Huntsville is a $147M mixed‐use development will that will consist of two multifamily rental buildings (540 units/460k sf) with a grocery store in a food desert and ground‐floor retail (56k sf). The development is considered important to an area where $6.7bn in private investment led to creation of 14k+ new jobs over the past 5 years, upwards of 25k new jobs are projected over the next 18 months, downtown Huntsville’s population grew 60% from 201017 while residential supply grew by only 3%, and only ~6% of the projected ~9000 new housing units in near-term planning / development phases are expected to reside downtown.
The project aims to tackle food security challenges in a USDA-designated food desert, prioritize hiring MWBE subcontractors, leasing agents, a property management firm, and provide a commitment to retain at least 1 MWBE retail tenant, and create 600+ construction jobs and 200+ permanent jobs in an area (tracked by US Census) with income ~21% below US average and ~17.5% of people living below the poverty line.
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