The News Courier in Athens, Alabama

Local News

February 25, 2013

Madison leaders detail growth, future


Huntsville growth

Though many may mistake other developments east of County Line Road — like the new Walmart shopping center on U.S. 72 — as Madison projects, they are solely Huntsville projects.

The new Walmart opened for business in the fall, and work continues to develop land to the south of the store. A Zaxby’s and Panda Express opened within the last two weeks.

The three-phase project, developed by Birmingham-based Colonial Properties, is far from completion. Phase 2 will consist of 80,000 square feet of commercial space, while Phase 3 includes a 27-acre multifamily residential development.

Another Huntsville project, Madison Corners, is also nearing completion. Nashville-based GBT Realty Corp. announced late last month the project is 70 percent leased.

Located at the corner of U.S. 72 and Balch Road, the development contains Firehouse Subs, LawLer’s Barbecue, Hibachi Express and La Belle Nail Salon. Four additional, 1,600-square-foot spaces remain available.

The company has also closed on the sale of out parcels to BB&T bank and I Love Sushi, a popular local restaurant with one other location in Huntsville. Both are under construction and expected to be completed this summer.

A remaining 3.12-acre parcel is still available, which could accommodate many uses including office space or a hotel.

The sale of a 3.49-acre parcel has been sold to Triad Properties Corp. for the construction of a planned 60,000-square-foot, Class A, medical office building.

A second phase multi-tenant retail building is also to be developed containing 7,200 square feet. This addition is expected to start in spring.

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