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Transactions - AUGUST 27, 2021

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Nicol Investment to develop $200m mixed-use project

by Andrea Zander

Nicol Investment Co. has plans to develop Upland Park, a $200 million mixed-use development located in Huntsville, Ala. The 60-acre project features multifamily and senior living residences, restaurants, retail, office, and entertainment, with ample public green space.

Located on Enterprise Way at Cummings Research Park — the second-largest research park in the country and the fourth largest in the world — Upland Park will be anchored by HQ, a creative office and retail project co-developed with Nashville-based Vintage South.

The master plan includes The Kelvin, a 301-unit class A community; Vitality at Upland Park, a 189-unit class A senior-care project; and The Collins, a 334-unit class A multifamily community featuring 150 Big House units designed by Humphreys & Partners. The Collins' Big House units are unique to the market and have been well-received, offering residents stand-alone buildings with private garages and entrances.

Upland Park is a multi

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