Promenade shopping center gets new namePublished 4:28pm Tuesday, February 5, 2013
By NEAL WAGNER / City Editor
Crews recently installed new signs at one of Shelby County’s largest shopping centers to reflect the development’s new owner.
The new “Propst Promenade” signs went up on Feb. 1, which was a little more than three months after the Huntsville-based Propst Properties company purchased Alabaster’s North Promenade shopping center from the Colonial Realty company for $37.4 million.
“It’s long overdue, because they actually bought it a while back,” state Sen. Cam Ward, R-Alabaster, who also is the chairman of the Alabaster Industrial Development Board, said of the sign change. “They just changed the name. Shoppers really shouldn’t notice any other changes.”
As a result of the purchase, Propst now owns the entire North Promenade, which is off U.S. 31 and includes tenants such as Old Navy, Walmart, Books-A-Million and the Amstar movie theater.
The South Promenade, which includes stores such as Target, Best Buy and J.C. Penney, did not change ownership.