Nextec

Birmingham,
AL
(2022)

Nextec

Historic Rehabilitation, Incubator

Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.

Investment

NMTC Amount: $11,500,000
Total Project Cost: $11,210,000

IMPACT

121 FTE jobs
53 construction jobs
The project also retains a total of 83 existing jobs.
47,438 sq. ft. of real estate

CDEs

Dudley Ventures, United Bank of Alabama

Investor

Truist

Project Description

Located in a highly distressed area of Birmingham, Alabama, Nextec will renovate and restore the vacant 47,000 square foot 90-year old historic Edwards Motor Company and create flexible work space and collaboration areas designed for earlier stage companies, particularly in the fast-growing technology sector. Nextec’s sponsors have a public/private partnership with Rev Birmingham, an economic development group aimed at driving growth in downtown Birmingham through impactful development.

MAP

Address: 1531 Third Avenue North, Birmingham, AL 35203

Census Tract: 1073002701

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