Monthly Archives: February 2011

Property developer says Huntsville growth is far from over

Hey guys, Zack here. Check out this amazing article I found talking about the grow of Huntsville that is around the corner.I found it on AL.com which was taken from the Birmingham News: The Insider

Huntsville is likely to be a winner again should another round of military base closings be ordered by whoever is president in 2015, according to the head of one of the biggest commercial property developers in the country.

Randall Griffin, CEO of Maryland-based Corporate Office Properties Trust, told a conference of commercial real estate pros that conversations he’s had with major players in Washington lead him to believe that Huntsville’s dramatic military-related growth is far from over.

The current round of re-alignments ordered by President George W. Bush on the recommendation of the Base Closure and Realignment Commission is expected to bring 20,000 jobs to Huntsville from closed bases elsewhere. The next round of base closings is expected in 2015, and Huntsville is well-positioned, Griffin said.

“Buy a lot in Huntsville,” he said.

Griffin has a lot to gain from growth in Huntsville. His company is in the early stages of building a $1 billion office park on 486 acres near Cummings Research Park. The Cummings facility — a public-private initiative — can’t build on spec. But Griffin’s project is all speculative.

– By Stan Diel — The Birmingham News

 

This BRAC move is certainly going to change the game here in Huntsville, AL. In fact, I think it is going to blow up the real estate market because so many new families are going to need a home right? And military folks are some of the best renters you can find.

 

Until next time,

Zack

 

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