This story was updated Thursday, April 25, 2019, at 6:37 p.m. with more information.
A mixed-use development that will be one of the biggest-ever new housing and commercial complexes in Chattanooga's downtown riverfront area will be called River Rock.
"River Rock will deliver high-quality, live-work-play options for Chattanooga's growing population of residents looking to live in this dynamic and energetic part of the city," said Alan McMahon, development manager at the South Carolina-based The Beach Company, in a statement.
River Rock will offer 16,000 square feet of commercial space in addition to 163 apartment units consisting of studio-, one-, two- and three-bedroom floor plans as well as townhomes with attached garages.
A 300-space parking garage will be constructed in the center of one of the lots for the new development, which will have three-, four- and five-story buildings, officials said.
"River Rock will help transform the Fourth Street corridor into a walkable and vibrant gateway into the city," said Kim White, CEO of River City Company, Chattanooga's downtown nonprofit redevelopment group. "We are confident in The Beach Company's ability to deliver a high-quality project that further enhances one of the area's most beautiful neighborhoods."
Construction on River Rock is expected to begin in September.