New Developer In Line To Buy Brookwood Village

Mountain Brook AL

16 July, 2021

10:31 AM

Description

HOMEWOOD, AL — After a previous plan top redevelop Brookwood Village fell through, another company has stepped up to buy the mall. Fairway Investments has had the shopping mall under contractfor about three months, according to the Birmingham Business Journal. Colliers International of Alabama and Arlington Properties submitted plans to the Homewood City Council in October that would have redeveloped the mall into a mixed-use development, but the companies have since backed out of the project. Brookwood Village, named because it sits within the Mountain Brook and Homewood city limits, opened in 1974. It was purchased in 1997 by Colonial Properties and renamed Colonial Brookwood Village. In the last year, several stores and restaurants in the mall have closed, including Books-A-Million, Brio, Ann Taylor Loft and Jason's Deli. Read more about the future of Brookwood Village in the Birmingham Business Journal.