A Knoxville developer is planning to build a $15 million apartment and retail project on Chattanooga’s Southside near the Pilgrim’s Pride chicken processing plant.
Developer John Murphy said 139 apartments along with a parking garage with 200 spaces would be constructed at the corner of Broad and West 17th streets.
He said the 1.5-acre site, across West 17th Street from the Pilgrim’s plant, will hold lofts in an existing vacant four-story warehouse. A pair of new four- or five-story structures would be built with the parking in the center, Murphy said.
Average monthly rents could come in at about $1,250 to $1,300 a unit, he said.
Asked about the proposed project’s location near the chicken plant, Murphy said he has visited the site several times. He said the spot wouldn’t be his first pick of downtown locations, but he doesn’t foresee a problem.