Developers + planners laid out their vision for one of the last large plots of land in downtown Chattanooga — prime real estate along the Tennessee River, where manufacturer Alstom used to be.
Development of the 112 acres, dubbed the West End (not to be confused with the West Village), is underway + leaders will be announcing initial jobs and businesses for the project soon.
The idea is to have a “highly walkable, car-optional neighborhood,” with mixed-use development, comprised of varying housing types, businesses, recreation + entertainment.
The land is divided by Main Street. Land south of Main could be for manufacturing and industrial use. Land north of Main will likely be residential, commercial + entertainment. The entire project will span 20-25 years, could draw $3 billion of investment and $11 million of city and county tax revenue annually, according to the Chattanooga Times Free Press.
Who is involved?
- Jimmy White + Hiren Desai, owners + developers at Urban Story Ventures
- Dover, Kohl & Partners, Florida-based design/planning firm
Phase 1 could include:
- 40,000-60,000 square feet of existing office space leases
- 30,000-50,000 square feet of new office space
- 25-50 annual townhouse sales to millennials
- 50-75 annual condominium + townhouse sales to retirees
- 10,000-square-foot food hall with an associated music venue
- Canal, brewpub, artist space, a childcare center, food retail
Phase 2 could include:
- More new office space
- First phase of a 150,000-300,000 square-foot corporate headquarters office building
- Two hotels, each with 100-150 rooms
- 200-400 multi-family apartments in varying sizes
- 25-50 annual townhouse sales to millennials
- 75-120 annual condominium/townhouse sales to retirees
- 10,000-15,000 square feet of retail, service + restaurant spaces
All the plans are subject to change, but the project could also include tree-lined streets + green public spaces, a “fanned street grid” could connect people to Riverfront Parkway + guide them to the Tennessee River. Initial plans also include seven parking structures. 🚗
Poll
Updated at 9:11 a.m. March 26 to correct factual error.
