Project: Tomorrow Building
Owner: Ross Hotel Partners LLC, jointly owned by Lamp Post Properties and River City Co.
Location: 818 Georgia Avenue at the corner of Georgia Avenue and Patten Parkway, just across the street from the headquarters of the Lamp Post Group
History: The 4-story building dates back to 1888 and for many decades operated as the Ross Hotel and was the site of Yesterday’s restaurant.
Size: The structure includes 28,800 square feet
Investment: $8 million
General contractor: T.U. Parks Co.
Architect: Artech
Schedule: The Tomorrow Building should be ready for occupancy in December. Leasing has already begun on the rental units.
Scope of project: The building will hold 39 “co-living” apartments, each with about 352 square feet, and will rent from $895 to $1,200 a month, including utilities and internet. The building will also have common living, dining and “innovation spaces” that tenants will share.
“There is not anything like this in the Southeast, but we think it offers a unique and attractive lifestyle for many of those coming to Chattanooga to live and work downtown,” said Stephanie Hays, marketing manager for Lamp Post Properties.
– Compiled by Business Editor Dave Flessner at dflessner@timesfreepress.com or at 757-6340