Hoping to tap into the growing Volkswagen workforce nearby, a pair of Chattanooga developers are planning a $10 million project to build 82 garden-style rental homes in East Brainerd.
“In today’s marketplace, the need is housing as a whole. That doesn’t necessarily mean apartments,” said developer Marcus Lyons, CEO of Oasis Residential, who is joining with Pratt Home Builders.
A planned $10 million project to build 82 garden-style rental homes is planned for the East Brainerd area. (Contributed renderings by Pratt Home Builders)The residential units are all single story with back yards, Lyons said. The complex at 6421 Shallowford Road is like one that the two developers announced last year, also located on Shallowford Road. That 90-unit development is located on the opposite side of Interstate-75 at Murray Lane nearer Hamilton Place mall.
For the new project, work is to start in May or June and take about 16 to 18 months to build, Lyons said. Rental rates will start at $1,049 a month for one bedroom units and $1,499 for two bedrooms, he said.
Win Pratt, president of Pratt Home Builders, said the two-bedroom units are freestanding with no shared walls with other residences. The one-bedrooms units have just one shared wall, he said.