Urban Story Ventures, a southeast real estate development group behind projects like The Bend, will soon break ground on a state-of-the-art Class A industrial building along Amnicola Highway + the Tennessee River.
The group has invested $28 million into the development, which sits on 19 acres within the Centre South Riverport Industrial Park.
Co-owner and developer of the property Jimmy White says the new build is a solution to Chattanooga’s need for more Class A industrial space.
“Several years and over a million and a half square feet later, we’re making another significant investment to attract one of Chattanooga’s next big employers,” said White.
Here’s some history of the site — Urban Story Ventures purchased the Riverport site in 2020 + leased a portion to Fortis Products, LLC. As a result of Fortis’ growth, the group sold the space and the adjacent developed grounds it previously leased to the business in 2023.
Now, the group will construct the Class A industrial building where Fortis’ existing facility ends, stretching to the Tennessee River.
What’s in store for the site? The designs include:
- At least 185,000 sqft of light to heavy industrial or logistics space
- Potential for 40,000 sqft of mezzanine space
- Several loading docks
- Ample parking
- Gated entry
Urban Story Ventures said it is open to leasing the space to one or multiple tenants, with a focus on prospects “looking to expand their business or relocate from another market.”
A groundbreaking ceremony is slated for Thursday, March 21 at 2 p.m. Folks interested in attending can RSVP online.
