Opportunity Zones: What Are They and How Could They Affect Investment in Downtown Huntsville?

On March 21, 2018, Alabama Governor Kay Ivey nominated 158 population census tracts, including 10 in Madison County, for designation as “qualified opportunity zones” pursuant to the Tax Cut and Jobs Act of 2017 signed into law by President Trump on December 22, 2017. As of July 9, 2018, the final list of qualifying Opportunity Zones was published by the IRS in Notice 2018-48.

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The Measurable Metrics of Downtown Huntsville

As we’ve discussed in previous posts, we place high value on using metrics to measure how Downtown is developing.  This can include market studies like our Downtown Retail Demand Study or our (soon to be updated) Downtown Housing Study Summary. It can also include less conventional metrics like traffic counts and how they are affecting activity in our city center.  Fortunately, we have great partners like the City of Huntsville’s Traffic Engineering Department that can help analyze changes using empirical data. 

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It’s Tinsel Trail Time

If you’ve walked through Big Spring Park East in the last week, you’ve noticed something special has started—Tinsel Trail preparations!  With the picket fencing being installed, the beginning of a Huntsville holiday tradition is well underway. Soon, 300 trees will be delivered, installed, and selected by our fantastic tree sponsors.

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Reflections on the 2018 International Downtown Association Gathering

Each year, the International Downtown Association hosts its annual conference where Downtown thought-leaders and advocates from around the world gather to share their successes (and challenges) in revitalizing city centers.  This year’s event was held in Downtown San Antonio with the host team Centro San Antonio working with IDA staff and volunteers to organize an amazing three days of tours, plenaries, breakout sessions, and networking.

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A Big LIT Thank You

If you are reading this, you might have been one of the thousands of people who enjoyed the 5th Annual LIT: Light+Innovation+Technology Festival this weekend in Downtown Huntsville. Each year, we don’t think we can be more amazed by our talented light artist.  But, each year we are.  The 2018 LIT was no exception.  As we finish up the 5th Anniversary of this signature event, we thought it would be a good time to reflect on the growing success and look forward to the unique possibilities.

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What is Your Place Brand?

Place Branding is driven by authenticity.  Discovering what makes your "place" unique and then sharing that uniqueness with guests in novel and interesting ways is critical to success.  Place Branding expands well beyond marketing campaigns or slogans because its goal is to help the audience experience a Place rather than just be told about it. 

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Unique Office Spaces in Downtown Huntsville

The term “Class A” office building generally refers to the highest end office spaces in a city.  Oftentimes, these are concentrated in the Downtown area but can also be found in other metro areas such as suburban office parks.  That’s exactly the case here in Huntsville where you find the largest concentration of Class A office space in the research parks and Redstone Gateway focused around Gate 9 of Redstone Arsenal.

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The Many Housing Types of Downtown Huntsville

The advantage of a strong Downtown residential population is that people typically shop for essentials and spend the largest amount of time near their home.  While Downtown worker populations are great for the lunch trade and some categories of shopping, individuals will often buy their groceries, fill their prescriptions, pick up supplies and the like close to their home if that option is available.  

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The Urbanizing of Shipping Containers

One of the most durable structures that engineers have developed over the years is the shipping container.  Designed to transport a wide variety of products and materials on long journeys through harsh elements like oceans, the shipping container is built to last (much like its close cousin the train box car).  In light of this, what if durable shipping containers could serve as the “structures” in an urban real estate development.

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The Economic Impact of DHI Events

“In 2018, DHI will host “free to attend” events on over 100 days of the year from January to December.  These free activities include signature events like Tinsel Trail, Food Truck All-Stars, L.I.T., Buskerfest, Paddle the Canal and other destination gatherings.  They all include smaller but important regularly scheduled events like Under the Lights, Busker Fridays, and the Friday Night Art Walks.”

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The Story Behind Downtown Huntsville Women in Music Weekend

The inaugural Downtown Huntsville Women in Music Weekend featured 30 performers at over 15 venues over of the course of four music-packed days.  These incredible musicians played at a diverse set of venues including a coffee shop, wine bar, local breweries, restaurants and busker corners around Downtown.

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