A combination of 60 rental units and over 10,000 square feet of retail space is coming to the corner of Market and Main Streets in 2014. Main and Market Apartments will feature living spaces ranging from efficiencies to 1,500-square-feet, three-bedroom apartments for those interested in living in downtown’s Southside district. The street level of this development will be available for retail leasing and offer resident and guest parking. Through an advisory group developed by River City Company comprised of downtown stakeholders, urban designers, architects and developers including former Director of the Urban Design Studio Stroud Watson, this parcel of land now known as Main and Market Apartments is to be developed and managed by Wise Properties of Chattanooga.
John Wise, president and CEO of Wise Properties said, “I understand the importance of this gateway for the Southside and the investment that has been made in this area. By working with the River City Company advisory group and through their stringent design process, we’ve been able to create a development that meets a need downtown and that I feel will be an enhancement to the area.”
With River City Company’s commitment to Main Street and focus on downtown living, this development provides needed rental living space downtown at the key gateway of Main and Market Streets.
President and CEO of River City Company, Kim White, explained the importance of that intersection in our urban core. “Acting as an entryway to our downtown, the intersection of Main and Market Streets holds great potential for our city. This type of development that is sensitive to both a need in our city and the quality design history River City Company strives to uphold will further revitalize Main Street and further qualify downtown Chattanooga as the place to live, work and play.”
Former director of the Urban Design Studio and retired partner at Kennedy, Coulter, Rushing & Watson, Stroud Watson said that the design for this development has “a refreshing look that reaches into the past and belongs to 2013 simultaneously. Market and Main Apartments will be ordered and memorable; just what the entry corner into the city should reflect.”
The architect behind Main and Market Apartments, Eric Myers of Elemi Architects, believes that “this apartment development meets a need in our city and does so in a contemporary way, while being respectful of an emergent and refreshingly diverse architectural timeline that is characteristic of the Southside.”
Main and Market Apartments will start construction sometime in early 2014 and are slated to be finished late 2014 or early 2015.