Business & Tech
New Developer In Line To Buy Brookwood Village
After Collier's Alabama and Arlington Properties backed out of a redevelopment for Brookwood Village, a new buyer has emerged.
HOMEWOOD, AL — After a previous plan to redevelop Brookwood Village fell through, another company has stepped up to buy the mall. Fairway Investments has had the shopping mall under contract for about three months, according to the Birmingham Business Journal.
Colliers International of Alabama and Arlington Properties submitted plans to the Homewood City Council in October that would have redeveloped the mall into a mixed-use development, but the companies have since backed out of the project.
Brookwood Village, named because it sits within the Mountain Brook and Homewood city limits, opened in 1974. It was purchased in 1997 by Colonial Properties and renamed Colonial Brookwood Village.
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In the last year, several stores and restaurants in the mall have closed, including Books-A-Million, Brio, Ann Taylor Loft and Jason's Deli.
Read more about the future of Brookwood Village in the Birmingham Business Journal.
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