Horizon Companies Announces The Reserves at Green Meadows, a 200-Unit Multi-Family Development in Huntsville, Alabama
*HUNTSVILLE, AL / ACCESSWIRE / June 30, 2021 /* Today, Horizon Companies announced their newest development project, The Reserves at Green Meadows, a 216-unit multi-family development in Huntsville, Alabama featuring four different unit sizes consisting of 1 to 4 bedrooms providing options for individuals and families of varying sizes. Huntsville's market has shown years of strong economic and population growth supporting the demand for this multifamily development Managing Partner of Horizon Companies. Preston Byrd is proud to oversee this $32M project that has also caught the attention of several city officials. Raj Valluri, Vice President of Development at Horizon Companies says that “It's been well documented through permit activity that multifamily construction had indeed slowed down in the years prior to 2019 however, this combined with the post-pandemic surge in demand has now created the conditions to accelerate the development of multifamily housing in Huntsville.”
Valluri added, “Clearly, the continued growth in jobs in the space exploration and auto industries have catapulted population growth in Huntsville and its surrounding suburbs and led to projections that it will become Alabama's biggest city in 2021.”
The development will include a Recreation/Deck Area, State-of-the-Art Fitness Center, Business Center, Two Tennis Courts, Swimming Pool, Children's Playground, Water Features, Dog Park, and On-site Walking and Trail, Hiking Trails. The 22-acre property boasts a highly sought-after location Ideal for new Huntsville residents attracted to the area thanks to the encouraging job opportunities. Additionally, Alabama University Students and Faculty will find the Reserves at Green Meadow an attractive option with convenient access to major retailers and a straight shot to Huntsville International Airport.
Construction is currently scheduled to start in the Fall of 2021 and is expected to be completed by Fall of 2022.
Preston Byrd founded Horizon in 2004 to focus on development opportunities in the multifamily housing sector. Originally operating as an independent developer, he later expanded the platform to outside investors who shared his values, goals, and objectives. Mr. Byrd currently co-chairs the Investment Committee. He assembled and leads the development team and works closely with the asset management team to help maximize operations at the investment level. He is responsible for the company's overall direction of development. Mr. Byrd has been an active real estate developer and investor for more than 18 years. As a Managing Partner, he has developed and executed revenue enhancement strategies for more than $1B in the multifamily housing sector. He specializes in the development, complex financial structuring, and management of risk.
Mr. Byrd attended Middle Tennessee State University with a concentration in architecture and civil engineering.
Founded in 2004,* *Horizon Companies* *is a fully-integrated privately held real estate investment, development, and management company that has extensive expertise in the affordable housing market and market-rate development space. We believe that the multi-family housing market holds unique investment opportunities in communities that are historically under-served by institutional capital. Historically, the Affordable Housing space has been a steady performer and a growing one. Horizon is a leader in the multifamily industry, and our goal is to continue using our expertise and industry-leading approach to meet the growing housing needs for all Americans. Our history of success is directly related to our commitment to quality and our strong development team.
*For more information, contact:*
ARMSTRONG PUBLIC RELATIONS
Will Armstrong - Founder
Will@ArmstrongPublicRelations.com
(310) 237-8506
*SOURCE: *Horizon Companies
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