Quote:
Originally Posted by HSVTiger
In anticipation of Audi maybe? There will be tremendous development of some kind most likely, between County Line(new interchange on the way) and I-65.
An out-of-state builder is taking a chance on Huntsville's largely undeveloped western fringe.
Edward Rose & Sons of Kalamazoo, Mich., wants to turn a large cotton field near the Interstate 565-Mooresville Road interchange into a 528-unit apartment complex.
The city's subdivision committee signed off on the layout and forwarded the drawings to the Planning Commission for consideration later this month.
James Hall, a landscape architect with Edward Rose & Sons, said the company hopes to begin site work on its $5 million Limestone Creek Apartments as early as March. Construction will take about a year, he said.
The apartments will occupy 38 acres immediately north of I-565 and east of Mooresville Road. They will be visible from the highway. Another 21 acres closer to the interchange is being set aside for future commercial development.
Edward Rose & Sons has developed about 65,000 apartment units, primarily in the Midwest. Hall said the company was attracted to Huntsville by the strong local economy and the "overall health of the place."
While the apartments will be closer to downtown Decatur than downtown Huntsville, Hall said the company plans to target the many young professionals working in and around Cummings Research Park and Redstone Arsenal.
Named for the Tennessee River tributary that flows past the property, Limestone Creek Apartments will offer a mix of one- and two-bedroom units. Rent will range from about $700 to $850 a month, Hall said today
While Mayor Tommy Battle predicts that the I-565 corridor in Limestone County will be Huntsville's next development hotspot, few people live there now.
According to city officials, there are three subdivisions under construction in the 10,000-acre Limestone County section of Huntsville -- Olde Cobblestone on Segers Road, Westlake on Swancott Road and the Preserve at Limestone Creek on Gray Road.
The city has spent millions of dollars adding sewer lines in that area and is building a new fire station on Greenbrier Road that's scheduled to open this fall.
HSV Times
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and an interesting tidbit from late last year..
Though
Volvo hasn’t expressed a specific interest in the 1,500-acre Sewell property located adjacent to I-565, the company is considering building a new facility in North America. Though the property is in Limestone County, it has been annexed into Huntsville.
What could, however, place the property in favorable standing is the fact that
Volvo CEO Stefan Jacoby was previously the CEO of Volkswagen. Volkswagen had considered building a facility on the Sewell property in 2008, but chose a site near Chattanooga, Tenn., instead. Both states were in contention to land the German automaker.