The City of Hoover this morning announced the development of a 90-acre project near Riverchase Parkway that will include a health and wellness center, as well as walking trails, housing and retail areas.

Riverwalk Village, a new, mixed-use development, will be located on a 90-acre tract near Riverchase Parkway that includes 450,000 square feet of existing corporate offices.

The project calls for an expansion and re-imagining of Regions Bank’s North and South Buildings, and the bank will continue to own and manage its Riverchase Operations Center, located a short distance away from the site.

Hoover Mayor Frank Brocato called it a “significant development for the metro area.”

“Riverchase is a beautiful, Class A office park which has been an important part of our city’s development,” he said. “As the global economy changes, it is smart planning to reimagine what these areas can become. Riverwalk Village’s combination of wellness, business, residential, and clinical care will help propel Hoover into our next chapter.”

The development team includes Corporate Realty and Home Communities Company, as well as Brasfield & Gorrie, Goodwyn Mills Cawood and EarlSwensson Associates.

An important component of the development will be the Riverwalk Health & Wellness Center, which will offer healthcare services from pediatrics to geriatrics. Development company Healthcare Resources is under contract to purchase the site.

The announcement marks an important milestone for the city, which formed a healthcare authority in 2021 and has eyed some kind of large scale medical facility for years.

The Healthcare Authority also anticipates some “additional exciting announcements in the coming weeks about major initiatives to complement the Riverwalk Village project,” the city stated in its announcement.

“Hoover needs enhanced healthcare opportunities to keep pace with our continued growth,” Hoover Health Care Authority Chair Alan Paquette said. “This unique campus will elevate the quality of life across our city and neighboring communities.”

Hoover City Council President John Lyda said Riverwalk Village “will be a transformative project for the Riverchase area of Hoover that will offer additional, state of the art access to care and serve as a catalyst for commercial and residential investment through the creation of Hoover’s first health and wellness centered development.”