Posts Tagged ‘Southside’

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.