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Mobile Bay Times
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Building Relationships
 The Real Deal

Beachfront lot sells for $6.15 million;
Lott Road storage sells for a lot;
Old MMI Music building goes for a song; 
New Hampton Inn in Foley;
286-lot RV Resort planned in Orange Beach 

By Kathy Jumper
Mobile Bay Times
​A five-acre beachfront lot at 22988 Perdido Beach Blvd., in Orange Beach was purchased for $6.15 million by the Gulf Coast Opportunities Fund, according to Nathan Cox of Bellator Real Estate & Development, who represented the buyers.

The land has 333 front feet on the Gulf and was sold by MMA Realty Capital in Florida. 

In 2010, Mobile businessman K.C. Chiang was seeking financing to develop a $160 million, two-tower Wyndham & Winfield Resort Hotel & Convention Center. The project was to include 500 hotel rooms, a 1,200-seat convention center, 20-lane bowling alley and a theater.

An investor paid $725,000 for the 181-unit Eight Mile Mini Storage on 1.75 acres at 472 Lott Road in Eight Mile, according to court records.  Richard Mann of Prudential Cooper & Co.  commercial division represented the buyer and Stuart LaGroue of Omega Properties worked for the seller. Three office spaces were also included in the sale.

A local investor paid $550,000 for the bank-owned, 12,000-square-foot former MMI Music building at 664 University Blvd., near Cottage Hill Road in west Mobile, according to Terry McKinney of Delaney Land & Realty, who represented the buyer. School Aids, a school supply business, will open in the building. David Cooper of Prudential Cooper & Co. commercial division worked for the seller.

Construction is under way on an 80-room Hampton Inn on Ala. 59 in Foley near Cracker Barrel Restaurant and should open next June, according to Jeff Rouzie, director of economic development for the city of Foley. The hotel developer also owns the adjacent Holiday Inn Express Hotel.

A Pascagoula, Miss.-developer plans to build Maritime RV Resort, a 286-lot project on Canal Road, west of Beaver Creek subdivision in Orange Beach, according to city officials. The recreational vehicle spaces will be leased on a short-term basis up to three months. The Maritime site on 182 acres near the Backcountry Trail was earlier planned as a single-family, mixed-use community. About 110 of the acres are wetlands.

The U.S. Army and U.S. Air Force recruiting offices have expanded to 4,200 square feet at Schillinger Pointe Shopping Center on Schillinger Road in Mobile, according to Pratt Thomas of Merrill P. Thomas Company.

Aerostar SES, an environmental engineering and remediation firm, has leased 3,800 square feet in University Place at 820 University Blvd., in Mobile, according to Nathan D. Handmacher of John Toomey & Company.

Dr. Che-Che Maltbia of Premier Choice Medical has leased 1,850 square feet of office space at 6420 Hillcrest Park Court in Mobile, according to Angela McArthur of Prudential Cooper & Co. commercial division.

(Editor's note: The Mobile Bay Times is pleased to add Kathy Jumper as a regular freelance contributor. Her weekly real estate column has been a Sunday morning "must read" for years in Mobile and Baldwin counties. Please encourage others to subscribe so that it will continue to inform Mobile/Baldwin readers. Leads and tips welcomed. Her new email address is
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Need help with legal research or, for that matter, any type of research? Public records and other research? Witness interviews? Consider contacting former Press-Register investigative reporter Eddie Curran. For more information, call Eddie at 251-454-1911, or visit Curran Research Services.
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