Sale Agreement Next Step For Downtown Waterfront Development

Mobile Mayor Sandy Stimpson is proposing the sale of city property to support a mixed-use development in Downtown Mobile that will connect citizens and visitors to the waterfront. In December 2023, the City of Mobile, Burton Property Group and Kessler Capital announced plans to develop Mobile’s only mixed-use waterfront entertainment and hospitality development, River Walk Plaza. Anchored by a luxury hotel, the conceptual plans for River Walk Plaza also include condominiums; class A office space; and multiple food and beverage, retail and entertainment options. River Walk Plaza is slated to be built at 10 Water Street, adjacent to the Mobile Convention Center. This week’s Mobile City Council meeting included the first read for a purchase-sale agreement between the city and the developer. If approved, this agreement would be a critical next step in moving the project forward. The project, in its early stages of development, aims for a groundbreaking in 2025. The council is expected to vote on the purchase-sale agreement at its October 22 meeting.