Birmingham’s Five Points South Set for Transition as Regions Bank Branch Faces Demolition

Birmingham’s Five Points South Set for Changes: Regions Bank Branch to Be Demolished

Birmingham is buzzing with news that might spark a blend of nostalgia and progress. The Birmingham Design Review Committee recently gave the green light to demolish the historic Regions Bank branch located on 20th Street in the vibrant Five Points South area. The decision was made during the Committee’s sessions on October 23rd for the demolition permit and November 13th for the conceptual plans for new parking.

A Bit of History

Here’s a little history for you: the building at 941 20th St. S was constructed back in 1947. Originally known as the Exchange-Security Bank, it holds a special place in Birmingham’s history as the first branch in the city to boast a drive-up window and its own parking lot. So, it’s fair to say this building is a modern-day relic for the community.

In a strategic move, Regions Bank has entered into a contract to sell this Five Points South branch to Audubon, the new owner of the Scholars Birmingham student housing high-rise sitting right across the street at 1001 20th St. S. The sale is expected to close in early 2025.

Bits of Good News for Customers

But hold on—there’s some good news for regulars of the Regions Bank here! While the branch will ultimately close, customers can continue their banking business until late 2025. Moreover, Regions is committed to making substantial investments in its network around the community. The UAB branch, conveniently located just three blocks away, will remain open, as will the remote drive-through at the junction of 6th Ave. S. and Richard Arrington Jr. Blvd. (21st St. S.).

The Birmingham-based bank plans to update these facilities, ensuring they remain user-friendly and efficient for their customers. Plus, it’s likely that some of the familiar faces from the Five Points South branch will be transitioning to the renovated spot near Pepper Place—so it won’t be a total goodbye!

Understanding the Need for Parking

During the Design Review meetings, representatives from Audubon shared insights into the challenges faced by the Scholars apartment complex. The original developers struggled to fill the units, reaching only 60% occupancy due to insufficient parking. They pitched their conceptual plans to the committee with hopes of addressing this pressing issue. Their plans aim to alleviate the parking woes that have hindered the apartment’s success.

Community Concerns

However, not all news is met with open arms. Several community members, including local officials, voiced their concerns regarding the demolition. There’s disappointment that residents, along with Councilors Smitherman and Abbott, were not notified of this decision sooner. One notable voice in the community, Wil Jones, the president of the Five Points South Neighborhood, expressed concerns about the alignment of this plan with the city’s urban planning goals, urging for a rethink on the whole project.

What’s Next?

As plans unfold, the debate on preserving history versus progressing to meet modern needs continues. Residents are eager to ensure that their community reflects their values and vision. If you have thoughts on this hot topic, why not share them with the community? You can tag Bham Now on Instagram, Facebook, and LinkedIn at @bhamnow to let your voice be heard!

So, Birmingham, as we look forward to new parking opportunities in Five Points South, let’s also reflect on what we’re leaving behind. Change can be bittersweet, but it often leads to new beginnings. Stay tuned as this story continues to evolve!