Developers and the Development Process
The student must reply with at least 450–600 words
Each reply must
incorporate at least one scholarly citation in current APA format. Any sources cited must have
been published within the last five years. Cite the specific verse(s) for at least one Biblical
principle that you feel is relevant to the situation (explain how and why it applies). Acceptable
sources include peer-reviewed journals, the textbook, and the Bible.
Sources older than five years and non-scholarly sources such as trade publications and industry-
related websites may also be used in addition to the minimum number of scholarly sources.
Discussion to reply to:
Huntsville, Alabama has experienced a boom in its real estate development over the past decade and it has continued its real estate development surge as more private sector and government organizations continue to relocate into the area. The 2020 Census revealed that the “Rocket City” has surpassed the “Pittsburgh of the South”, Birmingham as the largest city in the state of Alabama with a total of 215, 006 versus 200,733 (U.S. News, 2021). Huntsville is in the top 3 in the United States for the highest collection of aerospace and electrical engineers as well as the high concentration of jobs for aerospace and electrical engineers (U.S. Bureau of Labor Statistics, 2021).
Google Fiber, Facebook, FBI, U.S. Space Command Headquarters, the United States Air Force relocation to Redstone and the Toyota Mazda Plant have been a part of the rapid growth into Huntsville which has led to a number of chain restaurants, local diners, national businesses and a number of local boutiques expanding to support the steady growth in the population along with the rise in income. Huntsville is located in Madison County where the median income is $65,449 which is second in the state only behind Shelby County and just short of the United States average median income of $68,703 (Gore, 2021).
The Huntsville zip code, 35806 is experiencing the most real estate development as it has recently open a number of establishments to include Bridgestreet Town Centre located at 365 The Bridge Street Huntsville, AL 35806 which opened in 2007. MidCity is a $350 million project which is the forth-largest real estate project in the United States is located 2 miles away from this expanding shopping center that has become the jewel of the city (Ramsey, 2018). Trader Joe’s which open in MidCity in 2021, offers Huntsville residents diverse selection of organic and specialty groceries. Best Buy has been a mainstay for prior to the opening of Bridgestreet Town Centre as it continues to be the top selection in the city for electronics. TopGolf, Dave & Busters, Cinemark, the Carosel at Bridgestreet, and Star and Strikes provide family entertainment along with the Westin, Hyatt, and the Element providing lodging for those traveling to the city.
Belk, H&M, Old Navy, and Dick’s Sporting Good are the anchor stores for this massive mall. The city’s rival mall, Parkway Place faced massive exodus of businesses when the pandemic raged in 2020 as it reduced the operating mall hours and many business that operated in both mall were forced to close. Bridgestreet and MidCity offers a number of dinning establishments such as Walburgers, Kona Grill, Connor’s Steakhouse, Texas De Brazil, Red Robin, Cheesecake Factory, Urban Cookhouse and P.F. Chang’s. Cafe’s 153 offers fresh brewed gourmet coffee and there is also a Vintage Cigar Lounge that provides fine cigars and specialty wine to those seeking to unwind with the friends. There isn’t any vacancies right now at Bridgestreet or MidCity as the each new building that is being put up has a tenant to occupy the new space.
References
Gore, L. (2021, Oct.13). 25 Alabama counties with highest median household income. AL.com. Date accessed: 1/13/22. Retrieved from: https://www.al.com/news/2021/10/25-alabama-counties-with-highest-median-household-income.html
Huntsville Now Alabama’s Largest City, Overtakes Birmingham. (2021, Aug. 13). US News. Associated Press. Date access: 1/13/22. Retrieved from: https://www.usnews.com/news/best-states/alabama/articles/2021-08-13/huntsville-now-alabamas-largest-city-overtakes-birmingham
Rumsey, S. (2018). Big league: Huntsville, Ala.’s $350 million MidCity is currently the fourth-largest real estate project in the U.S. Shopping Centers Today, 39(3), 26–27.
U.S. Bureau of Labor Statistics (2021). Occupational Employment and Wages. Date accessed: 1/13/22. Retrieved from: https://www.bls.gov/oes/current/oes172071.htm#st