Costar (Alabama Section)
The first phase of The Shops at Merchants Walk on South Memorial Pky. in Huntsville, AL is in the books.
RCP Cos.’ completed construction earlier this month on the new 90,000-square-foot retail center, which is set to be anchored by the first Whole Foods in North Alabama. Additional tenants will include lululemon athletica showroom, Farm Burger, Spa Sydell, Mountain High Outfitters, Maki Fresh, Orangetheory Fitness, Local Taco, The Masters Aveda Salon and DressUp Boutique, which are all expected to take occupancy within the next 90 days. The 42,000-square-foot Whole Foods is slated to open November 14th.
An Alabama-based boutique real estate firm, RCP began construction on the development in mid-2014 next to the 650,000-square-foot Parkway Place regional mall at the intersection of Bob Wallace Pky. and Memorial Pky. in South Huntsville.
“The Shops at Merchants Walk is a catalyst development that connects new retailers to the Huntsville Central Business District, affluent Huntsville neighborhoods, North Alabama’s regional medical hubs and beyond,” noted Max Grelier, executive vice president of RCP.
Measures were taken in order to equip the Shops at Merchants Walk with energy-saving features. Solar panels and wind turbines power LED lights are currently be installed at the site, as well as charging ports for smart cars and bike racks for cyclists.
In addition to The Shops at Merchant Walk, RCP will also be the developer for the upcoming CityCentre at Big Spring Apts., a planned 270-unit multifamily complex slated to break ground next year in Huntsville’s central business district.
Dart Retail Advisors is marketing The Shops at Merchant Walk on behalf of RCP. The development is approaching 90% occupancy with roughly 10,000 square feet of boutique shop space currently available for lease.