A 122-unit apartment building, coupled with the most retail space to come to a part of South Broad Street in decades, is in the works near Lookout Mountain.
Two nearby parcels on South Broad are eyed for the project that includes a four-story apartment complex and 21,000-square-feet of retail and restaurant space, said Brande Benson, a commercial real estate broker for Baker, Storey and McDonald.
A 122-unit apartment building, coupled with the most retail space to come to a part of South Broad Street in decades, is in the works near Lookout Mountain.“We just like the corridor,” she said about the development group that includes people both in and outside the city. “It’s a highly trafficked area.”
The new project joins others going up or planned for the South Broad Street area, roughly located between Interstate 24 and Lookout Mountain, valued collectively at more than $50 million.
Earlier this month, another group of developers proposed $30 million in new apartments, townhouses, single-family homes and commercial space in the area. Collier Construction also is building a planned $20 million development just behind Southern Saddlery that is to hold single-family homes, townhouses and commercial space.