As more people desire to move toward the heart of downtown Chattanooga to be close to work and play, condominiums have remained a popular housing option.
The retired look to downsize after children leave the nest, and the environmentally conscious want options that allow them to walk or bike to their destination. And downtown developers are benefiting, despite the effects of the recession.
Some choices for downtown living, like The Pinnacle Condominiums, are older but remain popular for their locations. The Pinnacle offers one- to three-bedroom condos on Stringers Ridge Road on the North Shore.
Newer locations such as Terrace at Frazier and One North Shore along the Tennessee River offer spectacular views and amenities that traditional neighborhoods wouldn’t. Residents have an exercise facility, a pool and a seventh-floor clubhouse overlooking the city, said George Bright, owner of Fletcher Bright Co., which owns One North Shore.
The 203-unit development is the largest condo development in the city, he said. The eight different floor plans range in price from $169,000 to $395,000.
Terrace at Frazier offers higher-end condos, and some three-bedroom penthouse suites cost more than $1 million.
“You can walk to work. You can walk to the theater. You can walk to I don’t know how many restaurants,” said Bright. “There is going to be continued demand because there is so much to do downtown these days.”
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