Tuscaloosa bank building getting new life
TUSCALOOSA, Ala. (AP) — The first office tower built in downtown Tuscaloosa has a new owner and is getting converted to apartments.
Heritage Land and Development Co. of Memphis, Tenn., announced it has purchased the 10-story PNC Building at the corner of University Boulevard and Greensboro Avenue. The company said PNC bank will remain on the bottom two floors, but the other eight floors will be converted from offices to apartments. The company said it represents a $15 million investment. The building went up in 1925 and has always housed a bank on its lower floors.
Tuscaloosa Mayor Walt Maddox told The Tuscaloosa News (http://bit.ly/W9m8mG ) that the building had been a question mark in the redevelopment of downtown, but now it will remain a key part of downtown.