Since the start of 2023, Birmingham-based developers have begun more than $28 million worth of renovations and construction in the area.
Local contractor Brasfield & Gorrie was the largest commercial licensee so far in January. The company is currently working on three projects totaling nearly $4 million.
These projects include the conversion of the Southern Research Institute building, the addition of a building to the Southern Research Institute, and the conversion of the Independent Presbyterian Church on Highland Avenue.
Representatives of the Southern Institute did not respond to a request for comment on the new building.
Last year, the city saw more than $183 million in commercial investment and business development.