A South Carolina firm has started work on a 271-unit apartment complex on Chattanooga’s trendy North Shore near the Tennessee River as the area continues to woo new residents.
The project, which is on Manufacturers Road across from the 2 North Shore retail center, is valued at more than $50 million, said Liz Palmer, director of development for Middle Street Partners in Tennessee.
Two buildings will make up the complex when completed in fall 2024, she said in a phone interview. A five-story structure will face Manufacturers Road while a four-story building opens up to the river, Palmer said.
Plans are to offer a mix of studio, one- and two-bedroom apartments, she said. It’s too early to provide rental rates, Palmer said.