The Lincoln Park Neighborhood Association says it fears “aggressive gentrification” in the face of planned development near Erlanger hospital.
Knoxville developer Belle Investment Co. wants to transform a collection of office and vacant buildings at the corner of East Third Street and Central Avenue into a facility of an estimated 220 residential units and ground-floor parking and commercial space. The building could be as tall as eight stories and is adjacent to the community, according to planning records.
Houses line the Cleveland Street across from Lincold Park May 31, 2016.The company says the building is a $45 million to $50 million investment.
On Tuesday, the City Council voted 9-0 to approve a zoning request that will allow the development to take place.
In an address to the council, association secretary Tiffany Rankins told members they have been dismissive of the high percentage of renters who call Lincoln Park their home.