#USA #Andalusia #Boutique Hotel #Timmerman Building

Revitalization of a Historic Landmark in Andalusia

The city of Andalusia, Alabama, is about to witness the transformation of a historic landmark as the former First National Bank Building, affectionately known as the Timmerman Building, embarks on a new journey. UB Community Development LLC (UBCD), the community development division of United Bank, has secured permanent financing totaling $10.5 million through a New Markets Tax Credit (NMTC) allocation, enabling the comprehensive renovation of this iconic structure. This investment marks a critical step in breathing new life into downtown Andalusia while honoring the building's storied history.

A Glimpse into History

Originally constructed in 1920 and designed by notable Montgomery architect Frank Lockwood in the elegant Beaux-Arts style, the Timmerman Building has been recognized for its historical significance by earning a place on the National Register of Historic Places. The planned renovation promises to transform the six-story structure into a chic boutique hotel with 58 rooms, operating under the Hampton Inn & Suites brand of Choice Hotels. This revitalization is not just about the building; it's about reinvigorating the cultural fabric of the downtown area.

Expanding the Vision

In addition to the renovations at the Timmerman Building, the revitalization efforts will extend to the upper floors of the nearby Andala Building, which currently houses Big Mike's Steak House. Here, modern condominiums will be created, further enhancing the residential options available in downtown Andalusia and attracting more residents to the area.

Alex Jones, President of UB Community Development, articulated the team's commitment to the project, stating, "Our track record of supporting adaptive reuse of historic buildings speaks volumes for UBCD's commitment to community development, and this project in Andalusia continues this focus." The collaboration with local business owners and officials reflects a collective vision for community enhancement.

Job Creation and Workforce Development

Understanding the importance of local workforce development, the project also plans to partner with Lurleen B. Wallace Community College to establish training and skill development programs aligned with the hospitality sector. This initiative is expected to generate around 28 full-time positions, providing valuable job opportunities for residents and students in the area. As the hotel begins operations, it will not only contribute to the local economy but also help cultivate a skilled workforce ready to thrive in the hospitality industry.

Community Impact

The extensive renovations are hailed as a key element of Andalusia's broader downtown revitalization initiative, which has garnered enthusiastic support from local residents and officials alike. The transformation of the Timmerman Building into a boutique hotel and the subsequent development of the Andala Building are expected to create a vibrant atmosphere that encourages further investment and activity in the area.

UB Community Development has established itself as Alabama's premier financial partner for community and economic development, and this project exemplifies their commitment. With a strong history in New Markets Tax Credit transactions and a dedication to enhancing community well-being, UBCD is poised to deliver impactful results through its projects.

Looking Ahead

As this ambitious project unfolds, it sets a precedent for future developments in Andalusia and showcases the immense potential of revitalizing historic structures. The blend of preserving history while promoting modern growth speaks to a broader trend in community development where heritage and innovation can coexist harmoniously.

For more details on this exciting project and UBCD’s mission, visit UB Community Development's website.