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.


 


Planning Agency Staff Recommends Denial Of Request For Doctors Office, Pharmacy On Shallowford Road

The Regional Planning Agency staff is recommending denial on a rezoning request for a doctors office and pharmacy at 7683 Shallowford Road. Wanda Threat is making the request. The staff said it is not in accord with the Land Use Plan. The approximately 1.2-acre site would only have access from Shallowford. The plan is to use an existing building for phase 1 and eventually ... (click for more)

8 Apartments, Commercial Space Planned At Corner Main Street, Central Avenue

A developer is proposing eight second-story apartments and 7,500 square feet of commercial space at the northeast corner of Main Street and Central Avenue. The site being developed by Richard Zavala is just over half an acre. The main entrance will be on Cemetery Avenue and secondary access through an alley. The two-story building will front both Central Avenue and East ... (click for more)

Cleveland School Board Votes 5-2 To Terminate School Director Ringstaff Over Twitter Messages

The Cleveland School Board on Friday fired Dr. Martin Ringstaff, director of schools, for sending sexually explicit messages to an anonymous woman a year ago.  His termination is effective immediately and does not include severance pay.  The school board called an emergency meeting after Dr. Ringstaff, who is married, admitted to sending explicit messages to ... (click for more)

History Center Not Giving Out Any More Information On Past Spending Details, Current Status, At This Time

The president of the Chattanooga History Center, which has halted plans for a world class history museum near the Aquarium after raising over $10 million, said no other information will be provided at this time. Chattanoogan.com had sought details about prior spending and the salary of former executive director Daryl Black as well as the center's current status. Jo Coke said, ... (click for more)

A Missing Link In Chattanooga's Crime Prevention Program

I would like to begin by introducing myself. I grew up in Chattanooga and I love this city. As a child, the space program and lunar landings were in full swing. I dreamed of a progressive city. I grew up reading books about space, travel, and superheroes at the Bicentennial Library.  I am the only son of a local pastor and businessman. When I graduated from East Ridge High ... (click for more)

Roy Exum: The School’s Search Begins

Jonathan Welch, the chairman of the Hamilton County School Board, had no idea he would be giving himself a well-deserved treat some months ago when he promised his son they would go on a mission trip together. This week has to be the first time his phone hasn’t blinked overload since a December tragedy triggered a tsunami and repeated shock waves that crashed the Hamilton County ... (click for more)