Posts Tagged ‘chattanooga’

Construction Beginning Soon on Southside Apartment Building

Wednesday, June 22nd, 2016
Rendering of the new apartment building to be built on the 1400 block of Chestnut Street.

Rendering of the new apartment building to be built on the 1400 block of Chestnut Street.

Construction is soon to begin on a new apartment building at 1400 Chestnut Street in Chattanooga’s Southside neighborhood.

The 1400 Chestnut project is a five-story apartment building that will offer 210 one- and two-bedroom units with on-site parking spaces for residents. Units will range from around 650 SF to 1150 SF.

1400 Chestnut is being developed by Kore, LLC, a Birmingham, AL based multifamily development company. Kore’s team has managed over $1 billion in commercial construction and development projects over the last 42 years.

The apartment building will front Chestnut Street and look over the Main Terrain Park to the east. The developer’s plans include a parking level that will be screened from public view to create a more pedestrian-friendly look and “pocket parks” along the building’s ground level to encourage pedestrian interaction.

The 1.62 acre lot, which has been vacant since the 1980s, sold earlier this year for $1,375,000. Rudy Walldorf, CCIM with Herman Walldorf Commercial, Inc. represented the buyers.

 

New Life for Older Shopping Center

Thursday, June 16th, 2016

 

4825 Dayton BoulevardThe former BI-LO anchored shopping center at the intersection of Dayton Boulevard and Browntown Road has been purchased by Duane Hixson, the owner of B & D Salvage Company.

The center contains approximately 45,000 square feet of retail space on 13.25 acres. It had largely been unoccupied since 2006 when BI-LO (now Food City) built a much larger store at the corner of Morrison Springs Road.

The initial plans are to renovate the center with B & D occupying the former grocery store area of 28,000 square feet, plus the adjacent shop of 7,000 square feet. Mr. Hixson is considering a new addition to the west side of the grocery.

This new store will be a relocation of the B & D Salvage store from the former Food Lion store on Mountain Creek Road.

As previously announced, the Food Lion center was vacated to enable the construction of a $4,000,000 conditioned storage facility.

The purchase price for 4825 Dayton Boulevard was $725,000.

Rudy Walldorf, CCIM, of Herman Walldorf Commercial, Inc., represented the seller in this transaction with Tom Cofer of RiverCity Realty representing the buyer.

Rudy Walldorf interviewed by National Magazine on the future of Chattanooga

Friday, January 30th, 2015

Building Community, Re-Building Commerce in Chattanooga, Tennessee.

 

Read Full Article . . .

Volkswagen Kickstarting Expansion for SUV

Wednesday, October 22nd, 2014

Chattanooga-Times Free Press, Sept. 18, 2014, Mike Pare, Staff Writer

Volkswagen’s $900 million expansion to build a sport utility vehicle at its Chattanooga plant is off and running, with new construction to the factory’s body shop, assembly finish area and technical center up first.

“Speed is of the essence,” David Calfee, VW’s manager of construction planning, told about 30 builders and others at a pre-bid conference Wednesday.

VW plans to construct at least 213,000 SF of new space in the first part of the project.  There’s also an alternative to add another 43,000 SF to the body shop if company officials so choose.  In total, that’s nearly half of the 538,000 SF the automaker plans to add to its 2 million square foot factory in Chattanooga.

“We’ve got more projects in the future,” Calfee said.  Read more . . . volkswagen kickstarting expansion for

Tennessee Temple Puts Land on the Market

Wednesday, September 18th, 2013

Tennessee Temple University is listing the bulk of its 21-acre Highland Park campus for sale, President Dr. Steve Echols told students Tuesday.  School officials on Sunday indicated they were exploring the possibility of a move to the 170-acre campus of Woodland Park Baptist Church in Tyner.

The property, as of this morning, is listed for $19.6 million by Herman Walldorf Commercial Real Estate.

“We have already gotten such strong support [on the idea of moving],” said Echols.  “It’s been so overwhelming, we said, hey, let’s go ahead and put this in a more formal way.”  The more than 21 acres includes 470,000 square feet of improved structures within the fenced campus, plus the school’s distant education building, an elementary school building, warehouse building, and some vacant land beyond the fence.

Read More . . . Temple puts land on market

Chattanooga Reinvents Itself, At Its Own Pace

Tuesday, August 14th, 2012

Wall Street Journal – The housing boom largely bypassed this midsize city in the Appalachian foothills, which  many big developers found too small and too remote to warrant many major investments.

But missing out on the national joy ride turned out to be a double blessing for residents:  Not only did the local economy dodge the foreclosure hangover that continues to dog other areas, but local and state officials instead spent the time devoting resources to lure big employers that have helped give the former manufacturing city a second act.

Read More…

Herman Walldorf & Co., Inc. Sells Tract for Luxury Apartments

Monday, August 2nd, 2010

City Green at Northshore Announced

282 Luxury Apartments Near Downtown

In July, 2010, the sale was closed for the 26-acre tract of ground located off US-27 and bounded by Signal Mountain Boulevard and Dayton Boulevard.  The purchase price was $990,068.  The sale was brokered by Rudy Walldorf, CCIM, of Herman Walldorf & Co., Inc. who commented, “I can remember walking this parcel with Bob Corker (now Senator Corker) around 30 years ago.”

Read More . . .

Walldorf Home featured on the Today Show

Friday, October 2nd, 2009

Visit msnbc.com for Breaking News, World News, and News about the Economy

Realty Times – August 3, 2009

Monday, August 3rd, 2009

Are today’s homes undervalued?

Yes, but it may take 3 years – just like prognosticators are saying about the stock market – to come back to early 2008 levels. Nationally, the median house price has dropped 14% from a year ago, but has stabilized. “It is safe to say we have reached the point where prices are justified by the fundamentals of the economy and may even represent an undervaluation” says chief economist Lawrence Yun of the National Association of Realtors. The Wall Street Journals’ headline Saturday, August 1, proclaimed the end of the national housing slump and the gradual rise of home prices and activity.

Read more …

Replacing your heat/air units soon?

Friday, July 24th, 2009

Here’s what you need to know about “green future” which will help the resale of your home complements of Housemaster’s inspection newsletter:

A milestone in a planned 30-year international phaseout of environmentally sensitive refrigerants used in residential air conditioners and heat pumps occurs in six months. After January 1, 2010, manufacturers of air conditioners and heat pumps can no longer produce equipment that uses the refrigerant R-22, which is commonly know by the brand name Freon®.

Because of this pending deadline, there is a lot of misunderstanding among contractors and homeowners about the future status of systems currently in homes that use R-22. Most affected will be homeowners needing to repair a malfunctioning system or contemplating replacement of an older system. Before making a decision on the remedial options available to them, homeowners should be aware that contrary to the impressions they may have been given by HVAC salesman or service technicians, it will still be possible to service and repair many older R-22 systems for years to come.

While the phaseout requirements only allow refrigerant manufacturers to produce R-22 for use in new equipment until 2010, they can continue production of a regulated amount of R-22 until 2020 for use in the servicing and repair of existing R-22 equipment. It is not until 2020 that the production of R-22 will cease and subsequent servicing of R-22 based systems will have to rely solely on stockpiled or reclaimed and recycled refrigerant.

In anticipation of this phaseout, some manufacturers began manufacturing equipment that uses a new type of refrigerant several years ago. But given the extended phaseout schedule, it is expected that R-22 should continue to be available for servicing for all equipment that requires R-22 for another 10-15 years, which will at least match the typical maximum service life of most air conditioning and heat pump systems. So while manufacturers will not be able to make equipment that uses R-22 after January 1, 2010, the refrigerant will still be available in the near future for servicing of existing equipment.

Between the R-22 phaseout and recently implemented new minimum energy efficiency requirements, however, salespeople and service technicians will be pushing for all new equipment whenever significant repair needs exist or the equipment is old. Ultimately, the best approach in each situation though, will depend on a number of factors including: the cost of repair versus replacement, the age and efficiency of your equipment, you future occupancy plans, and your approach to protecting the environment.

To help address questions you may have about the phase out of R-22, review information the U.S. Environmental Protection Agency and Heating, Refrigeration and air Conditioning Institute of Canada have posted on their websites. Particularly helpful may be a listing of FAQ for consumers issued by EPA.

Remember, these tips are only general guidelines. Since each situation is different, contact a professional if you have questions about a specific issue. More home safety and maintenance information is available online at www.housemaster.com. Copyright © DBR Franchising, LLC.