FOR IMMEDIATE RELEASE
August 30, 2022
CONTACT: Courtney Hall
New Mixed-Use Development:
Arcadia Groundbreaking Ceremony Slated for September 12
HUNTSVILLE, AL – Bobo Development Group and Retail Specialists are excited to jointly announce a groundbreaking event for Arcadia, a new mixed-use development in Huntsville. The ceremony will be held on Monday, September 12 at 11 a.m.
“With Huntsville’s current and projected growth, this new project is breaking ground at a perfect time,” said James Bobo, chief executive officer at Bobo Development Group. “Arcadia is coming to the market as Huntsville continues a population boom creating demand for housing. The retail and restaurant amenities that will accompany the residential units at Arcadia are ideal for someone that wants to live and work in a high-end development.”
We’re excited to host this groundbreaking in the Rocket City and it’s a project that our team is really proud of.”James Bobo
Located in the Cummings Research Park, Arcadia sits directly across from the new Alabama School of Cyber Technology at 4810 Bradford Drive, one of the busiest corners in the area. Once built, Arcadia will stand six stories with 12,000 square feet of office, 7,000 square feet of retail and restaurant, and 250 residential units.
“Breaking ground on Arcadia next month is an exciting time for each member of the team we have assembled for this development,” said Robert Jolly, chief executive officer of Retail Specialists.
“This development will be a significant one for Huntsville and Cummings Research Park. We hope it acts as a catalyst for continued growth in the area.”Robert Jolly
Arcadia is being developed by Bobo Development Group, Retail Specialists, and Boaz Ventures. Capstone Building Corporation has started construction on Arcadia which is designed and engineered by Williams Blackstock Engineering. Residential and commercial units are slated to be delivered in late 2024.
About Bobo Development Group
The Bobo Development Group is based in Florence, Alabama, and is a commercial real estate investment group. The company was started in 1945 by the late H.M. Bobo, who invested in, managed, and developed commercial and residential real estate. Today, Bobo Family Group has grown to include brokerage, management, and consulting in its professional portfolio.
About Retail Specialists
Retail Specialists, LLC is the premier retail real estate services firm in the south. We are committed to long-term relationships in property management, retail representation, development, leasing, and brokerage. Founded in 2005, we’ve thrived through tough times and shine under pressure. A unique mix of experience, technology, and data have proven successful in a business we love.