Southlake Village
Closed4524 Southlake Pkwy, Birmingham, AL 35244
Area Description
Birmingham is the most populous city in Alabama and is the county seat of Jefferson County. The Birmingham-Hoover Metropolitan Statistical Area had a population of about 1,151,801 as of 2018, which is approximately one quarter of Alabama's population. This makes it the 49th largest metro in the country. Today, Birmingham has begun to experience something of a rebirth. New resources have been dedicated to reconstructing the downtown area into a 24-hour mixed-use district. The market for downtown lofts and condominiums has increased while restaurant, retail and cultural options are also beginning to expand. The Birmingham region was ranked No. 3 for economic growth potential among mid-size U.S. cities in a recent report by Business Facilities, a national publication that focuses on economic development. Though the steel industry no longer holds the same prominence, steel production and processing continue to play a key role in the local economy. Steel products manufacturers American Cast Iron Pipe Company (ACIPCO) and McWane are based in the city. Several of the nation's largest steelmakers, including CMC Steel, U.S. Steel, and Nucor, also have a major presence in Birmingham. Birmingham is a leading banking center, serving as home to two major banks: Regions and BBVA Compass. Though the steel industry no longer holds the same prominence, steel production and processing continue to play a key role in the local economy. Steel products manufacturers American Cast Iron Pipe Company (ACIPCO) and McWane are based in the city. Several of the nation's largest steelmakers, including CMC Steel, U.S. Steel, and Nucor, also have a major presence in Birmingham. In recent years, local steel companies have announced about $100 million worth of investment in expansions and new plants in and around the city.