A pair of Georgia real estate developers have teamed up to build a 250-unit apartment complex on Hixson Pike across from Valleybrook Road.
The new development, known as Lullwater at Hixson, will feature one-, two- and three-bedroom units, some with direct access to garages, along with a community clubhouse, swimming pool, community pavilion, playground, car care center and a pet park. Work recently began on the new development - one of the largest apartment complexes in Hixson - and is scheduled to be open and ready for occupancy by late this fall.
The project at 6038 Hixson Pike near the Hixson Publix supermarket is a joint venture between the Macon, Georgia-based Fickling & Co., which has developed more than 100 apartment projects across the Southeast that collectively have more than 10,000 units, and the Atlanta-based Novare Group, who also developed over 10,000 residential units, including adaptive re-use, historic conversions and high-rise development.
"We are thrilled to be underway with Lullwater at Hixson," developer Roy Fickling said in a statement Wednesday. "Chattanooga is a beautiful, walkable city, and the Hixson submarket has been underserved by new Class A apartment developments. We believe Lullwater at Hixson is going to be very successful and an asset for the city."
The project will be the biggest apartment complex in the Big Ridge and Middle Valley area, although developer Duane Horton's Scenic Land Co., has developed a bigger 280-unit apartment Hillocks Farm complex in Hixson along Highway 153 near Highway 27.
Developers have either announced or are building nearly 1,500 multi-family housing units in and around downtown Chattanooga, but there have been fewer new suburban apartment complexes begun in Chattanooga during the past couple of years
Jim Borders, president of the Novare Group, said Lullwater in Hixson offers "a highly-desirable location in an outstanding, growing community.
"It's our goal to deliver best-in-class living experiences in everything that we do," he said.
Despite initial traffic concerns from neighbors like Fairview Road homeowner M.L. Ratley, the Chattanooga/Hamilton County Regional Planning Commission rezoned the site for apartments in December 2017. A the time, Bobby Cleveland of Fickling & Co. projected the apartments would likely rent for between $1,000 and $1,500 a month, depending upon size.
Thornton Kennedy, a spokesman for the development, said Wednesday the specific rental rates have yet to be set for Lullwater at Hixson.
Contact Dave Flessner at firstname.lastname@example.org or at 757-6340