Fast fact
More than 2,000 apartments are planned, underway or recently completed in the downtown area, figures show.
A Knoxville developer has plans to build 220 new apartments near Erlanger hospital in one of the largest downtown Chattanooga rental projects to date.
Belle Investment is proposing a five-story building at East Third Street and Central Avenue that also could hold a pharmacy and 6,000 square feet of added retail.
“It really starts changing the way people view that [Third Street] corridor,” said Kim White, who heads the nonprofit downtown redevelopment group River City Co., about the proposed complex. “It would be a catalyst.”
David Robinette, an engineer for the project, said plans call for three or four stories of parking in the rear of the structure backing up against Fourth Street. In addition, there would be ground level parking for the 10,000-square-foot pharmacy, he said.