2020 at Providence to include 360 apartments and 20,000 square feet of ground-floor retail within The Village of Providence community
HUNTSVILLE, AL (April 13, 2021) – WSS Development LLC has broken ground on a massive $100 million mixed-use development in Huntsville, Alabama, which is experiencing substantial growth. The project, 2020 at Providence, fills a void for luxury apartment homes and additional retail and restaurants within the The Village of Providence master-planned community.
The sponsorship venture is led by Marc Weil and David and Todd Slyman – the master developers of the 305-acre Village of Providence. The project will consist of 360 luxury apartment homes and 20,000 square feet of ground-floor retail at the intersection of Providence Main Street and Town Center Drive in the heart of the Village of Providence. Over 70% of the ground floor retail has already been leased and tenants include
Starbucks, The Cajun Steamer, Oh Crepe, and a soon to be named breakfast/lunch concept. The luxury apartment homes will resemble condominiums, featuring high-end finishes such as quartz countertops, wood and ceramic floors, stainless steel appliances, custom cabinets, washer/dryers and the newest wireless technology.
Building amenities will be unlike anything seen in Huntsville today, including a rooftop resort-style pool, rooftop state-of-the-art fitness center, high-speed elevators with direct entry from a secure covered parking deck and the latest in electronic package delivery.
Situated in the fastest-growing section of Huntsville and designed by the renowned Duany, Plater-Zyberk & Co., the Village of Providence has already been nationally recognized as Community of the Year by Best in American Living. It is home to hundreds of single-family homes, townhomes, live/work townhomes and a Town Center with over 800,000 square feet of office, restaurant, retail and hotels.
The Slyman’s have more than 30 years of development experience in the Huntsville market, and Weil was intricately involved in the successful development, management and disposition of the 300-unit Moderne at Providence apartment community located within The Village of Providence.
The construction and design team includes Humphreys and Associates Contractors, LLC, Riverstreet Architects, Goodwyn Mills and Cawood, and Geo Solutions. Financing is provided by BancorpSouth. Spaces
Management will be the management company for the project. The team expects to complete 2020 at Providence by the end of 2022.
“WSS Development is thrilled to satisfy the intense demand for Class A apartments within the vibrant Village of Providence community,” Weil said. “The broader Huntsville market is experiencing unprecedented growth from both a rent and employment standpoint. 2020 at Providence will provide the many professionals in the area with a luxurious rental option, literally steps from exceptional dining, retail and office.”
Dubbed “Rocket City USA,” Huntsville has one of the nation’s highest concentration of engineers and PhD recipients, Huntsville has seen its job market increase by 3.6% over the past year. The city is projected to have job growth of 40.9% over the next decade, exceeding the U.S. average of 33.5%.
“This is an exciting addition to the already vibrant master-planned community we have created,” Todd Slyman said. “We are confident the public will share our excitement and enthusiasm.”
David Slyman notes that 2020 at Providence will “deliver an extraordinary living experience, more similar to that of Buckhead, Nashville or New York. All within steps of new and existing award-winning restaurants, retail, entertainment and outdoor living options.”
For more information about the Village of Providence, visit https://www.villageofprovidence.com/.
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About WSS Development
WSS Development, LLC, was founded in 2019 by three industry veterans, Marc Weil, Todd Slyman and David Slyman, to develop multi-family projects with a focus on mixed-use, and primarily in the southeast United States. WSS is a vertically integrated real estate operating company that develops dynamic, amenity rich, high quality, communities that stand the test of time. Their unique design discipline results in the creation of communities with a true sense of place, that allow residents to live active lifestyles, within walking distance to award winning dining, retail, hospitality, medical and office.
WSS takes an entrepreneurial approach that possesses a track record in the implementation of sophisticated development strategies and employs a flexible business structure which allows its principals to underwrite, evaluate and execute opportunities efficiently. The firm is very well capitalized and encompasses extensive operating experience, which allows them to consider and implement attractive development strategies on behalf of its investors and partners. You can read more about the firm at www.wssdevelopment.com.
