GreenTech Homes is planning a new 26-acre subdivision on the north end of Red Bank.
Red Bank city commissioners unanimously approved on first reading GreenTech's application for a special exceptions permit for the planned unit development, which is named Five Thousand Acres and located at 5005 Dayton Blvd.
GreenTech plans to use only 68 of the development's 72 lots. Plans are for 38 single family detached homes and 10 single family attached townhomes, said City Manager Tim Thornbury.
In July the city commission approved the rezoning of the property from R1-A to R-3. The Red Bank Planning Commission recommended approval of the rezoning with conditions including restricting R-3 uses aside from a planned unit development of single family homes, as well as limiting the density of the housing units to five units per acre.
GreenTech previously developed the now-full 69-home North Point Ridge subdivision, previously Midvale Highlands, located above Ashmore Avenue in Red Bank.
"We've been looking for an opportunity to do the same thing somewhere else within the city of Red Bank, outside the city of Chattanooga, and this presented an opportunity," said Chris Anderson, director of development and government relations for GreenTech.
GreenTech is also planning a subdivision called Northtowne just outside Red Bank city limits in Hixson in the spring of 2021.
The final vote on the Five Thousand Acres PUD will be at the Sept. 15 Red Bank City Commission meeting.
Contact Emily Crisman at ecrisman@timesfreepress.com or 423-757-6508. Follow her on Twitter @emcrisman.