Downtown Chattanooga nonprofit River City Co. is trying to sell an undeveloped tract just a block from the Tennessee Aquarium, which officials say is a fit for new condominiums or townhouses.
Three parties are interested in buying the parcel at First and Cherry streets, though no group has been selected and River City continues to take inquiries, said Amy Donahue, the nonprofit’s director of marketing and communication.
FAST FACT
Just a couple of blocks away from the First and Cherry streets site, work has started on 11 new million-dollar townhomes at Walnut Street and Aquarium Way.
“It’s not a project River City would develop,” she said. But the group would help in terms of a review of the design by the chosen developer, the River City official said.
Donahue said the lot, at about 6,500 square feet in size, likely could hold about eight condos or townhouses. She said there’s no listed asking price for the tract.