Will KadishCreating places for people to gather and communities to flourish.
Arbor Terrace, A Multi-Use Development in Birmingham, Alabama, Announced
Multi-use development coming to former Trinity Medical Center site in Birmingham, Alabama. “Arbor Terrace” to include corporate campus, single-tenant buildings and luxury condominium space.
BIRMINGHAM, Ala. – March 30, 2020
Birmingham Metro LLC, a Lawrence Kadish and Will Kadish entity, today announced the development of a new multi-use campus at the former Trinity/Baptist Montclair Medical Center site. “Arbor Terrace” will span 75 acres, extending along Montclair Road from Dan Hudson Drive South to 52nd Street South, and will be the home for a corporate headquarters and multi-use campus with residential, medical and community-oriented retail and café spaces.
Birmingham Metro LLC identifies strong communities with high-value growth potential for its key initiatives. Stadium Trace Village in Hoover and The Landing in Opelika are the company’s other developments in Alabama.
Overlooking Crestline Village, Mountain Brook and the Highway 280 corridor to the south, Arbor Terrace offers immediate access to both the I-459 and I-20 corridors. The development will present over 300,000 sq. ft. of fully renovated buildings with all-new infrastructure, including high-speed elevators, advanced life-safety systems, modern architectural design features and easily-accessed covered parking (1,700 sizeable spaces). In addition, preferred developers will have options on five graded building pads (ranging from four to 17 acres) for sale or joint venture to add further synergies to the site.
From an elevated 30-acre platform embedded in Red Mountain, the campus boasts stunning mountain views and healthy lifestyle amenities: new and expanded nature trails, a private indoor golf range, an expansive central courtyard with an inviting green space for exclusive outdoor exercise and relaxed, well-spaced networking. Professionals, residents and guests will enjoy the exceptional scenery and the convenience of the community retail shops and fine eateries.
Duluth Trading property at Hoover’s Stadium Trace Village sells for $5M
Stadium Trace Village, our Broad Metro Commercial Real Estate development in Hoover, Alabama, continues to add new businesses and restaurants. Duluth Trading opened its doors to Hoover and Birmingham area residents in late 2019. The Hoover Duluth Trading store occupies 15,000 square feet at Stadium Trace Village, where it offers workwear and casual apparel for men and women.
In February 2020, the Duluth Trading store location sold to a real estate investment trust based in Arizona, VEREIT Real Estate LP, for a reported 5.144 million. VEREIT (NYSE: VER), owns and manages retail, restaurant, office and industry properties that have long-term net leases with high-credit tenants.
Stadium Trace Village, developed by Will Kadish of Broad Metro Commercial Real Estate continues to grow with new tenants like Big Whiskey’s, Chipotle, Edgar’s Bakery, O’Henry’s Coffee, Longhorn Steakhouse, Arby’s and Sleep Number.
Related Article: Birmingham Business Journal
Will Kadish Leads Stadium Trace Village Team
Update: Stadium Trace Village is welcoming the opening of new businesses and restaurants. Grocery chain Aldi led the way with a 22,220-square-foot concept store that opened in December 2018. UAB Medicine and Duluth Trading opened in 2019. More recently, restaurants including Culver’s, Super Chix and Smoosh opened. More restaurants and destinations like O’Henry’s Coffee, Edgar’s Bakery, Chipotle, Big Whiskey’s, Arby’s and Longhorn are opening soon.
Plans are well underway for Stadium Trace Village, a medical and “Main Street”-style shopping center at the intersection of John Hawkins Parkway and the I459 Stadium Trace exit 10 in Hoover, Alabama.
Will Kadish, a New York-based developer, is leading the Broad Metro, LLC project and teaming with local “Greater Birmingham” offices for its engineering, construction, architecture, landscaping designs and legal.
“The development will encompass a 39,000-square-foot world-renowned medical office, as well as a 32,000-square-foot ‘Main Street’ Village,” Kadish said. “The Village component will offer five restaurants featuring patios and breezeways, a local coffee shop/bakery and local boutique type stores and ground floor offices. Additionally the outparcels will include a sports-themed restaurant and a new prototype organic grocery among other high quality community-related retail offerings.” The anchor space will be a best-in-category and likely experiential type operator that Kadish says, “its patrons should thoroughly enjoy.”
Kadish added, “Because we are featuring prominent pads to house new prototype facilities and will implement a Village Main Street plan, we will be set apart from the typical power center and won’t be competing with 2nd generation space i.e. not taking away anchors from other existing Hoover shopping centers.”
Grading is currently underway on the project with vertical construction slated to begin in February 2018. Opening is projected for late Fall of 2018.
Kadish expressed his excitement about the Hoover location. “There are great people here, and it’s a pro-growth city with vision. We were impressed by the potential for acceleration of growth and wanted to bring the best-in-quality stores to match one of the best U.S. communities,” Kadish said.
Broad Metro is investing over $20 million in horizontal costs, such as grading, infrastructure, roads, erosion control and landscaping, and the project is being developed at no cost to the City of Hoover.
“We will recoup our investment from sales tax sharing after it is all built over an approximate ten-year period. However, the risk is all on us, and the City only stands to gain from the road and infrastructure improvements including replanting of trees and the anticipated sales tax and increased real estate tax revenue,” Kadish added.
Related Article: Hoover Sun
Will Kadish’s Latest Project Keeps in Step with Development Trends
Stadium Trace Village in Hoover, Alabama, a nearly 200-acre site developed by Will Kadish of Broad Metro, Inc., is an example of a key trend shaping commercial real estate development today – creating community.
The Main Street-style design moves away from traditional strip-mall shopping center design toward a sense of place. It feels like part of the neighborhood. Instead of attracting visitors solely for just quick purchases, it provides leisurely experiences.
“The project has been designed to encourage a health and wellness-focused lifestyle,” Will Kadish said. “From a tenant mix offering locally-based businesses, ALDI’s sustainable store concept and the UAB medical office building to a landscape design with shade trees, native plants, pocket parks, and pathways, Stadium Trace Village is crafted to bring walkability and connectivity. The sense of community is enhanced further by a line-up of Alabama’s favorite restaurants complemented by National Best in Category fast casual eateries.”
The development located at the intersection of HWY 150 and I-459 is already taking shape as the urban, walkable village envisioned by Kadish and his team. “Hoover has a lot of charm, and we wanted this development to enhance the quality of life for this wonderful city,” Will Kadish said.
In addition to the Broad Metro project, Will Kadish serves as Executive Director of Development for Lawrence Kadish Real Estate, a New York-based firm. He has been involved in numerous real estate development projects in multiple states over the last 30 years.
Choosing what was best for the community, Kadish worked with ConAgra to purchase the facility they called home in Archbold, Ohio, keeping 350 jobs in the community and making way for plans to expand.
Keeping the Sherwin-Williams distribution center in Effingham, Illinois, was a top priority for city and state economic development officials. Will Kadish was central to the negotiations that achieved their goal.
The beautiful headquarters with an award-winning design was vacated during a liquidation. Instead of subdividing for smaller tenants and damaging the intent of the original design, the owners waited for and found an ideal solution.
A former 50-year-old retail store was demolished to make room for a new Car Max showroom, thanks to a flexible real estate deal focused on the community’s best interest.
About Will Kadish
Will Kadish serves as Director of Commercial Real Estate Development and Disposition for Lawrence Kadish Real Estate, a New York-based firm. He has thirty years of real estate experience.
Among his roles, Kadish has conducted nationwide development leasing and sales for retail and other commercial operators. New development and rehabilitative commercial property projects under his direction span the entire country with more recent focus on Arkansas, Florida, Illinois, New York, Pennsylvania, and now Alabama.
He’s worked with recognized national retail companies like Wal-Mart, CVS, and Sherwin Williams as well as regional grocery, restaurants and single tenant medical.
He serves as Director for Commercial Real Estate Development for Financial Professionals of New York, which is 2,000 member professional organization. He is a former committeeman of the Nassau County, New York, Republican Party, and is a graduate of Nova Southeastern with a degree in Business Administration and received a Juris Doctorate from Shepard Broad Law School.
The latest project, dubbed Stadium Trace Village, by Broad Metro LLC is in the “AAA bond rated” Hoover, Alabama. It is a culmination of his team’s expansive experience and commitment to bettering the surrounding community. In addition to infrastructure and traffic improvements, the mixed use development in Hoover, AL goes beyond “big box” retail stores with its inclusion of a world-renowned medical facility, organic grocer, and full-service hotel - as well as experiential shopping that blends recognizable upscale brands with local eateries and neighborhood shops. For more information, visit http://broadmetro.com.