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May 2015 • A3

City Servis1st considers moving headquarters to Homewood

Servis1st Bank proposes to put its corporate headquarters on Woodcrest Place.

By SYDNEY CROMWELL Representatives from Servis1st Bank shared their plans to relocate the bank’s corporate headquarters within the city of Homewood at an April 20 finance committee meeting. Servis1st has made an offer on a property on Woodcrest Place, near the U.S. 280 and Highway 31 interchange. The 4.5-acre lot would become home to a five-story building, parking and landscaping that the representatives said would have a “corporate campus” feel. Currently, the company has around 150 employees at its Mountain Brook headquarters, but the representatives projected an additional 100 employees being hired at the headquarters in the next several years. City council chairman Bruce Limbaugh said the project would be an economic bonus for the city, with estimated construction costs of $25

to 30 million and an annual economic impact of around $4 million. The Woodcrest Place property currently does not have a business located there and is not bringing in income. Servis1st is asking the city for an incentive package with ad valorem tax abatement to encourage their selection of the site. Limbaugh and both Ward 1 representatives, Michael Hallman and Britt Thames, expressed their support of the project at the meeting. “It really is going to be about as good as it gets for years from now when my grandchildren are still in the city,” Limbaugh said. The plans for the headquarters were to be brought before the full council at its April 27 meeting for approval. Council members will study the details of the incentive package in preparation for that vote.

Plans for ‘Broadway’s triangle’ houses move forward

This sketch shows how the homes on the Broadway Triangle property are likely to look.

By SYDNEY CROMWELL Edgewood residents meeting were overwhelmingly in favor of a proposal to build five houses on the triangular property at 902 Broadway Street at the April 7 planning commission meeting. Real estate investor and Homewood resident Chris Tucker brought the plans before the commission to gain approval to divide the lot into six parcels. He brought with him 18 supportive letters and 33 signatures from area residents, as well as multiple residents who recommended the plan in person. City council liaison Fred Hawkins said he had never seen such strong support for a development in his time on the commission. Tucker said the reason for his success was the time he spent going from door to door in Edgewood, talking to every homeowner who could see the property from their houses. He showed them his plans, answered questions and used some of their concerns to improve his proposal. “I think that really helped get them on board. They felt like they were part of the project,” Tucker said. The Broadway property, located across from GianMarco’s, has been the subject of

community ire over previous proposals to build an office or a condo development. Many residents lobbied for the property to be purchased by the city and become a “pocket park,” but the measure ultimately failed. The planning commission approved Tucker’s division of the property, and it will be professionally resurveyed to be divided into six lots. He said it will take him about a month to close on the property, but will soon begin working on floor plans. The five houses will be one-and-a-half stories and between 1,100 and 1,700 square feet. The exterior will be designed in a craftsman style that Tucker said will fit in with the surrounding homes, and each will have its own parking. Off-street parking on Saulter Road will not be disturbed. There are no definite buyers yet, but Tucker said he has received some interest. “They’re very much in line with the average houses in Homewood,” Tucker said. After closing on the property, the next step will be demolishing the existing home and removing trees on the property. His ideal timeline is to start construction is in about two months, but he’s not sure yet if that will be possible.

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The Homewood Star May 2015  

news, sports and community news source for Homewood Alabama

The Homewood Star May 2015  

news, sports and community news source for Homewood Alabama

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