Chance Partners’ mixed-use development provides downtown Tuscaloosa with first riverfront community
TUSCALOOSA – Come this fall, the site of an old Chevrolet lot along the banks of the Black Warrior River will reopen as a vibrant, mixed-use community in downtown Tuscaloosa – providing residents and visitors with pedestrian-friendly access to new living, dining and shopping options.
Construction on the $42 million Riverfront Village project is well underway and slated for completion in August, just in time for the fall return of University of Alabama’s student population. Spearheaded by Chance Partners, an Atlanta-based real estate firm that specializes in urban development, the community adds to an evolving entertainment district being erected along the riverfront.
“Riverfront Village will provide a unique place where neighbors can live, work and play – all without having to get in a car,” said Judd Bobilin, CEO & President of Chance Partners. “We are dedicated to leading the way in walkable urban infill design and this community is the latest example. Downtown Tuscaloosa is undergoing a significant revitalization and we are thrilled to be a part of that progress.”
Located adjacent to the Tuscaloosa Amphitheater – and approximately one mile from the university – the 7.5-acre development along Greensboro Avenue encompasses five different buildings, combining 195 luxury apartments, townhomes and more than 30,000-square-feet of commercial space. The dynamic multiuse project features an array of unique amenities including a resort-style pool, exclusive health club and yoga studio, covered parking and a three-story club house and “SkyClub” – complete with an indoor lounge and outdoor patio overlooking the river. In addition, residents will benefit from access to on-site Crimson Ride and Tuscaloosa Trolley shuttle stops, as well as the city’s first bike share program.
Leasing has already begun and developers are fielding interest from potential residents and commercial tenants alike. With the help of Retail Specialists, Inc., Chance Partners is currently in negotiation with several different businesses, but Bobilin anticipates the future Shops at Riverfront Village will soon provide a high-end mix of restaurants, coffee shops, retail stores, boutiques and salons.
Also responsible for the Townhomes at Metal Works, Boulevard Lofts and Green Bear Lofts – three luxury apartment communities in Tuscaloosa – Chance Partners has developed mixed-use properties in college towns across the South, including Athens and Savannah, Ga., Oxford, Miss., and Tallahassee, Fla. To create Riverfront Village, Chance Partners teamed up with prominent architectural firm The Preston Partnership – nationally known for designs including Atlanta-based Spire Midtown and Emory Point – and J.M. Wilkerson Construction, the contractor behind Atlanta’s notable The Aramore and 92 West Paces developments.
For more information on leasing a residence or commercial space, visit www.riverfrontvillage.com or check the development’s Facebook, Twitter or Instagram pages. You can also call 205.727.8400 or stop by the leasing office at 2107 University Blvd. in Tuscaloosa.
