BIRMINGHAM, AL-A developer is planning to develop a $33-million multifamily project near Railroad Park. reported that Inland American Communities Group Inc. is preparing to purchase a property at 16th Street South and Third Avenue South for $3.1 million from Birmingham.

The developer is expecting to close the deal by Q1 2013. The Parkside district development is being prompted by a $64-million ballpark development for the Birmingham Barons. For the full story, go to Birmingham Business Journal . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.