Colonial Promenade Alabaster
Tenants
South Promenade
North Promenade
- Walmart
- Lowe's
- Belk
- Amstar Theater
- Ross
- Bed Bath & Beyond
- Old Navy
- Books-A-Million
Ownership changes
In December 2007, Colonial Properties sold Colonial Promenade Alabaster II and 2 outparcels but continued to manage the property.
In December 2009, Colonial Properties reacquired Colonial Promenade after a joint venture was dissolved.
In December 2012, Huntsville-based Propst Properties acquired the North Promenade.
Opposition to construction
The project was opposed by some of the property owners whose land was needed for the development. A group of ten owners sued the City of Alabaster and Colonial Properties to prevent the controversial use of eminent domain to force them to sell approximately 10 of the 400 acres needed. In June 2003, the Alabaster City Council voted 6–0 (with 1 abstention) to adopt the I-65, 238 Urban Renewal and Urban Redevelopment Plan which determined that the property in question was a "blighted area". The city subsequently entered into an agreement to condemn and seize the land, and then exchange it and certain infrastructure improvements for the construction of new facilities to be provided by Shelby Land Partners, a limited-liability corporation established to negotiate with the city for the development. At the time, Wal-Mart and Belk had already been announced as prospective tenants.
Lily Spence, a landowner whose property had been condemned for the development, appeared on CNN to voice her objections to having her property condemned and to the price offered. The case was cited by Alabama state legislators who passed legislation severely restricting the scope of public uses allowed in eminent domain cases. The July 2005 law followed a Supreme Court decision in Kelo v. City of New London, a Connecticut dispute, that the matter was for states to decide.
References
- ^ "Alabaster's Colonial Promenade filling up fast". Birmingham Business Journal. July 21, 2005. Retrieved February 7, 2011.
- ^ "Alabaster Lease Plan", Propst Properties, November 20, 2011, retrieved March 7, 2015
- ^ "Colonial completes sale of properties". Montgomery Advertiser. Montgomery, Alabama. December 27, 2007. Archived from the original on November 5, 2012. Retrieved February 7, 2011.
- ^ Cooper, Lauren B. (December 15, 2009). "Colonial Properties Trust exits joint venture". Birmingham Business Journal. Retrieved February 7, 2011.
- ^ Wagner, Neil (December 27, 2012). "North Promenade under new ownership". Shelby County Reporter. Retrieved March 7, 2015.
- ^ Bond, Patti (October 21, 2003). "Alabaster, Ala., Homeowners Fight City Hall's Eminent Domain Claim". The Atlanta Journal-Constitution. Knight Ridder/Tribune Business News. Archived from the original on November 5, 2012. Retrieved February 7, 2011.
- ^ "Geography, forestry, conservation, and planning. Review of A CASE STUDY IN THE USE OF EMINENT DOMAIN POWERS BY THE CITY OF ALABASTER, ALABAMA. Nicholas Nene, and William K. McAllister, Department of Community Planning and Urban Studies., Alabama A & M Univ. Normal, AL 35762". Journal of the Alabama Academy of Science. April 2004.
- ^ Guarino, Fred (January 1, 2004). "Eminent domain settlement reached - Eight of 10 landowners agree to sell". Shelby County Reporter. Archived from the original on January 26, 2004. Retrieved February 7, 2011.
- ^ Cabell, Brian (September 30, 2003). "Anderson Cooper 360 Degrees". CNN. Retrieved 7 February 2011.
- ^ "Riley To Support Eminent Domain Bill". Times Daily. Florence, Alabama. June 29, 2005. p. 1B. Retrieved 7 February 2011.
- ^ Rachel Tobin Ramos, Ryan Mahoney and Justin Rubner (June 30, 2005). "Battle ahead over eminent domain". Atlanta Business Chronicle. Retrieved 7 February 2011.