Cummings Research Park (CRP) in Huntsville, AL has unveiled plans for a mixed-use development on the site of a former high school. Described as a first-of-its-kind development for the nation’s second largest research park, the facility, named Arcadia, will feature 12,000 square feet of office and 7,000 square feet dedicated to retail as well as 251 apartment units.
“Arcadia has been conceived by developers with purposeful intent,” said Erin Koshut, CRP Executive Director. “CRP East needed to become a more viable and healthy part of the market, as we’ve already seen in developments in the western portion of CRP. Looking at occupancy rates from last year, CRP East was just over 88 percent occupied, whereas CRP West was nearly 98 percent occupied.”
CRP, which is celebrating its 60th anniversary in 2022, is home of more than 300 companies, 26,000 employees, and 13,500 students. The largest research park in the U.S. is Research Triangle Park in North Carolina.
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