Bristol, PGM plan $30M Huntsville project
Nashville firms Bristol Development and PGM Properties have teamed up on a plan to redevelop a former public-housing site in downtown Huntsville into a mixed-use center featuring 200 apartments and more than 65,000 square feet of retail space. The two companies say they will pump more than $30 million into the 5.6-acre project, which will rise near Huntsville Hospital.
Yeager estimates the new stores and restaurants will have annual sales of $50 million, providing the city with a windfall of new sales tax revenue.
"I think this is going to be a game-changer" for downtown, he said.
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See a rendering of the new development
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Real estate notes: Deals and market chatter
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