Under Construction: High-end apartments rise on North Shore

Under Construction: High-end apartments rise on North Shore

November 17th, 2013 by Shelly Bradbury in Business Diary

Construction continues on Forest on Frazier at the site where a United Methodist church once stood

Photo by C.B. Schmelter /Times Free Press.

Illustration by Laura McNutt /Times Free Press.

Project: Forest on Frazier.

Owners: Kevin Boehm and Pete Waddington.

Location: 120 Forest Ave.

Size: 43,000 square feet, three stories.

Contractor: T.G. Edwards.

Architect: Health Facility Partners.

Cost for project: $4 million.

Scope: This North Shore building will hold about 30 high-end, one-, two- and three-bedroom apartments. Each unit will feature hardwood floors and granite countertops. Units will range between 1,100 and 2,000 square feet and have views of the Tennessee River and Walnut Street Bridge.

Rent per unit: $1,200 -$1,800.

Timeline: Pre-leasing units now, open by April 2014.

History: The site previously held Forrest Avenue United Methodist Church, which closed in 2010 because of dwindling membership. In the years since, vagrants occasionally moved into the 85-year-old building, and it rapidly deteriorated. Boehm considered reworking the brick structure instead of demolishing it, but said it was too far gone.

Future: Boehm is considering building additional apartments in other parts of town. He thinks he can fill the city's need for high-quality rental units.

-- Complied by Shelly Bradbury, who may be reached at sbradbury@timesfreepress.com or 423-757-6525.