New Chattanooga Lookouts stadium to spur 'live-work-play' neighborhood, developer says

Company sees up to 500 new residences, 20,000 square feet in commercial space

Staff file photo / The Wheland Foundry/U.S. Pipe site is seen looking north from Lookout Mountain in the South Broad Street District.

A Nashville developer eyeing $150 million in residential and commercial space next to a proposed new Chattanooga Lookouts stadium says "the stars are aligning" for a live-work-play district.

Mark Deutschmann, chief executive of Core Development, said Friday the company is looking at building 400 to 500 homes and up to 20,000 square feet of neighborhood-scale commercial space on 11 acres at the Wheland Foundry/U.S. Pipe tract.

Also, Core is in early discussions with others about the creation of a 35-acre public park neighboring the foundry site, he said. The vision for the park would be the product of a comprehensive community consultation process, Deutschmann said.

"Opportunities like this rarely come along and require focus, collaborative leadership and vision to be fully realized," he said in an email.

But Deutschmann added that building a high-quality, 18-hour-a-day neighborhood in the South Broad District is challenging without the proposed $86.5