A Chattanooga developer plans to build a new townhome complex on downtown’s Southside, saying there’s a need for more “for-sale, lower-priced product” in that area’s housing market.
Gabe Thomas of RP Homes, who on Thursday won a variance for the tract at 1514 Cowart Street from a city panel, said the plans call for a three-story structure with 12 units.
The townhomes will be about 1,000 square feet in size and sell for under $300,000 each, he said.
“We’re trying to get a mix of affordable for-sale units in this part of town,” said Thomas.
The complex will be called The Davis on Cowart after the family that owns the site, which for many years held an automotive business, he said.