HUNTSVILLE, Ala. (WAAY) – City officials announced Monday that the old Holiday Inn site in downtown Huntsville will be redeveloped into a $70 million site with a hotel, offices, restaurants and apartments.
The city awarded the development to CRS Big Spring, which is made up of Central Realty Holdings in Greeneville, S.C., RCP Companies in Huntsville and Strand Development Company in Myrtle Beach.
City officials said the development will include a hotel, 28,000 square feet of space for offices, restaurants and retail shops, 200 residential units and a parking deck.
The old Holiday Inn building is scheduled to be torn down starting in November. Construction on the new development would begin by April 2015 with a projected finish date in summer 2016.