Project type: Value-add, Redevelopment
Project value: > $11mm
Project size: 59,000 square feet
CGB acquired Bama Bowl and the surrounding center in 2013 because of its proximity to the University of Alabama and the intrinsic value of the underlying land. Purchased with an intent to hold and optimize cash flow, the property is now being examined for future uses including current discussions with large retailers to ground lease the property as well as potential hotel and/or residential development. The master plan for the valuable site is still evolving.