A developer is planning up to 60 apartments near the central city within about a half mile from three other proposed housing initiatives in Chattanooga.
Together, the developments are to bring nearly 170 new residential units close to the University of Tennessee at Chattanooga and Erlanger Health’s downtown campus.
Developer Philip Rossillo said in an interview he hopes work can start in spring 2024 on the more than $10 million development of 30 to 60 apartments on the 600 block of Central Avenue.
Rossillo, developing the project with business partner Miguel Taveras, said with interest rates high and increasing housing costs, the one- to two-bedroom apartments are an opportunity for renters. The first units will likely open later in 2024, said Rossillo, who has a New York address.
The proposal in November won a rezoning of the 1.18-acre parcel from the Chattanooga-Hamilton County Regional Planning Commission.