The developers of the townhouses built along Cherry and Third streets over the past five years are planning to add more, and even larger, units on Walnut Street.More upscale townhouses are coming to downtown Chattanooga as a developer is moving ahead with plans to build up to a dozen more units on Walnut Street.
Dale Mabee, chief manager for Urban Renaissance Group LLC, said the units are likely to sell from $600,000 to around $1 million a piece.
Mabee told a city panel on Monday his group wants to exercise its option to buy a strip of land on Walnut between Aquarium Way and Third Street to build the townhouses.
The purchase price for the tract, along with what it owes on Third Street, is about $850,000, he said at a meeting of the Chattanooga Downtown Redevelopment Corp.
The development group already has built similar townhouses on Cherry Street between Aquarium Way and Third Street. It also has constructed some smaller units along Third.