A long-delayed downtown Chattanooga apartment complex, the biggest for the central city in a generation if built, was termed more viable than ever on Wednesday.
“Demand has increased,” said Dan Johnson, Mayor Ron Littlefield’s chief of staff, about the proposed 100-unit, $11 million Walnut Commons.
John Clark, the project’s developer, told the Chattanooga Downtown Redevelopment Corp. that the U.S. Department of Housing and Urban Development is close to signing off on guaranteeing a loan package for the project.
Work could start in the spring on the planned five-story structure at Walnut and Second streets, Clark said.
“On the demand side, there are plenty of people looking for a place to live downtown,” he said. “We have data that backs that up. We can’t wait to be showing it.”