RCP Cos. has announced plans to develop Wellory Living, a net-zero-energy residential multifamily community in Huntsville, Alabama. With a net-zero-energy status and a reduced carbon footprint, the $108 million development will bring future-forward sustainable living and dining options to the MidCity District.
On 4.2 acres, the six-story development will include 328 apartments, 13,582 square feet of ground floor retail, co-working spaces, a roof-level lounge, and an outdoor terrace with District views. Over 40,000 square feet of the Wellory Living roof will be photovoltaic (PV) panels.
“We are constantly evaluating and reimagining the community’s needs so we can attract first-to-market innovative solutions that lead Huntsville into the future. What would it look like to live well and live good? Wellory Living aims to have a net-zero impact through solar cell PV, reflective roofing, greatly reduced leakage and waste, smart thermostats, and more,” says RCP co-founder Remy Gross.
“There are several categories within operational sustainability that we are addressing—landscaping, construction waste management, tenant engagement—to bring us to net zero. Even Wellory’s construction and design will use low carbon materials and design concepts, bringing both environmental and health benefits to tenants and guests to live in a sustainable manner.”
Wellory Living is projected to be an all-electric building. Partnering with Grounded Capital Partners, construction is set to begin this winter with full project delivery by summer 2025.
“As an investment firm rooted in building the health of systems, it was a natural fit for us at Grounded Capital to be part of bringing this net-zero development to MidCity and play a role in supporting regenerative social, ecological, and financial systems in Huntsville,” says Parren James, principal at Grounded Capital. “Wellory Living will showcase how sustainable living is achievable for all looking to decrease their carbon footprint.”
Pinnacle Financial Partners has provided debt financing for Wellory Living. Lord Aeck Sargent will serve as lead architect and ARCO Murray as general contractor.
“Wellory Living captures Huntsville’s innovative, forward-thinking nature,” says Huntsville mayor Tommy Battle. “RCP has done a great job at bringing housing options to the city that are as bold as the people of Huntsville. MidCity District continues to showcase our city as a true destination for top talent to live, work, and play.”