Middleburg Communities has broken ground on Mosby Bridge Street, a 290-unit apartment development in Cummings Research Park. Construction on the community at 320 Voyager Way is expected to be completed April 2022 with leasing starting in May 2021.
“Mosby Bridge Street is another excellent example of utilizing our extensive research capabilities to identify prime locations surrounded by significant population and employment growth,” said Chris Finlay, Managing Partner of Middleburg Communities. “By executing through our fully integrated team of development, construction, property management, and investment management, we are able to deliver better value to our residents and increased returns to our investment partners.”
Once completed, the property will be self-managed by Middleburg Communities, a Virginia-based real estate investment, development, construction and management firm.
“Middleburg is very excited to start this transformative development in what has become the fastest growing tech city in the U.S. and within Cummings Research Park, the second largest research park in the country,” said Middleburg Communities Vice President of Development Alexi Papapieris. “Mosby Bridge Street is our first investment in the Huntsville area and this property exceeded our most exacting standards, demonstrating strong job and population growth, a highly educated STEM workforce, new major employment hubs underway and immediate access to amenities, recreation and transportation corridors.”
Mosby Bridge Street will offer residents one-, two- and three-bedroom luxury apartments in four, four-story, elevator-served buildings with controlled access, conditioned corridors.
The development will feature Middleburg Communities’ Local Heroes program, which honors firefighters, police officers, emergency medical technicians and public school teachers by providing them with a rent discount for a select number of units.
Residents will be walking distance from the Bridge Street Town Centre and the community is enveloped by Cummings Research Park, home to a hub of science, technology, tech, space and defense companies, business incubators and higher education institutions.
The 3,800-acre CRP is home to nearly 300 companies in total and more than 30,000 employees and students. This is in addition to another 36,000 jobs at nearby Redstone Arsenal, which includes multiple Army commands, NASA’s Marshall Space Flight Center and the FBI’s new $1 billion campus focused on cybersecurity.