CLEVELAND, Tenn. — Construction will begin in January for a $16 million gated apartment community, the first in Cleveland since the 1980s, the developer said.
The Retreat at Spring Creek will be built on 25th Street just across from Spring Creek, a residential and shopping community already in development. The developer is Murfreesboro-based TDK Construction.
Ron Beasley, TDK development and pre-construction manager, said the coming of Volkswagen and Wacker Chemical to the area, plus continued growth, convinced the company that a luxury apartment complex is needed here.
“We see a lot of opportunities with all the new industries coming into town,” he said.
Cleveland’s position now, he said, is similar to Murfreesboro when Nissan arrived in Middle Tennessee.
“We look at that as kind of a model for this area,” he said.
Other luxury apartment complexes are under development in Chattanooga, he said.
Patrick J. Coffey, CEO for Birmingham-based Multifamily Management Inc., said a growing school system and new industrial development also are key factors in decision to locate here. MMI will manage the community.
The Retreat at Spring Creek will include amenities such as a clubhouse, fitness center, resort-style swimming pool, car wash, sand volleyball court and picnic areas.
The 13-acre apartment community includes 199 units in eight three-story buildings and six carriage units with attached garages. Models range from one to three bedrooms and baths. The first units will be ready by August, according to TDK.
The community connects to the Parker Street greenway and has a walk under 25th Street that connects to Spring Creek Development.
Tom Cate and Stan Lawson, principals of Springbrook Community Developers, said Spring Creek and the Retreat at Spring Creek will be complementary. Spring Creek itself will have 200 loft condos, cottages, townhomes and homes plus a retail center.
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It's great to finally see some growth after the awful downturn in the economy. Hopefully it's a sign of good things to come. I would have never thought in my life that a house under construction would look unusual - look at that...somebody's BUILDING A HOUSE!
And Volkswagen couldn't have picked a worse economic time to break ground, no fault of their own planning. It's amazing that they are going forward with it. It's a bold...no, a BRASH statement of faith in the economy. Let's all hope they are "right."
I mean, if you and I were partners in business, would we be building a car factory right now? I doubt it.
The whole nation should be looking at this area as an example of what's coming - recovery. If it works. Gosh, we should all hope it works.