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NEW PARK DEVELOPMENT

Neighborhood Center Montgomery, Alabama

Overview

NEW PARK DEVELOPMENT IS A MASTER PLANNED COMMUNITY IN THE RIVER REGION. THE DEVELOPMENT OFFS ASSISTED LIVING SITES, MULTIFAMILY SITES, SINGLE FAMILY SITES, COMMERCIAL SITES AND RETAIL SITES INCLUDING A 52,000 SF NEIGHBORHOOD CENTER PROJECTED TO OPEN IN FALL 2027. THE CENTER WILL OFFER A GROCERY STORE, SHOP SPACE AND OUTPARCELS.

Our Services

  • Built to Suit

    Built to Suit

  • Commercial Real Estate

    Commercial Real Estate

  • Construction Management

    Construction Management

  • Development

    Development

  • Leasing

    Leasing

  • Property Management

    Property Management

  • Site Selection

    Site Selection

Highlights

52,000 SF
Total Gross Leasable Area
Fall 2027
Projected Opening

 

Type of Center:  52,000 sf neighborhood center located in New Park offering a grocery store, shop space and outparcels

The Development:  New Park is a master-planned community in the River Region.  With gorgeous landscaping and sparkling lakes, New Park is conveniently located near numerous restaurants, attractions and shopping centers.  Montgomery’s newest elementary school and YMCA fitness facility are located right in the middle of the neighborhood.  The state-of-the-art Park Crossing High School in Montgomery is within 1 mile.

Major Employers: Maxwell-Gunter Air Force Base, State of Alabama, Montgomery Public Schools, Baptist Health and Hyundai Motor Manufacturing

Market Information

  • The Montgomery MSA includes two of the fastest growing communities and within the next ten years are projected to see 3,000 new homes constructed within the New Park Development area.
  • The New Park Development is centrally located in an area that is the focal point of dramatic growth in the Montgomery MSA.
  • The metropolitan area, comprised of Autauga, Elmore and Montgomery counties, has a population of more than 369,000.
  • Montgomery is home to Maxwell Air Force Base, Gunter Annex and Air University, the worldwide center for Air Force education.
  • Hyundai Motor Manufacturing Alabama is Hyundai’s first manufacturing plant in the United States with its home in Montgomery, Alabama.
  • Within 5 miles, 83% of the households report average incomes in excess of $75,000.
  • Five (5) colleges and universities are located in the trade area.
  • Growth in residential developments near New Park is strong, with predominantly single family homes at prices starting in the high $300,000’s.

Demographics

Demographics 5 Mi. Radius 10 Mi. Radius 15 Mi. Radius 20 Min. Drive Time 30 Min. Drive Time 60 Min. Drive Time
2024 Estimated Population 51,658 176,964 231,842 93,592 205,002 408,385
2028 Projected Population 56,475 178,505 233,596 93,911 208,199 419,834
2024 Average Household Income $133,623 $99,229 $94,427 $104,751 $90,889 $91,035
2024 Households 21,076 71,784 93,347 39,957 84,128 163,409

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