A recent article on Al.com shared an exciting statistic. Huntsville is officially on track to be the largest city in Alabama within two years. This is an incredible achievement and testament to the ingenuity, entrepreneurial spirit, and supportive community that calls the Rocket City home.
With growth comes development, and progress is visible all over our city. The skyline of Downtown Huntsville is dotted with cranes, signaling more businesses are on the way.
This week, we wanted to take a look at how several developments are moving along. Our list isn’t exhaustive by any means—naming all of them would take some time. But we did want to include a few so you can get an idea of what’s happening in the surrounding commercial real estate market.
Here are some properties/developments that we are excited about.
Holmes Avenue Parking Deck
Crews are busy building a new six-level parking deck at Holmes Avenue and Greene Street that will provide more available spots for the busy and growing neighborhood. This project is located across the street from the Times Building and near spots like OTBX and SiP.
Once completed, the deck will encompass retail spaces as well. Developers say the site will have a decorative façade that will be an attractive addition to the area.
106 Jefferson – Curio by Hilton Hotels
Construction at 106 Jefferson: Curio by Hilton Hotels is growing upward. It’s starting to take shape and it’s easier to imagine the site of a new vibrant boutique hotel.
As the project progresses, crews will eventually reach the construction of the hotel’s rooftop bar. From there, guests and visitors will be able to sip cocktails after hours as the sun sets over the cityscape.
The completed hotel will have 117 rooms, modern amenities, meeting rooms, and a lot more to offer the city. Crunkleton is very excited to be developing this incredible project.
Redstone Federal Credit Union – Downtown Huntsville
Redstone Federal Credit Union’s many glass windows reflect the sky as you drive by. When it comes to design, their new Downtown Huntsville building is nothing short of stunning. Modern architecture and a central location make this a convenient and eye-catching spot for employees and visitors.
The building tops out at 66,718 square feet and stands five stories high. There will also be a four-story parking deck adjacent to the site.
Talk about a major facelift! A once outdated development situated off of Hughes Road in Madison is under new ownership and receiving a grand upgrade for current and future tenants.
So far, we have announced that Fleet Feet and Just Love Coffee will set up shop at the revived center along with long-time tenant Bicycle Cove. More deals are in the works and prospects are getting excited as the façade continues to evolve.
Hughes Plaza is located close enough to Downtown Madison that it will be an easily accessible location from Priceville, Cullman, or Decatur. So far, the new tenants have a special focus on health and wellness. More concepts are in the works for this new-and-improved center that we will announce very soon.
The Avenue Madison
Gorgeous, modern apartments that are considered luxury living are on their way to the Downtown Madison neighborhood. Directly off of Sullivan Street, The Avenue Madison is coming along nicely. When finished, this 226,415-square-foot complex will be a new destination for stylish accommodations, shopping, dining, and entertainment. The site will feature 190 residential apartment units and around 10,375 square feet of retail.
Next month, a new road will be added connecting Sullivan Street and Short Street to add a more comfortable flow for traffic and 20 additional parallel parking spaces for patrons visiting the retail shops.
When it’s all said and done, The Avenue Madison will house unique retail concepts on its ground floor like fitness studios, bakeries, home décor, coffee shops—there are tons of options!
No announcements have been made about tenants joining the development yet. But those are coming soon.
Hampton Place is a development that has been around the Hampton Cove area for some time. Adjacent to Publix, Lowe’s, and others, Hampton Place is home to LawLers BBQ, Alabama Pediatric Dental Associates, and more. But now the site is adding more space to its grounds and developing a brand new building in front of the current one.
The new building will feature around 8,000 square feet of retail space and have the potential to add a drive-thru for interested future tenants.
If you’d like to hear more about this opportunity, call Anusha Alapati Davis at 256-536-8809.
What developments/projects are YOU most excited about? Let us know in the comments!
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CRUNKLETON COMMERCIAL REAL ESTATE GROUP
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