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Stimulus Loan Could Fund SS/Retail Space in Birmingham

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  • Stimulus Loan Could Fund SS/Retail Space in Birmingham

    Main Street Birmingham Inc. is seeking a $1 million stimulus loan to develop a mixed-use retail property that will include self-storage in downtown Birmingham.

    A currently vacant 54,000-square-foot store will be turned into climate-controlled self-storage. Thoughts?
    John Carlisle
    Community Manager Emeritus
    Still a Big Fan of Self-Storage!
    www.chicagoprowriter.com

  • #2
    Calling a big box conversion 'stimulus' seems quite a stretch. It's good that a vacant building will have a tenant and have long thought that such properties are a good fit for storage but this doesn't pass the smell test, not with so many developers and owners begging for, but not receiving, financing. Just how connected is the B'ham developer?

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