O&S Holdings is underway on a $210 million project in Huntsville, Alabama, called Bridge Street Town Centre. The 2 million-square-foot mixed-use destination will open in spring 2007.
Bridge Street Town Centre
Los Angeles-based O&S Holdings, LLC has become a major player in retail and mixed-use development in the Gulf States. Currently, the company is developing a $210 million project in Huntsville, Alabama. Called Bridge Street Town Centre, the 2 million-square-foot project broke ground on June 1, 2005. Once completed in spring 2007, it will include 500,000 square feet of retail stores, restaurants, entertainment venues, office space, hotels and residences in Huntsville's Cummings Research Park, the second largest research park in the United States. Alabama Gov. Bob Riley calls Bridge Street Town Centre “almost like an oasis in the state of Alabama.”
The development will be anchored by a 16-screen Regal Cinemas and the state's first four-star Westin Hotels & Residences, which will include 200 hotel rooms and 45 luxury condominiums on the top five floors of the 11-story building. Both Regal Cinemas and the Westin Hotel are part of Phase I, which also includes office buildings, retail stores, a performing arts center and two man-made lakes. Phase I is expected to open at the end of this year.
“Huntsville may be one of the most underserved, affluent markets in the United States,” notes Gary Safady, a managing partner with O&S Holdings. At least 20 of the prospective retail tenants at the center, Safady adds, will be national tenants who are new to the market.
“Huntsville has been named the sixth best place to do business in the U.S. by Forbes magazine, and it has the fourth highest average salary in the Southeast,” says Rachel Forman, director of corporate marketing for O&S Holdings. “It has expansive feeder markets with Madison and Decatur within 20 miles and Birmingham within 100 miles.”
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