The Chattanooga Red Wolves owner plans to maintain an existing senior living facility that sits near the club’s East Ridge stadium and $200 million in planned new housing and commercial space.
Bob Martino, a Utah developer who owns the professional soccer team, said he has purchased the retirement facility at 1417 N. Mack Smith Road and is making improvements.
“No one will be moved out,” he said in an interview about the center called East Ridge Residence. “It’s close to full.”
Martino said the center, which has about 200 units, is “part of the project.” The location sits next to a road that is slated to be extended into his development on 110 acres at Interstate 75 and Interstate 24.
A rezoning of the property to C-4 Planned Commerce Center District was sought by Martino on that site and a few other properties he owns adjacent to the main tract. That’s so he can move forward at a later time for a different use should he choose to do so.