Madison development put on hold - WAFF-TV: News, Weather and Sports for Huntsville, AL

Madison development put on hold

A proposed major retail shopping complex is on hold after the company that planned to build the development has backed out.

The proposed site is at I-565 and Zierdt Road in Madison.

An undeveloped yet prime piece of property for a multi-million dollar development.

We found out today the deal to build has been put on hold.

There's no doubt Madison is a rapidly growing area.

With the future of BRAC on the horizon, some 15,000 jobs will be created in the next few years.

Madison City leaders say the area needs and deserves a place for new comers to shop.

The proposed area came under controversy a year ago when the city wanted to turn the site into a multi-million dollar shopping center, generating sales tax revenue, and no doubt attracting other commercial development to an already growing city.

The problem for Madison though, the property owner wants his land moved into the Huntsville City limits.

While that fight goes through the courts, another problem has come up.

The developer, the DeBartlo company, who hoped to build "The Shoppes at River Bend," a power center featuring over 2 million square feet of stores, specialty retailers, restaurants and hotels, has fallen through.

Now, the land owner is looking for someone else to turn this empty lot into a money maker.

We spoke with a leasing representative who says they hope to have another interested developer take over the land soon.

If that happens, the plan is to build a site much like the one that was already drawn up.

Powered by Frankly