Homewood apartments sell for $17.8 million, Baldwin Mega Site still seeks tenant

Homewood apartments sell for $17.8 million
City Heights Homewood, a 278-unit apartment complex in west Homewood, was sold for $17.8 million to Tamrak Management and Northway Equities. The new owners plan upgrades to the property, which was built in 1976. – AL.com

Baldwin Mega Site still seeks tenant
Nine years after Baldwin County made a $32 million investment in the 3,000-acre South Alabama Mega Site. Today, it’s ready for a tenant, but it still stands empty. Officials say the search for a tenant will eventually pay off in a big way. – NBC 15

Redstone Arsenal expansion will be FBI’s tech hub
The Federal Bureau of Investigation sites under construction at Huntsville’s Redstone Arsenal will eventually employ 3,400 and be the FBI’s “epicenter of technology development.” The FBI is building two different campuses on the site, including two technology buildings and an innovation center that should be complete in 2024 and 2025. – Construction Equipment Guide 

Lakeshore Foundation CEO to retire
Jeff Underwood, longtime president and CEO of Birmingham’s Lakeshore Foundation, is retiring after 30 years at the helm of the nonprofit known for its fitness and rehabilitation facilities. Underwood has been Lakeshore’s first and only president.  – Homewood Star

Guntersville’s City Harbor development announces restaurants
Big Mike’s Steakhouse and La Esquina Cocina are coming to Guntersville’s new City Harbor development. Expected to open in spring 2022, the $15 million development will also include Another Broken Egg Café, The Wake Eatery and The Southern Brewers Co-Operative. – News 19

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