New Self-Storage Facility To Open In The Southside

Tuesday, August 20, 2013

NitNeil Partners, a regional real estate development and investment firm, has expanded into the Tennessee market with the development of a new self-storage facility in downtown Chattanooga. 

The new three-story building will feature 57,545 square feet of climate-controlled self-storage.

Located off of Broad Street in the Southside Historic District of Chattanooga, the facility will offer residents, businesses and students a high quality, highly secure self-storage option that is convenient to the urban core, officials said.

 

"Downtown Chattanooga has emerged as an attractive destination for entrepreneurs and residents that are seeking a great quality of life." said Nitesh K. Sapra, principal of NitNeil Partners. "This facility will provide support to the residential and economic growth that the city is currently experiencing."

 

NitNeil Partners recently completed a similar facility in the Inman Park neighborhood of Atlanta. The facility has been very well received by the surrounding neighborhood, it was stated. 

The Chattanooga facility is projected to be completed in Spring of 2014.    


Apartments On McCutcheon Road Sell For $29.5 Million

An apartment complex on McCutcheon Road has sold for $29.5 million. The sale of the Bridgeway of Chattanooga Apartment homes was to Chattanooga Apartment Properties Lp from Bridgeway Chattanooga Realty Partners Llc. The new owner has offices at Seven Fields, Pa. (click for more)

Walnut Commons Reaches Agreement To Pay $761,000 For Ground Rights

The Walnut Commons apartment complex at Walnut Street and Riverfront Parkway has reached an agreement to acquire the ground rights for $761,000. The Chattanooga Downtown Redevelopment Corporation, a city board, now holds the ground lease and is due payments based on the cash flow of the apartments. There was a disagreement earlier on the amount owed, and the city wound up ... (click for more)

Firefighters Stop Fire At Local IHOP Restaurant

Chattanooga firefighters did not have far to go when fire broke out at the IHOP on Highway 153 in Hixson around  9 a.m.  on Friday. Battalion Chief Don Bowman and firefighters with Quint 16 had just enjoyed a nice breakfast there while having a morning staff meeting. When the firefighters returned to their fire truck and were getting ready to drive off, one of the firefighters ... (click for more)

City Councilman Chris Anderson Gearing Up For Election A Year Away

City Councilman Chris Anderson is already gearing up for the next city election, though it is over a year away. In the financial disclosures due Feb. 1, he reported receiving $24,165 for the reporting period from July 16, 2015 to Jan. 16. He spent $4,887 during that period. Councilman Yusuf Hakeem took in $11,110 during the period. Councilman Russell Gilbert reported ... (click for more)

Black History Month Hero - Theodore McGraw (Kidd) AKA "Pongee"

I grew up in "Old St. Elmo" on 39th Street behind the Incline. As a child I remember my older brother "Pongee" as being my hero. This month of February being Black History Month, I cannot think of a better person to be honored than my late older brother, Theodore McGraw (Kidd) aka "Pongee" of St. Elmo (Gamble Town). Growing up without my father, Theodore was always available ... (click for more)

Roy Exum: ‘Chatt2.org’ Needs You Now

A diverse yet powerful panel of community leaders in Nashville delivered a letter to the Metro Nashville Board of Education last week. It was signed by some top men and women who represent a wide-ranking cross section of Tennessee’s largest city and includes education, business, religious and diversity superstars. You need to understand the urgency behind the letter. Davidson County ... (click for more)