A new grocery-anchored development will begin rising soon at the northwest corner of Zierdt and Martin roads in Huntsville.

The Shoppes at Redstone Square. (Courtesy)

The Huntsville City Council approved a development agreement with Fuquay Commons and Huntsville SJ on Thursday for the Shoppes at Redstone Square, a multi-phase project with at least 59,000 square feet of retail space and several outparcels. Construction will begin no later than Aug. 1, 2017.

Huntsville Director of Urban Development Shane Davis told AL.com the city will spend $400,000 on sewer service and an access drive off Zierdt Road. In turn, Davis said the developer will dedicate the right-of-way needed for the Zierdt Road and Martin Road widening projects.

"The majority of the costs will be for the sewer service," he said. "The developer is not ready to announce any tenants at this time."

The developer must reimburse the city if the project is not complete and open for business by Dec. 15, 2018 or if permitted construction of at least 59,000 square feet does not begin within three years of the effective date.

Jim Gendreau of Huntsville SJ and Tailwinds Development in Florida said they are recruiting national sit-down restaurants and chains to the site, which he expects will be operational by fall 2018.

"I think within another 30 days we'll be able to release (tenant) names," he said.

The Shoppes at Redstone Square will operate in an under-served residential area with more than 55,000 daytime employees within a five-mile radius. The daily traffic count along Martin and Zierdt roads spans more than 27,500.

Colliers International is serving as the broker for the project. Click here to learn more about the Shoppes at Redstone Square.