HUNTSVILLE, AL | AUG 23, 2010–Military officers joined area civic, business, and political leaders Monday morning for the official groundbreaking for the new Redstone Gateway project. Over the next few years it is projected the facility, to be built on hundreds of currently unoccupied acres around Gate 9 at Redstone Arsenal, will include dozens of buildings housing up to 15,000 workers. Redstone Gateway’s 4.4 million square feet of office space is crucial to accommodating missions and related federal contractors moving to Redstone Arsenal and Huntsville as a result of recommendations made by the BRAC Commission.
MONTGOMERY, AL | JUNE 8, 2010–Jim Wilson & Associates, LLC (JWA) is pleased to announce that it has signed a lease with Earth Fare, the healthy supermarket, for a new store location in Montgomery, Alabama at EastChase, the ALFA Properties / JWA 330 acre mixed use development at Taylor Road and Interstate 85.
MONTGOMERY, AL | APR 14, 2010–New Park, the city’s newest neighborhood in East Montgomery off Ray Thorington Road, is pleased to announce that Alabama Power is partnering with Hugh Cole Builder, Inc., in constructing the City’s first ENERGY STAR home in New Park, which will feature high energy efficient heat pumps and a Marathon electric water heater. Other energy efficient features are increased wall, ceiling and attic insulation and proper sealing of all exterior penetrations such as plumbing and electrical work.
MONTGOMERY, AL | MAR 10, 2010–The head of one of Montgomery’s largest real estate development firms said the financial crisis means it will be far more difficult for such companies to construct huge projects. Jim Wilson III, CEO of Jim Wilson & Associates, was named the Auburn Montgomery Outstanding Business Leader of the Year on Tuesday. The company that built such Montgomery landmarks as EastChase and Wynlakes could well be reduced to the role of real estate agent if current trends continue, he said. “We will be nothing but a broker,” he said. “The risk profile will come off of us. “Today, I can’t sell the dream of an EastChase being built.”
MONTGOMERY, AL | MAR 23, 2010–Jim Wilson & Associates (JWA) is pleased to announce the formation of a joint venture with Corporate Office Properties Trust (COPT) for the development of Redstone Gateway, a 468 acre land parcel adjacent to Redstone Arsenal in Huntsville, Alabama. To be developed as a business park, this site will be home to over 4.6 million square feet of office, retail and hotel space upon completion. With land owned by the U.S. Government and leased to the joint venture pursuant to a long term ground lease through the government’s Enhanced Use Lease (EUL) program, the business park is planned to be developed in three phases and will feature three to six story office buildings containing 80,000 to 165,000 square feet. Meeting also a need for secured office space, over 1.2 million square feet will be within the secure area of Redstone Arsenal.