You might not have heard of the city of Margaret in St. Clair County, which began as a coal mining town. But you will soon.
Several homebuilders, including Eddleman Properties, D.R. Horton and Adams Homes have been very active in Margaret in the last few years, creating a mini residential boom of sorts.
Lovejoy said there is new home construction in almost any direction you turn off of the main road in Margaret, which is located 30 minutes east of downtown Birmingham, along Interstate 59 in an area many believe is the next big growth corridor for the metro.
“Right now we’ve got five or six (being built) in one subdivision, six or seven in another, five in another … and these are 300-home subdivisions,” Lovejoy said.
Real estate brokers and local leaders are optimistic the surge in homes will soon translate into commercial development in Margaret, a rapidly growing town in one of the state’s fastest growing counties.
“Margaret is a special community (and its) population has doubled every decade since 1990,” said Don Smith, executive director of the St. Clair Economic Development Council.
As we’ve previously reported, St. Clair County has benefited heavily from a surge of new jobs – many connected with the automotive industry.
Last year, Auburn University’s Economic & Community Development
Institute ranked the county No. 5 in the entire state for economic vitality. Shelby County, also in metro Birmingham, ranked No. 1.
Commercial Real Estate
Birmingham Business Journal