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The wooded parcel is part of the Park Central office park and across Scott Road from the Saint Gertrude High School Outdoor Athletic Center, which the EDA bought last year for $4.5 million.
Virginia Beach-based The Lawson Cos. is planning a five-story, 116-unit building at the southeast corner of Hull Street and Commerce Road.
David Strickland of Talladega is hoping to help beautify his hometown and promote local businesses at the same time.
LaDiff and Caravati’s are past users of the building, which is across the street from an apartment conversion of the old Herod Seeds property.
The painting contractor spent $3.4 million for a Southside location after unloading its 2.5-acre assemblage to developers for $10.8 million.