HUNTSVILLE, Ala. (WHNT) - The Holiday Inn across from Big Spring Park has closed and sits vacant. Now, we wait to see what will go there.
The City of Huntsville is preparing a RFP, or Request for Proposals to be issued next month. This step will invite developers from all over the country to submit redevelopment proposals for the site.
What will they suggest? It could be a hotel, it could be lofts. It could be a combination or something entirely different -- we'll just have to wait and see, according to Chad Emerson, CEO of Downtown Huntsville, Inc.
"That's the beauty of the RFP proposal - a request for proposal process - because it's a blank slate - and you can build from the strategic site, overlooking the park, and decide what fits there best," Emerson said in his Downtown Huntsville Weekly segment on WHNT News 19.
"We think it will be one of the most popular sites that's ever been made available in downtown, because what is really does is it bookends Big Spring Park with the square/Big Spring Park east with the southwestern end - so we think it's going to be a really, well sought-after site," Emerson added.
There was big news this week about Constellation, too. That's the property just east of Memorial Parkway at Clinton Avenue. It's sat vacant for more than five years, but we could see big changes there very soon, according to developer D. Scott McLain.
McLain said there are new plans to bring a hotel, apartments, retail stores and restaurants.
Emerson said developers like "opportunity sites" like Constellation because they are visible to drivers. The land is also flat, with water nearby.
"That's one of those sites, just along with a couple others, that if all of these develop as planned, or as anticipated, you could see upwards of $500 million worth of investment in downtown in the next decade."
Check out the Downtown Huntsville Inc. Facebook page for daily updates about what's happening downtown.