In addition to the luxury hotel and conference center, the project also promises an advanced medical arts complex, a full-service spa, an “innovative culinary center” and an “avant-garde community arts program.”
“Everything is sited around a public park, plazas and sophisticated streetscapes,” the announcement said.
“The architecture of the buildings is provocative and modern and matches the culture of the high-tech, military and manufacturing industries that make northern Alabama a growing economic powerhouse.”
The Oasis will be located off Exit 3 on I-565 at the southwest corner of the expressway and Swancott Road, according to the announcement. The development would be on piece of land annexed by the city of Huntsville in Limestone County.
The project is still in development and no completion date has been set, the announcement said. A video that accompanied the announcement, however, said that groundbreaking is planned for later this year and completion is targeted for 2018.
The project is being developed by The Oasis Real Estate Group in White Plains, N.Y. The real estate group plans to open offices soon in downtown Huntsville, the announcement said. Leasing for the development is being handled by Crunkleton.
The Oasis is “celebrating good living, good food and good times,” according to the video posted on the Crunkleton blog.
Do we really need this?
BridgeStreet, TownMadison, now this…
Sounds amazing, but too good to be true.
n 2008, plans were announced to develop a major retail center called Sweetwater at the southwest corner of I-65 and Alabama 20 in Decatur. That project was to have been anchored by a Bass Pro Shops. The development was to have created 4,000 jobs over 15-20 years.
However, the developer, Genesis USA Development LLC, never purchased the land where it planned to build Sweetwater and filed a $60 million lawsuit against the property owner. The project was finally declared dead in 2014.
In 2003, a plan by the owner of a Huntsville arena football team to build a $35 million sports and retail complex at the intersection of I-65 and I-565 went fell by the wayside after the project failed to gain investors. Clarkson, then owner of the former Tennessee Valley Vipers, spent $300,000 to buy options on the land, but wasn’t able to find investors to put up $12 million to buy the property.
If this was real thing, local politicians would be all over it.
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