Officials with local companies Brookdale Senior Living and Hoar Construction recently broke ground on an expansion of one of Brookdale's four communities in the Birmingham market. Hoar is building a 66-bed skilled-nursing unit that will encompass 54,000 square feet. The Brookdale Place University Park complex also includes 234 independent-living beds, 90 assisted-living units, and 28 memory-care spots. More info is here.
National Health Investors has drawn on its revolving credit line to buy an Alabama retirement community for $12 million and has signed a 15-year lease deal with Discovery Senior Living. The two companies also have signed a deal to have NHI fund a $2.5 million second mortgage on a Discovery project in Florida. Check out the details here.
Brentwood-based GBT Realty is preparing to cut Huntsville officials an $8.2 million check for about 25 prime acres. The company's development agreement with the city calls for it to build 100,000 square feet of retail space in the next two years. GBT plans to construct a total of 240,000 square feet near a prominent highway interchange.
Captain D's franchisee Bill Townsend, who runs a location in Murfreesboro and two in Alabama, has signed up to open four more locations for the growing restaurant chain in the next five years, including in Murfreesboro. Townsend, whose family has been in the restaurant business for three generations, has been in the Captain D’s system for 11 years and is a part of the company's President’s Advisory Council.
Power Force, a young Birmingham-based maker of athletic shoes and clothing, plans to open its second store next month at Opry Mills. The company was launched in 2010 and plans to this year build a network of retail locations that will include New York and Chicago.
Savage eschews the notion of celebrity endorsements that are common among the much bigger players he considers his competitors, such as Nike and Adidas. Instead, he says he wants his brand to appeal to people he considers heroes, like soldiers, police officers, firefighters and moms and dads.
"I developed this line and brand so people would start believing in themselves rather than sports heroes," he said in an interview.
SEE ALSO: Other recent Opry Mills wins
Louisiana-Pacific CEO Curt Stevens recently told investors his team is examining plans to boost production capacity to keep up with the rise in home construction. Among the options on the table are the addition of a fourth shift at a plant in British Columbia and the reopening of a large Alabama factory that was idled about four years ago.