The Village of Providence in Huntsville got a shoutout Wednesday in a Fortune Magazine article on new home trends for 2015.
The live-work-play development off U.S. 72 was praised for being a walkable community with a mix of uses. The mention comes after the Village of Providence was named the 2014 Community of the Year by the National Association of Home Builders.
Village of Providence, developed by brothers David and Todd Slyman, also won the Platinum Award for Best Mixed-Use Community.
” … The award highlights the growing awareness of not only the financial, but the social and even emotional benefits of living in a community with walkable streets, multiple modes of transportation, and a mix of uses,” said Fortune writer Marianne Cusato.
Click here to read the article.
The Village of Providence hosted a ribbon cutting last month for its new Phase VIII expansion, which represents a $25 million investment and will create 52 custom homes.
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.
Cusato said demand for homes in walkable communities like Village of Providence is growing, but the supply is short.
“We’ll see this trend continue — and more and more builders and developers will follow the lead of the Village of Providence,” she said.