Exciting 2017 Commercial Real Estate: North Alabama

Exciting 2017 Commercial Real Estate: North Alabama

On 06, Dec, 2016

It’s always fun to look at upcoming CRE projects for the new year, and 2017 is no exception! Today, we’re focusing on North Alabama. Take a look at some of the developments we can look forward to next year!

#1: MidCity Huntsville

After purchasing CBL & Associates’ portion of Madison Square Mall, RCP Companies has been busy crafting a new vision for the site on University Drive. MidCity Huntsville is still being designed and things could change, but we do know it will be a mixed-use development including retail, commercial and office space, at least one hotel, and lots of multi-family residential units.

#2: Decatur Mall

After its acquisition by Hull Property Group earlier this year from Garrison Investment Group (New York), Decatur Mall is undergoing some pretty major renovations. It’s worth noting that Hull is the same group that bought and renovated Florence Mall in 2013, so they have experience in this area.

#3: The Oasis

There’s no actual completion date for The Oasis, a proposed 560,000 square foot development just off I-565 that’s being developed by The Oasis Real Estate Group of New York, but it’s an exciting prospect anyway. This “micro urban destination” includes hip food and drink venues, a luxury hotel and conference center, a medical arts center, a full-service spa, and a community arts program.

#4: Google Data Center

Google plans to build a $600 million data center in Stevenson, bringing 75-100 “high-paying” jobs to the area. This will be Google’s 7th data center in the United States and their 14th worldwide.

CCIM Alabama is Your Expert on 2017 Commercial Real Estate!

If you’re looking for Alabama CRE agents with a pulse on the latest trends, developments, and future projects in the commercial real estate world, there’s nobody better than a CCIM designee. Our members are leaders in the industry, and experts in their field. Interested in becoming a member or working with one of our agents? Contact us today!

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