Broad Metro LLC announced Thursday that it has closed on a $4.6 million acquisition of roughly 65 acres in the city of Hoover, securing the final parcel needed to move forward with Phase Three of the Stadium Trace Village development. The transaction, which finalized on August 17, ended a lengthy negotiation among eleven owners who held the land as tenants in common.
Local leaders praised the deal
Broad Metro President and CEO Will Kadish thanked the professionals who helped complete the purchase and highlighted the supportive stance of local government agencies. “We are thankful to all of the professionals involved, and we want to thank the Alabama Department of Workforce, Jefferson County and the City of Hoover for their business‑friendly approach,” Kadish said. He also singled out broker Lee Willcoxon IV for his role in uniting the eleven owners and closing the deal.
What Phase Three will bring
Phase Three is slated to be a mixed‑use development that blends retail space, medical and professional offices, and luxury residences on the upper portion of the site. While Broad Metro has not released a construction schedule, the company’s track record of more than three decades on mixed‑use and commercial projects across the United States suggests a methodical rollout that will create jobs and expand housing options for Hoover families.
Stadium Trace Village’s steady growth
The Stadium Trace Village project began with Phase One, which is already open and serving shoppers and residents. In July, the Hoover City Council unanimously approved a development agreement for Phase Two, passing the measure 7‑0. The new acquisition therefore represents the next logical step in a development plan that is already enjoying broad community and governmental support.
Economic impact for Hoover
Local officials and business leaders see the expansion as a boost to the city’s tax base and a catalyst for further private investment. The addition of medical and professional office space will increase access to health and legal services for residents, while the luxury residences are expected to attract new homebuyers seeking high‑quality living in a well‑planned community.
Looking ahead
Although Broad Metro has not disclosed a specific timeline for breaking ground on Phase Three, the company’s recent acquisition signals that construction could begin within the next year, pending final design approvals and any required permits. Residents can anticipate a continued influx of new amenities, job opportunities, and property values as the Stadium Trace Village complex matures.
For now, the focus remains on finalizing plans, coordinating with the City of Hoover’s planning department, and ensuring that the project aligns with the community’s vision for responsible growth. The partnership between Broad Metro, local government, and the Alabama Department of Workforce underscores a shared commitment to fostering a vibrant, family‑friendly environment that respects both tradition and economic liberty.
Original reporting: Hoover Sun — read the source article.
