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Former American Red Cross Building Redevelopment in Birmingham Gets $22.5 Million Loan

Historic Office Building To Be Converted Into 192-Unit Apartment Complex
Built in 1947, the five-story building off Third Avenue has been shuttered since 1999 when it was vacated by the American Red Cross. It is now fully entitled to be transformed into an apartment building. (Parkview Financial)
Built in 1947, the five-story building off Third Avenue has been shuttered since 1999 when it was vacated by the American Red Cross. It is now fully entitled to be transformed into an apartment building. (Parkview Financial)
By Will Esque
CoStar Research
June 27, 2022 | 8:29 P.M.

Parkview Financial has provided a $22.5 million loan to EPT Holdings LLC for a multifamily redevelopment project at 2225 Third Ave. N. in Birmingham, Alabama.

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