WSS Development Breaks Ground on $100M Luxury Apartment Project in Huntsville, Alabama
HUNTSVILLE, ALA. — WSS Development LLC has broken ground on 2020 at Providence, a $100 million luxury apartment project in Huntsville. The development is situated within the larger 305-acre Village of Providence master-planned community.
Located at the intersection of Providence Main Street and Town Center Drive, 2020 at Providence will feature 360 luxury apartment units and 20,000 square feet of ground-floor retail space. More than 70 percent of the retail space has been leased to Starbucks, The Cajun Steamer, Oh Crepe and an unnamed breakfast and lunch concept.
Amenities will include a rooftop pool, rooftop fitness center, covered parking deck, high-speed elevators and an electronic package delivery system.
The project team includes Humphreys & Associates Contractors LLC, Riverstreet Architects, Goodwyn Mills Cawood and Geo Solutions. BancorpSouth provided financing and Spaces Management will serve as property manager. Completion is slated for the end of 2022.
The surrounding Village of Providence, which Duany, Plater-Zyberk & Co. designed and WSS developed, is home to hundreds of single-family homes, townhomes and a town center that includes more than 800,000 square feet of office, restaurants, retail and hotels.
“The broader Huntsville market is experiencing unprecedented growth from both a rent and employment standpoint,” says Marc Weil, one of the founders of WSS.
The Huntsville job market has increased by 3.6 percent over the past year and the city is projected to have job growth of 40.9 percent over the next decade, according to WSS.
Founded in 2019 by Weil, Todd Slyman and David Slyman, WSS develops multifamily projects primarily in the Southeast.
— Kristin Hiller