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Birmingham, AL (2022)

Nextec

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

Investor

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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