A developer is looking at building a mixed-use village with townhomes, condominiums and cottages in downtown Chattanooga on a parking lot owned by insurance giant Unum, officials said Thursday.
About 140 residential units could be offered for sale on a Vine Street parking lot near the company’s headquarters, said Natalie Godwin, Unum’s assistant vice president of external communication.
She said in an email that developer Empire Communities of Atlanta is planning for a mix of townhouses, stacked condos, brownstones, and urban cottages across two city blocks currently used as parking.
“The redevelopment will focus on for-sale residential, missing middle housing types, and a village-like setting,” Godwin said.
Emily Mack, chief executive of the downtown nonprofit redevelopment group River City Co., told the Downtown Council of the Chattanooga Area Chamber of Commerce on Thursday that prices of the units could range from around $350,000 to $500,000.