$240M Riverchase Galleria redevelopment proposal unveiled

The much-anticipated study to redevelop the Riverchase Galleria was released tonight at the Hoover City Council meeting.

Conducted by Hunden Partners—a Chicago-based real estate development firm—the study recommends Alabama’s largest mall be redeveloped in two phases totaling $240 million.

 Phase One is a smaller-scale redevelopment that includes the following:

• Demolition of the former Sears
• Construction of:
  • 282 apartments
  • 28,000 square feet of retail
  • 1,100-seat center for the arts
  • 25,000-square-foot public plaza & greenspace

Phase Two is a full build-out of the redevelopment with additional residential and retail space that includes the following:

• Demolition of the current Macy’s box and the adjacent triangular corridor of the mall
• Construction of:
  • 260 apartments
  • 16,000 square feet of retail
  • 19,000-square-foot public plaza & greenspace

Hunden Partners’ Steve Haermmerle told the Council that the 40-year-old Riverchase Galleria has a lot of potential for redevelopment.

“In not all places, we can say this — this is an awesome location. It has strong highway access, it’s incredibly visible, and there are already a mix of uses here. So you’re all starting from a point where things can change, and again, not all places that can happen. And so I think this is a really good starting point.”

Steve Haermmerle, Hunden Partners

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