A Chattanooga developer, citing a shortage of one-bedroom apartments on the North Shore, has plans for a three-story structure on Tremont Street.
Sam Koebley of Koesten DevCo LLC said 15 apartments are planned for the new building at 217 Tremont, which is a couple of blocks from Frazier Avenue.
“The product we’re going after is somewhat underserved in that neighborhood,” he said in a telephone interview.
The Tremont Street site sits opposite the Manufacturers Road end of the North Shore, where a slew of new, likely more expensive apartments are under construction or planned. Just last month, for example, a 300-unit apartment project with views of Ross’s Landing was unveiled off Manufacturers Road in an estimated $60 million to $70 million development.
Koebley said a house currently sits on the Tremont lot, which also is to hold 11 or 12 parking spaces along with long-term bike storage. He said there’s street parking on Tremont, and there’s a public parking garage not far away on Frazier.