350 apartments planned for downtown Chattanooga's waterfront

Project with possible $90 million cost would be one of downtown's largest

Staff photo by Mike Pare / A 7-acre tract of land off Manufacturers Road is the proposed site of about 350 new apartments. A Nashville developer is seeking to rezone the property.

A developer is eyeing construction of about 350 new apartments on a vacant Manufacturers Road tract, citing waterfront views into downtown Chattanooga's Ross's Landing from across the river.

Beacon Companies also has plans to build about 10,000 square feet of retail space along the road and offer a site for a riverfront restaurant in the project that's estimated at up to $90 million, said Chris Rudd of the Nashville development group.

The apartment complex at 702 Manufacturers Road just west of the Olgiati Bridge would be one of the largest downtown if it receives city approval.

The company wants to raise two five-story buildings, one holding 74,515 square feet of space and the other 45,540 square feet that would surround a parking deck, according to plans.