Architect’s rendering of The Oaks on Stringer’s RidgeAT A GLANCEWhat: The Oaks on Stringer’s RidgeWhere: 14 acres near the 1900 block of Ashmore Avenue in Red BankCost: $22 millionUnits: 250 to 300 apartmentsSource: BlueStar Properties
A Chattanooga developer is planning to build the first new major apartment complex in Red Bank in years – much to the dismay of neighbors.
The $22 million complex, dubbed The Oaks on Stringer’s Ridge, is planned for 15 acres of undeveloped land along Ashmore Avenue. The Oaks will include between 250 and 300 one-, two- and three-bedroom apartments in 10 buildings, as well as a clubhouse and pool, said developer Marcus Lyons, president and CEO of BlueStar Properties.
But more than 100 Red Bank residents have signed a petition against the apartments, citing worries about traffic, storm water, property values and neighborhood safety. Some neighbors are asking the city of Red Bank to deny a request to rezone an acre and a half of abutting land, hoping the denial will derail the project.
“We like our neighborhood like it is,” said Gigi Parker, whose family has lived in the area for 75 years. “It’s an old neighborhood, and we don’t want to change it.”