Year In Preview: Lane Parke’s Phase I tenants to receive spaces in April

Lane Parke’s first group of retail and restaurant tenants is scheduled to receive its new spaces in April. 

Though the buildings will be little more than bare bones, it will be a big step toward opening the spaces to the public, said Todd Becker of Retail Specialists. Construction on the site’s Phase I began following a Sept. 10 groundbreaking ceremony. Becker, a restaurant specialist, said construction is currently on track for the spring delivery. 

From there, the tenants will work on customizing the inside of the spaces. Depending on the workload, he said, the first tenants could open their doors by summer 2016. 

Among those scheduled to fill the 66,640 square-foot space are newcomers — some to the state — CharBar No. 7, Kinnucan’s Specialty Outfitters, The Local Taco, Revelator Coffee and YEAH! Burger. Already-existing Mountain Brook retailers — A’Mano, M&S Interiors and Western Supermarket — are also scheduled to receive their new spaces and begin the move.

Becker said that although Retail Specialists is not quite ready to release the names of other tenants, the public can expect another food and beverage establishment as well as two “unique fashion tenants,” one for men, one for women. 

Once Phase I is complete, Western will move to its new space and the existing Mountain Brook Shopping Center will be torn down up to the existing Rite Aid, Becker said. The pharmacy owners said they will remain in the space until its lease ends in 2019, though Becker said those plans could change now that Walgreens has bought out Rite Aid. 

Phase 2, which will be more women’s fashion and boutique-heavy, should be underway sometime in 2020 following the demolition of Rite Aid. 

Along with the restaurant and retail portions, the $140 million mixed-use project is also comprised of apartments and the Grand Bohemian Hotel, which opened in October. 

“Once complete, Lane Parke will provide exciting new-to-market tenants not just for Mountain Brook, but the entire Birmingham area,” said Becker. Birmingham-based Goodwyn, Mills and Cawood serve as architects for the Lane Parke development. IBERIABANK provides financing for the project.

For the latest on Lane Parke, visit LaneParke.info.