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Originally Posted by chadinhsv
That's interesting Tiger. I agree that we need more foot traffic in Huntsville but for some reason as much as the city is trying; people are still not flocking to downtown like I'd hope they would be. I've noticed that whenever I meet someone new at work that just moved to the area they all tend to move to Madison and they never seem to really leave that area to explore or anything. For example, I am switching jobs and will be moving to a different organization here in town and for my going away luncheon I wanted to go to a restaurant here in Huntsville. I can't tell you how many people have called (Madison residents) that have no clue how to get to this part of town. It's astonishing and makes me believe that Huntsville will never get to where it can be. Another thing I've noticed is that the apartments that they have just built and are building now are a little too pricey for the residents in this city. People are not going to spend $900 - $1000 for a studio apartment when they can go outside the city limits and get a 3 bedroom apartment for $750. The Artisan has many apartments that haven't been leased and sit empty and it's in a prime location. We need reasonably priced apartments in the city center in order to get people to live downtown. I long for this city to have tons of people walking around the square on a Tuesday at 7 pm instead of an occasional downtown event that brings the people out.
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As far as your comment: "People are not going to spend $900 - $1,000 for a studio apartment..", how do you explain the fact that the owners of the higher end apartments are either expanding or building new projects? Specifically, the owners of the Providence Place Apartments in the Village of Providence are building more buildings. Why would they "put good money after bad?" if they hadn't leased what they had built already. Providence Place is one of the highest rent complexes in the area. Likewise, why would the Sealy family build The Avenue if they had not been successful in leasing the Belk Hudson Lofts? Another example is the Waterford Green apartments located at the intersection of Jeff Rd. and 72 (University Dr.) where the owners are adding villa apartments. The nearby Capital Park Apartments are also in roughly the same price range.
Overall, most of the new apartment complexes in the Huntsville area offer greater amenities, more expensive finishes and are charging a lot higher rents than any of the existing apartment complexes. If the market wasn't there, the developers wouldn't keep building.
As far as attracting people downtown, the reality is that outside of law offices, there is not much of a draw to the area around the square at the present time. U.G. White's store and the few restaurants are a start, but there will need to be a greater concentration of retail and restaurants to make this happen.
By contrast, the Village of Providence has over 250 hotel rooms (with another 100 on the way with the construction of the Hampton Inn), offices, numerous apartment buildings and six restaurants and Taco Mama on the way (in the new Hampton Inn). There is no other location in the HSV area which has such a high concentration of hotel rooms, apartments, workers and restaurants in such a small area. All of these provide a synergy which causes business success. Downtown Huntsville needs to create a similar environment. The City Center development appears to be the closest to providing that synergy.