Prime Development Opportunity: The offering consists of 17.87 acres of flat land with stubbed utilities that is proposed for 290 multifamily units. There are 2 outlots included in the acreage that could be used for either retail or additional multifamily. The site has frontage on both U.S. Hwy 72 and Shields Road.
Proximity to Major Employers: The site allows quick access to many of Huntsville’s best employers, including:
Exploding Huntsville Market: Huntsville is the fastest growing metropolitan area in Alabama and is expected to become the largest MSA in the state by 2022. According to CoStar, a range of economic drivers, such as low business and living costs, favorable tax incentives, high in-migration, and the presence of Redstone Arsenal, have attracted a diverse group of businesses to the area.
Massive Huntsville Corporate Developments: Mazda Toyota Manufacturing is investing $2.311 billion in a state of the art automaking facility that is under construction and will support up to 4,000 employees. The FBI is under construction on a $1 billion outpost viewed as HQ2 that will support over 5,000 jobs upon completion. The Air Force recently selected Huntsville for the US Space Command headquarters and will bring at least 1,600 jobs.