Ground was broken Thursday for a five-story business building at 225 Holmes Ave. in Huntsville, the first speculative building in downtown in 15 years.
Bank Independent will use first floor space for its Madison County sales office with additional offices on the fifth floor.
Bank Independent is teaming with Prince Holdings on the project, which will provide 55,000 square feet of Class A office space and street-level retail.
“Bank Independent is invested in the future of downtown Huntsville and Madison County,” says Macke Mauldin, president and CEO of BancIndependent Inc. “We have been part of the downtown Huntsville community since 2014, and we are excited to demonstrate our commitment to this market with the development of 225 Holmes Avenue.”
Brendan Pierce, manager of the family-owned asset management firm Prince Holdings, added, “It’s been great to watch downtown Huntsville develop into a lively and distinct community. It has balanced authenticity with economic growth. Prince Holdings is excited to contribute to such a dynamic area.”
Architect for the project is Huntsville’s Nola|VanPeursem Architects. Robins & Morton, based in Birmingham, is the lead contractor and Colliers International|Alabama is leasing agent.
