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What does Chattanooga have in common with New York City? Its Flatiron Building, named after the similarly-shaped one in the Big Apple, which is set to soon become “Flatiron Heights” thanks to a group of local investors.
The background
- The historic downtown building was built in 1911 as an apartment complex + owned by Sam Read, who was also the original owner of the Read House Hotel.
- After later converting to an office space, the Flatiron Building will soon pay homage to both of its purposes over the years, as a new condo complex with first-floor offices.
- Investors Robert Fisher, Bo Ferger, and Dan Levan with Fisher Bay LLC, along with Modus Build’s Clint Dean, make up the four general investors of Flatiron Heights, LLC.
- Renovations for the Flatiron Building are expected to take ~10-12 months, with construction expected to begin around April 2022.
A look at the condos
- The renovated space is set to include around 15, 2-bedroom condos on floors 2-4.
- Each unit will feature a balcony, with views of Lookout + Signal Mountains, the Dome Building, and the Hamilton County Courthouse.
- Though the condos will be more upscale in nature, the investors plan to preserve some of the building’s history, including its brick exterior.
- According to Robert Fisher, the condo prices haven’t been set yet.
A look at the office space
- The first level of the Flatiron Building at Georgia + Walnut Street will remain an office and retail space, but will also receive renovations.
- While there are currently no retail tenants in the building, Fisher said that the space could potentially be home to a restaurant or gift shop in the future.
- T.E. Properties, which formerly owned the building, will keep its office on the first floor.
