A health care and wellness-focused development is being planned for the Riverchase area of Hoover.
Riverwalk Village is to be a mixed-use community that includes medical offices, walking trails and green spaces, as well as housing and retail areas.
“The city of Hoover is excited to unveil this project. It will be a significant development for the metro area,” Hoover Mayor Frank Brocato said in his announcement, made with Regions Bank and Healthcare Resources.
“Riverchase is a beautiful, Class A office park (that) has been an important part of our city’s development,” Brocato said. “As the global economy changes, it is smart planning to reimagine what these areas can become. Riverwalk Village’s combination of wellness, business, residential and clinical care will help propel Hoover into our next chapter.”
The new development will be on a 90-acre tract near Riverchase Parkway that includes 450,000 square feet of existing corporate offices. It will include the Riverwalk Health & Wellness Center, which will offer a wide range of health care services for all stages of life, from pediatrics to geriatrics.
“Providing high-quality access to health care is a defining metric in a city’s mission to building and sustaining a high quality of life for its residents and visitors,” Hoover City Council President John Lyda said. “Riverwalk Village will be a transformative project for the Riverchase area of Hoover that will offer additional, state-of-the-art access to care and serve as a catalyst for commercial and residential investment through the creation of Hoover’s first health and wellness-centered development.”
Development company Healthcare Resources is under contract to purchase the site.
The Hoover Health Care Authority, which was established by the city in 2021, is working on the project. The authority’s vision is to create, develop and promote a forward-looking innovative medical district in the city where health care providers, health research companies and clinical educators can thrive with knowledgeable and motivated partnerships, according to the statement. It also said the authority anticipates more announcements in the coming weeks about major initiatives to complement the Riverwalk Village project.
“Hoover needs enhanced health care opportunities to keep pace with our continued growth. The Hoover Health Care Authority is excited to have great partners as we expand the availability of innovative wellness, diagnostic, treatment and restorative services for our residents and visitors,” authority Chair Alan Paquette said. “This unique campus will elevate the quality of life across our city and neighboring communities.”
The project represents an expansion and re-imagining of Regions Bank’s North and South Buildings. Regions, one of the largest employers in Shelby County, will maintain a significant presence in the new development.
“We’re proud to build on our long-term commitment to Hoover while helping strengthen the community by supporting these additional services and public greenspaces,” Brett Couch, head of Regions Corporate Real Estate and Procurement, said in the statement.
While health and wellness will be a prime focus at Riverwalk Village, the development also will include a central greenspace with a variety of other amenities and community spaces in a park-like setting to enhance the quality of life in Hoover and surrounding areas. Developers also are talking about working with the city to create miles of trails to improve walkability and connectivity, linking the northern and southern parts of Hoover.
“We are excited about Riverwalk Village, what it will offer to current Hoover residents and the potential for what it can become,” Christy Roddy of Healthcare Resources said. “The future of health care is focused on integrating prevention and wellness as part of overall patient care. This site is uniquely positioned to be able to bring those aspects to the community.”
The development team includes Healthcare Resources in conjunction with Corporate Realty and Home Communities Company, as well as Brasfield & Gorrie, Goodwyn Mills Cawood, and Earl Swensson Associates.
English (US)