It was announced this morning in the HD that almost 5 acres of the ACF Property (old baseball stadium location) sold, and a LOI to develop another 10 acres (ACF property adjacent to current stadium) was signed.
Interstate Development out of Bristol, TN purchased the old baseball location, and Sak Capital Partners, a national development firm out of Alabama purchased the 10 acres.
Sak put out a press release that their plan is multiple story student housing/residential, along with retail. HMDA and Sak are currently doing their study and utility work. Sak said that their plan is for this to be the "eastern gateway into Marshall".
There weren't any comments on the Interstate plans. Have to assume those will come out later.
Interstate Development out of Bristol, TN purchased the old baseball location, and Sak Capital Partners, a national development firm out of Alabama purchased the 10 acres.
Sak put out a press release that their plan is multiple story student housing/residential, along with retail. HMDA and Sak are currently doing their study and utility work. Sak said that their plan is for this to be the "eastern gateway into Marshall".
There weren't any comments on the Interstate plans. Have to assume those will come out later.
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