Chattanooga planners OK $40 million project for riverfront
CHATTANOOGA, TN (Times Free Press) -
A proposed $40 million housing and commercial project on Chattanooga's waterfront was approved Monday by a city planning panel, with one neighboring landowner calling the site "the next frontier for downtown development."
A Nashville development company plans to start working with the Tennessee Valley Authority to gain permits to kick off construction of the project that would add 70 cottage-style homes and 200 apartments off Riverfront Parkway near M.L. King Boulevard.
"In our opinion, downtown Chattanooga is under-supplied in terms of housing," said Aaron White, a principal with Evergreen Real Estate, after the city's Planning Commission approved rezoning an 11-acre tract from manufacturing to central business.
While the rezoning still needs City Council approval, White said his company would like to start construction next spring on one of the city's largest-ever riverfront mixed-use projects. The project's working name is "The Landings," but White said that's expected to change.