Developers are taking steps to move ahead with new apartments, townhouses and commercial space in the South Broad area in what’s pegged as a $75 million project.
“South Broad has not seen a lot of development over the last 30 years,” said Joe Fielden of Neyland Apartment Associates in Knoxville. “It may be the biggest project ever in that neck of the woods.”
Developers are seeking a variance for building height from Chattanooga planners next month on the nearly 20-acre tract at Broad and West 33rd streets near Chattanooga Christian School.
If the variance is granted, developers plan to erect a 300-unit apartment complex with four levels in the rear portion of the property. Also 76 townhomes are eyed along 33rd Street, while commercial space would go up along Broad, according to plans.
Currently, the site holds an old hotel and warehouse space.