A Chattanooga development group has won rezoning from the City Council for a so-called new type of garden-style apartment complex on a tract of land off Shallowford Road in the Hamilton Place area.
The 82-unit, $11 million complex includes one- and two-bedroom units which are all single story garden-style homes with a small, screened back yard. The site, located off Shallowford Road and Murray Lane, must be limited to the back nine acres of the tract, said Marcus Lyons, whose Oasis Residential is partnering with Pratt Home Builders on the project.
Developers also must put in a Tennessee Department of Transportation-approved turn lane off of Shallowford, Lyons said.
Local projects among ACE award finalists
Two Chattanooga projects are among those being considered in the 2018 Engineering Excellence Awards competition, presented by the American Council of Engineering Companies of Tennessee. The award is one of the highest honors an engineering firm can receive and is considered the “Academy Awards of the engineering industry.”
Chattanooga’s Big Dig, a project completed by S&ME, Inc. and Civic Engineering for the city of Chattanooga, provides the storm drainage backbone for an 1,100-acre area in St. Elmo District, Alton Park and South Chattanooga. The new infrastructure has been designed with expansion in mind to pave the way for future development of the area in conjunction with the planned extension of the Chattanooga Riverwalk.
Ooltewah-Ringgold Road at Standifer Gap Road Roundabout, completed for Hamilton County Engineering by ARCADIS, created a safer intersection with input from the community using the roadway. In an area that had experienced 45 crashes, the roundabout has reduced speeds and fits with the aesthetics of the East Brainerd community. To date, no fatal or incapacitating crashes have been reported since the project’s completion.
The winners of the 2018 Engineering Excellence Awards will be announced Oct. 26.
Verizon replaces president of Oath
Verizon is replacing its media and advertising chief Tim Armstrong.
Oath President and COO K. Guru Gowrappan will assume the Oath CEO role Oct. 1. Armstrong will stay through year-end as a strategic adviser.
Gowrappan joined Verizon in April and before that was global managing director of Chinese e-commerce behemoth Alibaba.
Armstrong was tasked with growing Verizon’s ad business in a challenge to Facebook and Google, but that business remains one of Verizon’s less profitable divisions. Armstrong came to Verizon when it bought AOL in 2015 and began overseeing Yahoo when Verizon bought it in 2017.
Armstrong was one of Google’s early employees and was key to developing its digital ad business before joining AOL in 2009. Telecoms have been buying content makers to diversify as the wireless industry slows.
U.S. is biggest in oil production
The United States may have reclaimed the title of the world’s biggest oil producer sooner than expected.
The U.S. Energy Information Administration said Wednesday that America “likely surpassed” Russia in June and August after jumping over Saudi Arabia earlier this year.
If those estimates are right, it would mark the first time in decades that the U.S. has led in output.
U.S. production has soared in recent years because of techniques including hydraulic fracturing, or “fracking,” the use of chemicals, sand, water and high pressure to crack rock formations deep below ground, releasing more oil and natural gas.
The U.S. energy agency estimated that the United States produced an average of 10.9 million barrels a day in August, compared with about 10.8 million barrels a day by Russia and around 10.4 million from Saudi Arabia. It said the U.S. passed Saudi Arabia in February for the first time in more than two decades, and this summer it topped Russia for the first time since 1999.