More apartments planned in downtown Chattanooga's Fleetwood Coffee building

More apartments planned in downtown Chattanooga's Fleetwood Coffee building

August 13th, 2014 by Mitra Malek in Business Around the Region

The Fleetwood building on 11th Street.

Photo by Erin O. Smith/Times Free Press.

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 mmalek@timesfreepress.com or 423-757-6406.

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