A prominent Birmingham developerhas broken ground on its firstmultifamily project in the Rocket City.
The project does not have a name yet,but Daniel Corp. is investing $60million in a new luxury apartmentcommunity in Hampton Cove next toHays Nature Preserve in Huntsville.
The firm closed on a 22-acre sitealong Highway 431 and beganconstruction on the project lastmonth with completion expected byspring next year.
The development will feature 336 units over seven four-storybuildings.
“We are excited to begin Daniel’s first multifamily development inthe Huntsville area with a community that brings a unique productoffering to the fast-growing, Hampton Cove submarket,” said JustinWeintraub, executive vice president at Daniel in a release. “Thestrong economic development in Huntsville has translated to anational leading performance in the Huntsville multifamily market,which has seen some of the strongest rent growth in the country.With thoughtful design and community features, we look forwardto creating a community that will add to the vibrant growth storythat this area is experiencing.”
The project will include a clubhouse with a leasing office, residentsocial space and a fitness studio with an outdoor lounge. An on-site trail is planned to connect to the trail system at Hays NaturePreserve, and the development will also have direct trail access toFlint River.
It is one of several major projects underway in Huntsville – a metrothat has seen a huge influx of job growth in recent years.
Hanno van der Bijl
Real Estate Reporter
Birmingham Business Journal
From the Birmingham Business Journal: