A $60 million housing project, First Volunteer Bank rebranding and the Terminal Brewhouse closing for good are just a few of the many business developments and announcements from the month of April.
Here's a look at the recent business trends this past month in the Chattanooga area:
What closed
The Terminal Brewhouse, near the Chattanooga Choo Choo, closed for good on April 21. The business cited "irreconcilable lease issues" in a statement posted on its Facebook page. The TailGate taproom from Nashville later announced it would move in.
What's expanding
Pods, a moving and storage company, will nearly double its footprint in Chattanooga with a relocation to Enterprise South industrial park.
The Tennessee Valley Authority and Ontario Power Generation announced a partnership to pursue building smaller nuclear reactors in order to meet the demand for carbon-free electricity.
After acquiring First Bank of Dalton, First Volunteer Bank announced it will become Builtwell Bank in late 2022 and begin the rebranding of the bank's branches in Tennessee and Georgia later this year.
Pinnacle Bank gave $5 million to the small business lending nonprofit BrightBridge Capital to support more loans in economically underserved neighborhoods in Chattanooga.
A Hamilton County planning panel in April approved a proposed 55-acre expansion to a construction and debris landfill in Birchwood.
Chattanooga State Community College plans to relocate and double the capacity of its truck driving training offered through the Tennessee College of Applied Technology for commercial driver's licenses and develop another Future Ready Institute focused on logistics.
Announced developments
A $60 million affordable housing complex is scheduled to be built in South Chattanooga. The 240-unit apartment complex will be the largest in the area in about a decade. Local officials and developers participated in a groundbreaking for the area on April 12.
An investor announced that nearly 100 new "starter homes" are planned in Chattanooga near Chickamauga Creek and aimed at helping first-time buyers or empty nesters get into a residence.
Volkswagen is looking at building a second plant in the United States, and it could sit next to its existing Chattanooga factory, a report from Germany said in April.
Rise Partners, a Chattanooga development firm, is planning to build an industrial park on a portion of the former DuPont plant in Hixson.
Chattanooga Airport officials announced in April that a June start is set for the construction of the airport's expanded and revamped passenger terminal.
More than 150 townhomes are planned in a pair of Chattanooga housing developments. A 99-unit project is planned for a tract around 100 Peerless Ave., and the second townhome development is a 55-unit project by locally based RP Homes at 1001 McCallie Ave.
A Chattanooga developer plans to build a 25-unit apartment building and a 17,000-square-foot day care facility off McCallie Avenue.
Gov. Bill Lee proposed a $725,700 grant in April to help Chattanooga officials promote additional development along the downtown riverfront. The money was redirected by lawmakers to the Tivoli Foundation and a health clinic.
- Compiled by Kiara Green