The Village of Providence continued its expansion efforts Thursday with an official kickoff of Phase VIII, which will create 52 custom homes at the Huntsville neighborhood development.
Developer David Slyman said 15 of the homes are currently under construction at the west end of the Providence bridge, with more to be added over time. The eighth phase represents a $25 million investment, Slyman said.
Officials also took the opportunity to celebrate winning the 2014 Community of the Year Award from the National Association of Home Builders and the Platinum Award for Best Mixed-Use Community. The awards recognize outstanding achievement and innovation each year.
“When you get the Community of the Year from the National Home Builders Association, that is something that nobody else has done as they said in Alabama for 30 years, but it is also something that makes us very proud to be part of Huntsville,” Huntsville Mayor Tommy Battle told the crowd. “As part of Huntsville, this shows that Huntsville is always on the cutting edge.”
Slyman said he and his brother, Todd, had planned to cut the ribbon on Phase VIII late last year, but wet weather “put us way behind the eight ball.”
He said home sales have been rapidly picking up since the weather has improved.
“We expect it won’t be too long until we announce Phase IX,” he said.
Only one-third of the Village has been built, and more than $350 million has been invested since its inception. The Village of Providence now has more than 200 homes, 226 apartments, two national hotels, several restaurants and businesses, and over 450 workers.
Slyman, who said another 400 homes will be built at the Village of Providence, said new multi-family and retail components should come to fruition in the future.
“On the Village side, we’ll have some other announcements coming,” he said. “We’ve got another corporation getting ready to locate here. We’ve got another hotel to announce shortly, and another phase of our Providence Place Apartments.”