Growth: Southeast News

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October 05,  2021

 

Two Birmingham companies are planning a 172-acre development for an industrial park in Moody.

The new park, called Kelly Creek Commerce Park, will be a joint venture between Graham & Co. LLC and Capstone Real Estate Investments, according to a press release. The duo expect to spend in excess of $125 million to build the project out to its full capacity, said Sonny Culp, senior vice president at Graham & Co.

The developers plan to start work on the initial infrastructure and tree-clearing at the site in October, Culp said.

Developers earlier this year received rezoning clearance for the parcels off Kelly Creek Road northeast of Park Avenue, which were sold by a private landowner for the development. The land is adjacent to Red Diamond, according to a park brochure, which also says the new development will eventually be home base for 600 to 800 employees.


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