Treetop facility acquired for $1.5 million, redevelopment planned

//Treetop facility acquired for $1.5 million, redevelopment planned

Treetop facility acquired for $1.5 million, redevelopment planned

The redevelopment of the former treetop facility, a family entertainment center, is underway after Jordan Tubb and John Coleman of Graham & Co. brokered the $1.5 million sale of the property.

Illyshia Parker, of the Birmingham Business Journal wrote,

“A former family entertainment center along the U.S. 280 corridor in Shelby County is being redeveloped by a well-known local developer and restauranteur.

Located at 1017 Dunnavant Valley Road, in Chelsea, the recently acquired property includes two sites including a go-kart track and a mini-golf course. Mike Mouron, chairman of Capstone Real Estate Investments LLC, and Nick Pihakis of Pihakis Restaurant Group plan to rebrand and redevelop the nearly 6-acre property to include a Rodney Scott’s BBQ, Little Donkey and Hero Doughnuts.

The former site of TreeTop Family Adventures in Chelsea was listed by Graham & Co. as a redevelopment opportunity until the property was acquired for $1.5 million a few weeks ago by Capstone EAT LLC, an affiliate of Capstone Real Estate Investments LLC. Jones Commercial Properties sold the former entertainment complex on April 15. Jordan Tubb and John Coleman of Graham & Co. brokered the deal.

The 18,500-square-foot main building sits on 4.7 acres of the first site and will include the three restaurants along with a large common bar area. The existing Little Donkey located on Highway 280 near Alabama Highway 119 will eventually relocate to the new development. A smaller building spanning 2,353 square feet will be home to Hero Doughnuts. The second site included in the sale is a 1.2-acre land plot adjacent to the first. The new development will also include an extensive outdoor gathering space.

“It not a food court per se, but depending upon if the people are sitting in the common area of the building or sitting outside, they can literally order from any of Nick’s food and beverage venues, and it will be delivered to them from whichever venue they order from. They’ll get just the one check,” Mouron said.

The property currently has around 200 parking spaces with additional spaces to be added with the new development.”

Read the full article here.

 

By |2022-04-29T09:23:53-06:00April 29th, 2022|Categories: News|0 Comments

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