TRUSSVILLE, Ala. (TRIBUNE) — The developer of a proposed grocery store had his two-part wish list approved by the Trussville City Council on Thursday during a regular meeting that had been moved from next Tuesday due to spring break. The developer was requesting a development incentive agreement and a rezoning request.
First up was a development agreement between the city and BRE Main Street LLC, controlled by the principals of Blackwater Real Estate, which also developed Homestead Village in Trussville. The proposed development will be at the southwest corner of Main Street and Watterson Parkway, just south of the downtown overlay.
According to the agreement, BRE will invest approximately $25 million in a strip mall shopping center with a primary tenant and multiple smaller tenants. The city would be obligated to contribute 50% of local sales tax collections from the property for up to 17 years, with a cap of just over $8.1 million…