Bridge Street update.
Really they should scrap the boring second phase 2 strip mall idea and go
ahead and add a second hotel as they mention.
By MARIAN ACCARDI
Times Business Writer
[email protected]
O&S focuses on growth, rejects unsolicited offer
O&S Holdings continues to focus on the second and third phases of its Bridge Street Town Centre, said a spokeswoman with the California-based developer, and has never marketed the project for sale.
Spokeswoman Rachel Forman said an unsolicited offer to buy Bridge Street was made in the late summer from an institutional investor who owns and manages shopping centers across the country.
"We went through a few months of due diligence and decided we didn't want to sell the center," Forman said.
The mixed-use Bridge Street, which now has about 50 shops and restaurants, was "never for sale," she said. "We're focused on maximizing the potential of Bridge Street and working with the city on phase two and phase three.
"We're committed to Huntsville."
The only announced tenant for the second phase at Bridge Street is Sports Authority. The 42,000-square-foot store is scheduled to open in fall 2009. It will be Sports Authority's first store in Huntsville.
Bridge Street's second phase will include more than 150,000 square feet of big-box and specialty stores and 790 additional parking spaces, according to O&S Holdings. Forman said the company is close to announcing two additional tenants.
"We have no plans for phase three," Forman said.
"It's extremely preliminary, but we're evaluating additional retail, possibly another hotel. Again, it's extremely preliminary."
Bridge Street also has a 14-screen Monaco Pictures cinema, the Westin Huntsville that will include 35 condominiums and a 144,000-square-foot office building.