A Chattanooga developer has bought nearly 10 acres off East Main Street, where he plans to put up an array of housing and create one of that area’s largest new residential and commercial projects.
Developer Kevin Boehm said the purchase of several Chattanooga Boiler & Tank Co. parcels near downtown for $7.6 million will be coupled with about 5 acres of adjacent property he already owns.
“So many people want to live on the Southside,” he said in a telephone interview Thursday. “But there’s literally no inventory.”
The handful of new tracts straddle both sides of East Main between Central and Holtzclaw avenues and are to hold primarily townhomes and apartments, he said.
One brick structure at 1024 E. Main St. held Chattanooga Boiler offices and a 1920s-era gymnasium, which Boehm said is one of the city’s earliest recreation centers. Plans are to keep the gym and potentially reopen it to the neighborhood, he said. New residences are slated to be built on that property, Boehm said.