Alabama backs 65-acre project with housing, shops, medical offices and jobs
Broad Metro LLC has acquired 65 acres in Hoover, Alabama, to complete the third phase of the Stadium Trace Village mixed-use development. The project aims to integrate retail, medical offices, and luxury residential units into a single community hub.
Why it matters
The expansion reflects a growing trend in urban planning toward mixed-use developments that combine commercial and residential utility to drive local economic growth.
An Alabama developer has acquired about 65 acres in Hoover for $4.6 million, securing the remaining land needed for the third phase of Stadium Trace Village, a large mixed-use development that is already reshaping one of the city’s major commercial corridors. Broad Metro LLC completed the purchase on August 17, according to the company and a report by the Birmingham Business Journal. The property had been owned by 11 tenants in common, with real estate broker Lee Willcoxon IV representing the ownership group during the transaction.
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