A 643-acre mixed-use development, located on Highway 21, 4 1/2 miles north of Atmore at I-65, Exit 57
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Rivercane


One of our most recent projects, the Rivercane development, is a 643-acre mixed-use development, located on Highway 21, 4 1/2 miles north of Atmore at I-65, Exit 57.

Due to the location of the property, current market demand, and community needs; we anticipate that Rivercane will ultimately include retail/commercial, residential, industrial and possibly recreational areas. Phase 1 includes construction of roads, additional lanes on Highway 21, and a lake which will serve as the collection/retention facility. It is anticipated that underground storm water drainage facilities will be used rather than surface facilities. The Atmore Utilities Board is working to expand water, sewage and natural gas to meet the demands of a fully developed Rivercane. Power is supplied by both Southern Pine Electric Cooperative and Alabama Power Company, while telephone service is provided by Frontier. Phase 1 of the process is almost complete, and preliminary plans for Phase 2 are complete and ready for implementation. All utilities within Rivercane will be underground and constructed as each phase of the development is undertaken. All streets will be lighted, curbed, and guttered, and common areas will include landscaped shoulders along Highway 21, entrance monument signs, entrance medians, lakes, protected wetlands and parks. These common areas will be maintained by a Rivercane Property Owners' Association and funded through assessments to the property owners.

Horne Properties is a commercial real estate development firm, headquartered in Knoxville, Tennessee which concentrates primarily in the development of shopping centers and has completed over 125 projects in 17 states. In August, 2006, Horne Properties entered into an agreement to bring 95 acres located on the east side of State Highway 21, immediately south of Rivercane, into the Rivercane development. In September 2006, they announced their intention to develop a shopping center with a 325,000 square feet plus 15 out parcels.

The City has executed a co-listing with the firms of Saad and Vallas Realty Group in Mobile and John Stanley & Associates in Montgomery to market Rivercane property.

Tim Herrington
Saad & Vallas Realty Group
Post Office Box 9669
Mobile, AL 36691
251 478-7223 / cell 251 510-2277
therrington@saad.com
Mark A. Dauber
John Stanley & soc.
4747 Woodmere Blvd.
Montgomery, AL 36106
334 271-2475
mdauber@johnstanleyassociates.com

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The City's Rivercane project manager is Joe Webb. He can be reached by contacting the City of Atmore at 251 368-2253, or by cell phone at 251 213-1915.


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