After helping attract a company that will assemble electric vehicle axle components for Volkswagen Chattanooga, a developer has begun work on a second Enterprise South industrial park site in hopes of landing another big project.
Site prep has started on a vacant 18-acre tract off Hickory Valley Road, where Chattanooga Industrial plans to put a 255,000-square-foot building, Jeff Londis, a partner in the company, said.
Londis said in an interview that the VW supplier project coupled with the new one are expected to represent about $50 million in new facilities, not counting equipment.
On the newest parcel, about 60,000 square feet of the planned structure already is pre-leased to a distribution business, which he declined to name.
Londis said his company is in talks to fill the remaining space, which could go to an auto-related venture or for a different kind of manufacturing or for warehouse or distribution space.