More apartments are headed to the boiling-hot Ooltewah market as a Chattanooga developer is planning a $40 million complex.
The 256-unit project will go on 15.3 vacant acres on Old Lee Highway, said Bobby Adamson of Adamson Developers. He said there will be seven, three-story buildings go up at the site along with a clubhouse.
The developer said that the nearby Volkswagen assembly plant is readying to build a new electric SUV and will hire more employees. This week, a VW staffing contractor is seeking to fill 150 more posts for existing work at the factory.
“There’s a demand for more housing,” Adamson said, adding that three other developments have opened in the area fairly recently and they’re nearly full.
Adamson said that his complex, called the Jewel at Summit Pointe Apartments, received original approval from Hamilton County planners in 2014. But he said he had a different partner for the project then and it has taken time to get it off the ground.