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.”



Habitat For Humanity Of Greater Chattanooga Greater Area And Thrivent Financial Partner To Improve A Family’s Life

Habitat for Humanity of Greater Chattanooga Area  has been awarded $67,000 from Thrivent Financial to support construction of a Habitat home for an area family, as part of the Thrivent Builds program. This is the eighth home in Chattanooga to be built, thanks to Thrivent’s support. Thrivent Builds with Habitat for Humanity is an ongoing multi-year, multi-million ... (click for more)

Real Estate Transfers For Jan. 22-28

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

Appeals Court Rules Against WWTA In Lawsuit Brought By Apartment Complex Over $8 Monthly Charges To Units

The Tennessee Court of Appeals has ruled in favor of an apartment complex that sued the Hamilton County Water and Wastewater Authority (WWTA) over an $8 monthly charge per apartment unit for preparing private service laterals. The court overturned a granting of summary judgment in favor of WWTA by former Judge Jackie Bolton. The appeals court said American Heritage Apartments, ... (click for more)

1 Dies In House Fire In Rhea County

Rhea County Fire Department officials said one person died in an early-morning house fire on Saturday. The call came at about 6:30 a.m. The brick residence is on Fisher Road. S tate arson investigators were on their way. (click for more)

It's Time To Insure Tennessee - And Response

Tennessee has a problem.  What is the value of saving the lives of 1,000 Tennesseans each year? That is exactly what can be expected if 176,000 Tennesseans gain health insurance through Insure Tennessee. A New England Journal of Medicine study showed that expansion of Medicaid was associated with a 6% reduction in yearly mortality for people in the 34-65 age group. Statistically, ... (click for more)

Roy Exum: Boots, Idiots & Guns

As the month of February was born this morning, allow me to hurriedly share three leftovers that were still in last month’s basket: * * * A first-grade teacher had endured a long day and was helping her students bundle up for the trip home when one of the little boys asked for help getting on his boots. Soon she could see why. Even with her pulling, and him pushing, the ... (click for more)