Foundry owners seek master developer in possible Lookouts facility, other development

Staff file photo by Doug Strickland / Chattanooga Design Studio Executive Director Eric Myers walks into an old U.S. Pipe foundry building last year. The studio's South Broad District study suggests new housing, commercial and retail space, upgraded parks, streets, sidewalks and a sports and entertainment facility to serve as a catalyst for development.

The owners of a huge foundry tract off South Broad Street that could hold a new Chattanooga Lookouts home and housing and retail space are seeking a master developer to oversee future work.

"We're seeking site developers who have experience with these kinds of overall undertakings," said Mike Mallen, part of the group holding the 141-acre former Wheland and U.S. Pipe properties.

Mallen said there could be interest by developers in an overall undertaking or a more phased-in approach.

During the summer, the local group may host site visits by interested parties, he said. They'll then review the results of the request for proposals and go from there, Mallen said.

"The idea is to let it filter through to the end of the summer," he said. "We've got it distributed to what I consider large regional and national experts."