|By the Summer of 2012, the Belk-Hudson building and adjacent lots (top picture) will be home to the largest downtown residential development in modern Huntsville history (Bottom picture-- photo credit: Schoel Architecture of Decatur)|
One of the major concerns about downtown living is the prohibitive cost, especially for young professionals and empty-nesters, the groups of people most likely to live there. According to Zillow, the cheapest residence for sale downtown right now is about $370,000. The one- and two-bedroom apartments at Belk-Hudson will rent between $850 and $1350 per month-- comparable to a nice apartment out in the suburbs.
So, what do you guys think? Awesome? Pointless? The start of something huge for downtown, or a one-time event?