Groundbreaking Held for $1 Billion Redstone Gateway Project

HUNTSVILLE, AL | AUG 23, 2010–Military officers joined area civic, business, and political leaders Monday morning for the official groundbreaking for the new Redstone Gateway project. Over the next few years it is projected the facility, to be built on hundreds of currently unoccupied acres around Gate 9 at Redstone Arsenal, will include dozens of buildings housing up to 15,000 workers. Redstone Gateway’s 4.4 million square feet of office space is crucial to accommodating missions and related federal contractors moving to Redstone Arsenal and Huntsville as a result of recommendations made by the BRAC Commission.

The park will support the missions of Redstone Arsenal and will bring as many as 15,000 jobs to the area. Creating a signature entryway to Redstone Arsenal, this park will provide a collaborative place for Army employees and defense contractors to work together in a high quality, “green” environment. In addition to its 4.4 million sf of planned office space (including 1.2 million sf of secure space, behind the Redstone Arsenal gate), the park will offer approximately 124,000 sf of convenience retail, restaurants, hotels and more.

Redstone Gateway will be built in three phases over the next 15 to 20 years. Corporate Office Properties Trust (COPT), in joint venture with Jim Wilson & Associates, LLC (JWA), is developing Redstone Gateway. COPT is the managing partner of the joint venture and is responsible for development, leasing and management of the office space at Redstone Gateway. JWA will be developing and leasing the retail component of the project.

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