Broad Metro, a commercial real estate development company, announced major progress on its Stadium Trace development project in Hoover. The company said Thursday that it is set to begin Phase 2 of the project pending the approval of a Letter of Intent filed by Broad Metro with the Hoover City Council.
“We are committed to developing Stadium Trace Village in a way that benefits the entire Hoover community,” said William Kadish, CEO of Broad Metro. “Phase Two will provide new recreation opportunities, green space and retail options, while also preserving the natural beauty of the area. It will also clean up Scout Lake for the Trace Crossing residents.”
“We are confident that this project will be a success.”
Peter Defranco, a local resident who lives near the development, shared his full support of the next phase.
“My wife and I live in Trace Crossings on Scout Creek Lake, and we are 100 percent in favor of Broad Metro’s plan design for Phase Two,” said Defranco. “Broad Metro is a responsible developer with a history of success with care and concern for our lakes and green spaces. They are a good neighbor to our community.”
“I trust William Kadish to do a fine job, and his project will be a benefit to the city.”
The company has laid out the following plans for the coming phase:
- The 82 acre development will set aside 36 acres dedicated to green space and the City of Hoover for public use
- Engineers will develop a $2.25 million dollar drainage system with five retention ponds
- Creation of over 1.5 miles of multi-use walking and biking trails
- A golf cart path will connect residential communities to Stadium Trace Village
- 11 acres of land will be purchased by the City of Hoover at developers cost to help fund a planned Performing Arts Center
- Construction of a Golf Suites family entertainment center
- Construction of a 50,000 square foot surgical center
- Creation of a 120,000 square feet of low traffic, single tenant destination retail and dining space
As part of the project, an extensive traffic impact study was conducted by Skipper Consulting identifying areas of concern and guidance on roadway improvements.
The now nearly completed Phase One of Stadium Trace Village required moving over 1.25 million cubic yards of rock and dirt over a 500-yard stream, piping the same with the Army Corps of Engineers, grading the entire 45-acre site while reserving a 6-acre retention pond to protect neighboring and downstream property owners at a cost exceeding $25 million.
Phase One of the project has now generated over $2.5 million in annual revenue to the City of Hoover and the School District.
Austen Shipley is a staff writer for Yellowhammer News.
