Tim Downey Now Developing Huge Aetna Mountain Tract

Tuesday, March 25, 2014

A local developer is now in charge of a planned $70 million residential and commercial on Aetna Mountain in Lookout Valley.

Tim Downey is in charge of the project that was formerly overseen by Brant Enderle, who had been involved in a number of projects around the country.

Mr. Downey founded the Southern Land Company in 1986.

The Black Creek Mountain group received approval in 2012 for a Tax Increment Financing (TIF) District to pay for a $9 million road up Aetna Mountain to the development.

Doug Stein, one of the developers on the project, earlier said the site "may be the most important piece of land in our community remaining to be developed."

He said the property is as high as Lookout Mountain, flatter and has more acreage than the town of Lookout Mountain, Tn. He noted that it is now all within the city of Chattanooga with recent annexation.

He stated, "This is really developing another small town."

Mr. Stein said there is room for 1,400 to 1,500 residential units on top of the mountain based on a low density. He said the group plans at least 200,000 square feet of commercial space that includes public recreation facilities, assisted living, resort and lodge facilities and a corporate retreat center. The houses are to be in different price ranges, starting at $185,000. 

He said the group has set aside corporate office space, land for the public school system, a town center, an office park and space for restaurants.


 


Buffalo Valley Celebrates Opening Of Veterans Housing

Buffalo Valley, Inc. cut the ribbon on four new rental homes today in Chattanooga that will be used to provide housing and support services for local homeless veterans.  Chattanooga Mayor Andy Berke joined representatives from Buffalo Valley, the Tennessee Housing Development Agency, and the Federal Home Loan Bank of Cincinnati at Friday morning's ceremony to commemorate ... (click for more)

New Partner Family Chosen For Home At Habitat For Humanity Of Catoosa County

At Catoosa Habitat a new partner family has been chosen for a home.  A single mother named Janelle and her two children (ages 5 and 8) received the news two weeks ago that, after several years of waiting, they will receive the chance to have their very own home. “My kids always tell me ‘When are we going to our home?’ and I say I’m working on it.” said Janelle.  After ... (click for more)

Richard Anderson, 29, Struck And Killed While Trying To Cross Highway 153

Richard Anderson II, 29, was killed Friday night, while trying to cross Highway 153.   Chattanooga Police responded at 11:36 p.m. to a traffic crash involving a pedestrian struck.   A Honda Civic driven by Kelsey Hamilton, 20, was traveling southbound on Highway 153 in the middle lane with other traffic in adjacent lanes.   Mr. Anderson, wearing ... (click for more)

Eppard, 32, Charged With Aggravated Statutory Rape After 17-Year-Old He Was Living With Has Baby

Police have charged 32-year-old Anthony John Eppard with aggravated statutory rape after the 17-year-old girl he was living with had a baby. Officers were called to a civil dispute on Hillsview Drive on March 8. It was then found that the girl was living at the residence. She could not supply the name of next of kin or a legal guardian. The girl was placed in state custody, ... (click for more)

Silence Ain’t Golden Anymore

There are times – moments – in life that you never forget. That night in 1972, sleeping over at my buddy Bart’s house, was one of them. We had been to a middle school concert and his big brother was in the band (very cool stuff for a 14-year-old!) and as we lay on the floor in our sleeping bags in Bart’s room he said he wanted to play a record that his brother listened to. And, ... (click for more)

Roy Exum: Prove No Improvement

The startling news that this year’s standardized testing was wasted on graduating seniors across Tennessee is most unsettling. This week it was learned the test results, which were to represent 10 percent of our seniors’ final grades, was a total bust. Coupled with last year’s gargantuan testing failure – the whole effort had to be scrapped -- it is now becoming realized that for ... (click for more)