published Sunday, July 3rd, 2011

Plan for Ooltewah luxury neighborhood takes shape

• Name: Cambridge Square

• Location: The new Ooltewah development consists of 135 acres bordered on one side by Lee Highway and on the other by the Honors Golf Course. The retail and residential development is zoned for Ooltewah Elementary, Middle and High schools, and is on land that has remained undisturbed in spite of the growth of surrounding development. The property is being developed to avoid disturbing the natural aesthetic that gives the golf course its character.

• Status: The project is still in the preliminary stage of earth and infrastructure work, and preparing to begin road construction and building pad development toward the end of summer.

• Price: Phase 1, encompassing the commercial and retail space on the property is estimated to cost $10 million. While pricing has yet to be determined for the residential phases, developers anticipate both amenities and prices to be at the higher end of Ooltewah’s market average.

• Features: The mixed-use community will include commercial, retail and residential districts, enabling residents to live, work and play within the same general area. The neighborhood has strict architectural standards, open spaces, walking trails and plentiful sidewalks.

• Developers: Barrier Properties and River Street Architecture are designing and overseeing the project.

• Builders: Contractor Barry Payne is the designated builder for Cambridge Square.

• Contact: Jim Cheney — 615-202-8936

about Ellis Smith...

Ellis Smith joined the Chattanooga Times Free Press in January 2010 as a business reporter. His beat includes the flooring industry, Chattem, Unum, Krystal, the automobile market, real estate and technology. Ellis is from Marietta, Ga., and has a bachelor’s degree in mass communication at the University of West Georgia. He previously worked at UTV-13 News, Carrollton, Ga., as a producer; at the The West Georgian, Carrollton, Ga., as editor; and at the Times-Georgian, Carrollton, ...

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Czech123 said...

Yes, just what the area needs......ANOTHER luxury development. How about some resonable development that hard working people can actually afford without putting every last penny they have into it!!!!

July 5, 2011 at 12:40 p.m.
LibDem said...

"...enabling residents to live, work and play within the same general area..."

Thank Dog they won't have to mix with the commoners.

July 5, 2011 at 1:03 p.m.
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