Developer Downey Says He Is Glad To Return To Chattanooga For Black Creek Project

Tuesday, April 15, 2014
Tim Downey
Tim Downey

Former Chattanoogan Tim Downey said he is glad to return to the city for the development of the Black Creek property.

His Southern Land Company,  a  Franklin, Tn.N-based, full-service real estate development firm, has been named the master developer for Black Creek Mountain, according to York Capital, majority owner of the  project.

Southern Land Company CEO Downey began his building and development career in Chattanooga in the mid-1980s, bringing a number of high-end residential communities online including Ram’s Gate, Legends, Rosemere, and Emerald Valley.

 Since relocating to Nashville in the late nineties, Mr. Downey has significantly expanded the company’s portfolio into Middle Tennessee, Texas, Colorado, North Carolina, Pennsylvania, and New York. One of the firm’s well-known master planned, mixed use projects is Westhaven located in Franklin.  Southern Land currently has offices in Nashville, Dallas and New York City.

 “As a developer who got his start with a small operation in Chattanooga  over 25 years ago, it is very rewarding to have come full circle and return to a city that I admire very much,” said Mr. Downey. “We believe that Black Creek has a great deal of potential and we are excited to be back in town.”

Located in Lookout Valley at the base of Aetna Mountain, Black Creek Mountain is six minutes from downtown Chattanooga.  Officials said, "Black Creek’s property includes homes and homesites at the base of the mountain with extraordinary views and community amenities that include miles of nature trails, fishing ponds, tennis, cascading pools, sports complex, grand clubhouse and an award-winning golf course."

The property also includes land on top of Aetna Mountain which will include future residential and commercial development. 

Presently, there are 396 completed homes and approximately 20 currently under construction in the development's first phase with single family homes starting in the mid $200s and estate homes starting in the $400s.   A variety of single family home plans, quality builders, and homesites remain available in phase one. 

Officials said, "The high architectural standards are one of the many reasons Black Creek Mountain was the number one selling community in Chattanooga in 2013."

The builders include Black Creek Builders, Hagaman Construction Company, Hill Haven Holdings, P&C Construction, RDG Properties and Dexter White Homes.  Sales are managed by Black Creek Mountain Realty.  

As master developer, Southern Land Company will assume control over all elements of the community’s remaining build-out.  Mr. Downey said the natural elements of the property are perhaps its largest asset.

He said, “This is a beautiful piece of land, and requires a lot of planning to ensure that the new homes compliment the landscape in a way that preserves the natural elements of Aetna Mountain. As a company, we have a great deal of respect for striking a balance between new developments and preserving the integrity of the property. That will be a big consideration for us as we begin work at Black Creek.”

Gary Chazen, who is part of the investment group behind the project, stated, “I have known Tim Downey for many years and look forward to working with him and his Southern Land Team. I am excited to have their expertise in development, knowledge in management of mixed use communities and overall business practices that will be applied at Black Creek Mountain.”

Silver Anniversary Engineering Excellence Awards Will Be March 8

Engineers, business and civic leaders, and state, city and county officials from across Tennessee will gather in Franklin on Tuesday, March 8, 2016, to celebrate 25 years of engineering excellence with the annual Engineering Excellence Awards (EEA) gala sponsored by the American Council of Engineering Companies of Tennessee (ACEC of Tennessee). Among the 23 nominees are high-profile ... (click for more)

October Home Sales Indicate Increase In New Listings

The October home sales report from the Greater Chattanooga Association of Realtors includes a healthy rise in new listings.  Transitory periods in the market are common this time of year, and after a persistent period of steady year-over-year climbs in sales metrics, recent low national numbers have not fulfilled what many predicted. But on a positive note, jobless ... (click for more)

Larry Schumacher Named Chief Executive Officer Of CHI Memorial

The board of directors of CHI Memorial and Catholic Health Initiatives (CHI) have chosen Larry Schumacher as the chief executive officer (CEO) of CHI Memorial effective Jan. 4, 2016 . Mr. Schumacher comes to CHI Memorial from Hospital Sisters Health System (HSHS) based in Springfield, Illinois where he served as system chief operating officer for the past eight years.  ... (click for more)

Chattanooga Under Flood Watch Through Wednesday

With a steady rain set to continue through Wednesday, Chattanooga is under a flood watch. Over four inches of rain are expected in some areas. Here is the advisory from the National Weather Service: ...LOCALIZED FLOODING POSSIBLE ACROSS EAST TENNESSEE AND SOUTHWEST VIRGINIA THROUGH WEDNESDAY MORNING... .THE COMBINATION OF DEEP SUBTROPICAL MOISTURE AND A SLOW MOVING FRONTAL ... (click for more)

City Council, Please Reconsider On The 7-Story Apartment Variance

I would like to thank the Regional Planning Commission and the Regional Planning Agency   for denying the recent application for a variance from the current zoning requirements in place for the 1200 block of Cowart Street. The developers want to build a 7-story parking deck with 141 efficiency and one-bedroom apartments wrapped around three sides in an area with a 48' height ... (click for more)

Roy Exum: My Garden In December

As the fallen leaves confirm today is the first of December, my monthly walk in life’s garden is more foggy than fun. In much-older times, good children would get a piece of candy on Christmas Day while bad ones would receive a lump of coal. So here are some things that deserve a helping of both: A PIECE OF CANDY to the amazingly few who can spy a nest of mistletoe high in area ... (click for more)