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