A Chattanooga developer is looking at building nearly 100 new residential units off East Main Street near Montague Park in a third proposed complex in the area.
"Everything was planned to work together, sidewalks, green space, taking advantage of Montague Park and the Sculpture Fields," said developer Kevin Boehm.
EAD Holdings, a Boehm entity, won rezoning Monday on two tracts owned by Chattanooga Boiler and Tank Co. when the Chattanooga-Hamilton County Regional Planning Commission agreed to the requested zoning change for the new residences.
One tract located at 1690 Fagan St. and on the 1000 block of East 16th Street would hold 50 townhouses and 18 multi-family units, according to plans. An adjacent parcel at 1024 E. Main St. will have 31 townhouses, plans show.
Units there are expected to range from $300,000 to $500,000 each, Boehm said.
Work is to start in the first half of 2022 on those residences, he said.
Just a block away at East Main and Fillmore streets, Boehm last year proposed a retail and housing development. That project, on which work has started, will have from 57 townhomes or condominiums going from $375,000 to $750,000 each, he said, with the first units to come online early next year.
Also, that site will hold 21,000-square-feet of retail space, which is leased up, the developer said.
In addition, across Main Street, Boehm has purchased a site where Fox 61 WDSI-TV had been located for many years. His group is working on a plan for residences on that site, he said.
"This will feel like one large development," he said about his plans for the area. "The neighborhood is completely changing."
A Nashville developer has already begun work on $40 million in new residential and retail space at 1601 Holtzclaw Ave., that formerly held a Rock-Tenn facility. Plans are to put up for sale up to 120 residential units and 30,000 square feet of retail space, said developer Michael Kenner.
Also, Chattanooga businessman Sean Compton has proposed a new mixed-use project off of South Holtzclaw Avenue in a potential $20 million development. Compton wants to reuse the longtime Lucey Boiler industrial site and turn it into a location for new townhomes, retail-and-event space and possibly a boutique hotel.
Last year, Chattanooga developer Ethan Collier unveiled another housing and commercial project to go up in the East Main area on about 30 acres around the former Standard-Coosa-Thatcher textile site.
Called Mill Town, the $120 million development would hold about 330 residential units along with apartments and commercial space, said Collier, president of Collier Construction.
Contact Mike Pare at firstname.lastname@example.org or 423-757-6318.