Arctaris Annual Impact Report: Leveraging Public-Private Partnerships to Amplify Impact


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.

Impact Thesis

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.

Status Active
Year 2021
Location Huntsville, AL

Other Portfolio Companies

The Eddy at Grand Junction

The Eddy at Grand Junction is a multi-family/campsite project with 96 units of residential workforce...
Read More

Specialized Construction Incorporated

Specialized Construction Incorporated (SCI) is a 60-year-old asphalt paving, repair, and maintenan...
Read More

S&K Holdings

S&K is a minority-owned home healthcare company formed in 1996 that provides personal care servi...
Read More