The stars have finally aligned at Constellation in downtown Huntsville.
Huntsville developer Scott McLain and partners met for a news conference this morning at the SpringHill Suites by Marriott to discuss the future of the old Heart of Huntsville Mall property on Memorial Parkway at Clinton Avenue.
The $180 million project will feature nearly 1.5 million square feet of mixed-use offerings, including apartments, hotels, retail, office, and parking decks. McLain said Constellation “might seem long in the tooth with many years of pre-development, but the tempo of the project recently changed and accelerated dramatically.”
“The change that has brought the stars into alignment at Constellation is the partnership with Equibase Capital Group, LLC, of Chicago,” he said. “As co-developer with Equibase, I can easily say that there may not be a finer partnership for a mixed-use development.”
McLain said Equibase, an entrepreneurial real estate investment firm, has been working in the Huntsville area for three years. The group’s principals — David Husman, Peter Wall, and Timothy Grogan — have developed more than 10,000 multi-family units, including urban high-rise properties, power centers and other retail shopping centers, office buildings, and large single-family developments.