MidSouth Franklin TN and Partners Completes $12.1M Sale of 89.25 Acres for Mixed-Use in Huntsville, AL to McKinley Homes US, LLC
HUNTSVILLE, AL June 15, 2023 / MidSouth Franklin TN LLC - MidSouth Franklin today announced the successful closing with McKinley Homes of Atlanta, GA of 89.25 acres of picturesque mixed-use land in the Chase Valley area of Huntsville, AL. Situated just off Highway 72 East, this captivating expanse of legacy land has been named "Martinson Ranch" in honor of the original owners, the Martinson family, whose father first envisioned a mixed-use development at this location 20 years ago. The property's strategic positioning just 12 minutes from downtown Huntsville and its planned commercial and park areas will make Martinson Ranch the anchor development site for Chase Valley. The vision for Martinson Ranch is ambitious with plans for 512 rental units, 168 homes and townhomes available for sale and 8.2 acres of mixed-use space featuring retail, commercial, office, and hotel facilities.
About MidSouth Franklin TN: MidSouth Franklin TN is a dynamic land development company committed to bringing landowners and developers together to create legacy, purpose and maximized value. Our passion is creating vibrant communities that stand the test of time. Land. People. Community. Together for better tomorrows.
About McKinley Homes US, LLC: McKinley Homes US, LLC is a land developer and builder based in Peachtree Corners in Metro Atlanta GA and specializes in real estate development and vertical construction. Members of the McKinley development team have more than 45 years of experience, developing and building various commercial and residential communities including townhome and single-family subdivisions, office buildings, apartment complexes, hotels, and multi-family high rises.