A Chattanooga zoning panel on Thursday approved a four-story, 46-unit condominium complex that would be one of the largest such developments to date in downtown’s trendy Southside.
Developer Kevin Boehm said the $10 million to $12 million project would meet a need for such new housing in the area.
“The demand is sky high and the supply is almost non-existent,” he said about the condominiums which are planned for 1612 Cowart St.
The city’s Form Based Code Committee approved adding a fourth floor to the project, which would offer one- and two-bedroom condos. The developer estimated units would sell from $250,000 to $350,000 each.
The complex calls for 48 parking spaces on the first level at the site which is mostly now a vacant tract.