The Battery Phase II project, a multi-use commercial space in Birmingham’s Automotive Historic District, is underway again thanks to an investment from Addicus Private Equity.
The project had been delayed during the pandemic, but the original contractors have gone back to work on it.
“What seemed like a project full of unstoppable momentum quickly slowed with the multitude of world events,” said Ward Neely, developer of the project. “Fortunately, I met the Addicus team around that same time, and the chaos of COVID opened the door for an immediate partnership. I am thrilled to be partnering with a team of highly sophisticated financial and private equity professionals. It’s a perfect marriage that allows me to focus on what I do best.”
The Battery is a redevelopment of Birmingham Electric Battery Company buildings at Second Avenue South and 22nd Street in downtown Birmingham. It features a 22-room boutique hotel, multiple restaurants and retail areas, as well as commercial office space. Once its space is complete, Addicus will move its Birmingham office from Five Points South to the Battery.
The first phase of the Battery, across the street from Battery Phase II, opened in 2018.