UAB Research Foundation finalizes sale of Oxmoor property to Bridal Inc for development

In a meeting that echoed with the promise of progress, the University of Alabama System's Board of Trustees convened to discuss significant financial and real estate developments on June 5, 2025. The atmosphere was charged with anticipation as members reviewed a substantial project budget exceeding $4.7 million, earmarked for the Hirschink School of Medicine. This funding, drawn from reserve funds, aims to bolster the institution's educational and research capabilities.

As the discussion unfolded, the focus shifted to real estate matters, with Mike presenting a pivotal item concerning the Oxmoor property. The board sought authorization for the UAB Research Foundation to finalize a sales agreement with Bridal Inc., a tech development company. This move comes after a previous agreement with a residential builder fell through, leaving the property ripe for new opportunities. The proposed development remains confidential, hinting at innovative prospects that could emerge from this strategic partnership.

The meeting not only highlighted the university's commitment to advancing medical education but also underscored its proactive approach to real estate management. As the board members deliberated, it became clear that these decisions are not just about numbers; they represent a vision for the future of the University of Alabama System, one that intertwines education, innovation, and community development. With these initiatives, the university is poised to make a lasting impact on both its students and the broader community.