The biggest residential and commercial project on Chattanooga’s Southside yet could go up if the city approves a plan to sell land now used for its dog and skating parks.
The project, estimated at up to $40 million, includes the reuse of Parkway Towers, the rundown four-story building across Reggie White Boulevard from Finley Stadium.
“We’ve talked to potential tenants. There definitely is some interest there,” said Terry Barker of River Street Architecture, which is working for the developers.
He said the development group includes a family who recently moved to the United States and their financial investors in New York. Mr. Barker declined to name them.
The plan includes adding at least three stories atop Parkway Towers. That building would hold ground-floor commercial space, about 18 condominiums and become a signature building in the area, he said.