$325 million development OK’d for downtown Huntsville
The Huntsville City Council approved a $325 million mixed-use project planned for a location in downtown Huntsville near the Von Braun Center. A New York developer plans a hotel, apartments and retail to the spot that until 2012 was a Coca-Cola bottling company. Construction on the 13-acre site will begin in the fall of 2022. – AL.com
Gov. Ivey allocates millions for electric vehicle charging stations
Gov. Kay Ivey awarded 18 grants totaling more than $4.1 million to stall electric vehicle charging stations along interstates and other major highways in central and north Alabama. The grants, coming from the Volkswagen Settlement Plan and the Alabama Legislature, would fund up to 80% of the cost of the charging stations. – ABC 33/40
Gadsden facilities sold to Texas group
A five-property, 250,000-square-foot portfolio sold to a Fort Worth, Texas, group includes two facilities in Gadsden. The real estate investment group will lease the Alabama and Texas properties back to Decatur Plastic Products, which occupies the facilities. – Fort Worth Business Press
Yanfeng U.S. shutting its doors in Cottondale
More than 90 people will be out of work when Yanfeng U.S. Automotive Systems shuts its doors in Cottondale in Tuscaloosa County on June 19. Some employees will be able to transfer to other Yanfeng facilities across North America that are part of the Chinese company’s footprint. – Patch
