By the time spring rolls around next year, the vacant Fleetwood Coffee building should include apartments ready to be leased.
The mixed-use building at the corner of East 11th and King streets also will be home to SwiftWing Ventures.
McCormick & Co. Commercial Real Estate on Tuesday announced the plans, limited as they were.
The apartments would occupy the top two floors of the five-story red brick building in downtown Chattanooga. An estimated 15 to 25 loft-style units are planned for about 18,000 square feet, said Gerald McCormick of McCormick & Co. Those figures are still moving targets though, he said.
No additional details were disclosed.
A group of private investors, including former Hamilton County Mayor Claude Ramsey, in May purchased the 45,000-square-foot coffee building and the adjoining Fleetwood Commons building for about $3.5 million.
The coffee building is more than 100 years old and hasn't been used since the 1970s, when it served as a manufacturing facility for coffee.
The Fleetwood Commons building has been thrumming with business, though: SturmHaus beer bar and Sekisui Japanese restaurant are there, along with Thompson Engineering and about 20 two-bedroom apartments. Those apartments are about 1,000 square feet each and rent for about $1,300 a month, McCormick said.
Contact staff writer Mitra Malek at firstname.lastname@example.org or 423-757-6406.
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Mitra Malek writes about business, particularly Chattanooga's tech, entrepreneurial and venture capital communities, as well as tourism. Before coming to the Times Free Press she reported for the Sarasota Herald-Tribune, Tampa Bay Business Journal, Journal Inquirer and Asbury Park Press. She spent eight years reporting for The Palm Beach Post, where she covered a state cancer cluster investigation. Her work at the Post covering government won her honors from the Society of Professional Journalists and ...