Moon Says Walnut Hill Townhomes Will Eventually Cover Block

Monday, January 28, 2013
New townhomes going up along Fourth Street at the Walnut Hill Townhomes
New townhomes going up along Fourth Street at the Walnut Hill Townhomes

Developer Mike Moon told members of the Chattanooga Redevelopment Corporation on Monday that the Walnut Hill Townhomes will eventually cover all of the block bounded by Walnut and Cherry streets and Third and Second (Aquarium Way) streets. 

That includes a surface parking lot now owned by the city at the corner of Walnut and Aquarium Way, he said.

Meanwhile, the CDRC gave approval for a city parking official to stripe the lot and begin charging $3 per day for parking.

There was discussion of leaving about 20 percent of the 88 spaces for use by hospitality workers at a rate of $15 or $20 per month. There was a question on whether the city can legally give the price break to one group.

That lot is largely used currently by downtown servers and hotel workers.

Another nearby space that provided free parking was lost when work started on a four-story apartment complex at Walnut and Aquarium Way running to Riverfront Parkway.

Mr. Moon said Walnut Hill Townhomes was supposed to have been built out much earlier. He said, "We had a time schedule based on the high point in local real estate development. Then we hit the low point in local real estate development."

Julian Bell of the CDRC said, "I admire you for sticking with it. Someone else might have walked away."

Mr. Moon said units have been built as new ones were sold. Two townhomes along Fourth Street are under construction with one of those sold.

He said only two remain unsold along Cherry Street and one is due to close on Feb. 25.

 

 

 

 


Sustainability A Key To TVA’s Lower Carbon Future

With all the recent media reports, it’s hard to make sense of whether or how carbon emissions will affect us locally, nationally or globally. As the largest public utility in America, TVA knows that it plays an important role in providing clean, reliable and affordable energy to power the Tennessee Valley. To get some answers and sort out carbon fact from fiction TVA officials sat ... (click for more)

Real Estate Transfers For June 8-14

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Rico Says It Appears Killers Of 2 Youths At Cemetery "Were Making A Statement"

Former City Councilman Manny Rico, who discovered two dead bodies at the Highland Memorial Gardens on Tuesday morning, said it appeared their killers "were making a statement." Mr. Rico said the bodies were lying on a roadway. He said, "It was just a short distance from some woods. They could have dumped them there and they would not have been found for a long time." Police ... (click for more)

Eyewitness To Murder Says Man In Back Seat Told Another Youth To Fire After Failed Drug Deal

An eyewitness to a murder told a Criminal Court jury that a man in the back seat of her boyfriend's car told another youth to shoot the boyfriend. Charles "Chaz" Holsey, 19, died as a result of the gunfire after a drug deal gone bad on March 2, 2015. Briston Smith, who was 18 at the time of the slaying, is standing trial for felony murder and attempted especially aggravated ... (click for more)

Tom Edd Wilson Was A Great Visionary

We want to add to the many heart-felt messages that have been expressed regarding the recent passing of Tom Edd Wilson, a truly great visionary.    While he made his mark on many local organizations, Tom Edd will always hold a special place in the hearts of those who worked closely with him at Erlanger.   We benefited greatly from his steady guidance, leadership ... (click for more)

Roy Exum: Leaders Stand ‘Way Back’

Franklin McCallie, a former principal at Howard School and the maverick in one of Chattanooga’s finest families known for education, delivered an impassioned speech before the Hamilton County Commission on Wednesday. Sadly, his remarks came after the commissioners had passed the FY2018 budget that has no financial methodology for the Department of Education, much maligned in the ... (click for more)