T2 groundbreaking ceremony marks the start of a new multi-family development in downtown Huntsville
Published on August 22, 2022
Editor’s Note: This release was shared on behalf of T2 Capital Management, LLC.
At a momentous groundbreaking ceremony on August 22, 2022, T2 Capital Management, LLC, kicked off construction of Vista at Councill Square, the initial phase of the redevelopment of 600 St. Clair Street in downtown Huntsville .
In attendance were members of the T2 team, including Jeff Brown, CEO and Co-CIO; Tom Lowe, director of acquisitions and development; and John Felker, co-CIO. Other attendees were Tommy Battle, Mayor of Huntsville; Chad Emerson, President and CEO of Downtown Huntsville, Inc.; representatives from the William Hooper Council High Alumni Association; and many members of the design and build team who will help make Vista’s vision a reality in the coming year.
Brown expressed his gratitude during the dedication ceremony.
“We are grateful for the warm welcome we have received from so many people here in the great city of Huntsville,” he said. “We look forward to being an integral part of the community as it continues to grow. Our goal with this development is to reflect the ingenuity and excellence that Huntsville exemplifies.
Mayor Battle said Vista in Council Square defines city life.
“In our downtown master plan, this is the type of project we envisioned,” he said. “A repurposing of underutilized and aging properties that could be revitalized into live, work and play developments. retail next to Councill High Park and walking distance to the public library, Von Braun Center, Big Spring Park, grocery store, hospital, schools and more.
Emerson anticipates and welcomes the new development.
“Vista represents another innovative and strategic move to downtown Huntsville,” he said. “We are grateful to the T2 team and their investment in Rocket City Center! »
Both Emerson and Lowe exemplified the importance of community, which was a driving factor in the design of this development.
“I had the good fortune to meet many other great people in Huntsville over the past two years and it became clear early on that in addition to being a leader in innovation, economic development and job creation, Huntsville is also comprised of great people and a leader in providing an exemplary quality of life for its residents,” said Lowe. “We look forward to completing the residential communities being built in downtown Huntsville and we look forward to contributing to Huntsville’s quality of life for its residents.
T2’s acquisition of the 6.1-acre parcel adjacent to Council High Memorial Park on April 25, 2022 paved the way for Vista, a five-storey, 336-unit Class ‘A’ multi-family apartment building. T2 is working with Huntsville-based Matheny Goldmon Architecture and Chicago-based OKW Architects on the Vista design. Schoel Engineering manages the civil design of the site.
The St. Clair plot development is an exciting addition to T2’s growing portfolio. As a fully integrated platform with in-house assembly, legal, construction, leasing and asset management expertise, T2 has a unique perspective and takes a uniquely collaborative approach with its investments. In addition to Alabama, recent T2 acquisitions include properties in Georgia, Tennessee and Florida.
T2 is a growing private equity real estate firm headquartered in Wheaton, Illinois, with offices in Charleston, South Carolina, and soon to be in Nashville. Since its inception in 2011, T2 has deployed over $1.25 billion and currently manages over $500 million. The company is actively pursuing multiple development and investment opportunities in student housing and multi-family space.