Walnut Hill Townhome Developers Slowly Circling The Block

Saturday, August 16, 2014

Developers of the Walnut Hill Townhomes are slowly circling a downtown block.

Units were first built the length of Cherry Street between Aquarium Way (Second Street) and East Third Street.

The newest units are rising along East Third.

Dale Mabee, who is developing the upscale project along with Don and Mike Moon, said two of the five East Third two-story units have been sold. There were 12 sold along Cherry Street.

Mr. Mabee said as units are sold, the development will continue to the corner of East Third and Walnut, then go back along Walnut toward Aquarium Way.

The group has an option on a current lot owned by the city that has long been used as a parking lot. It is at the corner of Walnut and Aquarium Way. Mr. Mabee said the lot is sparsely occupied except for weekends and special events.

Mr. Mabee, noting that the project was started in 2008 before the real estate market took a nosedive, said, "We feel very fortunate to have done as well as we have in a down market."

He said potential buyers o Walnut Hills Townhomes "like the fact that there is not communal parking or someone over you like in condos." The units come with two-car garages in the rear. There is a "bonus room" above the garage. He said some have used as an extra bedroom and others as offices.

There is an option for an elevator in each of the units - whether two-story or three-story.

A unit that has been furnished as a model on East Third Street is priced at just over $600,000.

 


THDA Now Accepting Blight Elimination Applications

The Blight Elimination Program from the Tennessee Housing Development Agency is officially active.    THDA can now begin accepting loan applications and funding demolition and greening activities to stabilize local housing markets.    "We're thrilled to be able to put these Treasury dollars to use in neighborhoods where one or two abandoned houses are ... (click for more)

Chattanooga's Compass Auctions & Real Estate To Sell Tracts Around Atlanta's Turner Field

Chattanooga-based Compass Auctions & Real Estate, LLC has been selected by the Federal Deposit Insurance Corporation (FDIC) to list and sell a real estate portfolio in the Metro and Southern Atlanta area totaling nearly $20 Million.  The highlight of the group of properties is 40 parcels adjacent to Turner Field Stadium. The 40 parcels equal 4.67 acres and are located ... (click for more)

Fire Destroys Highway 58 BBQ

A fire destroyed a barbeque restaurant on Highway 58 on Friday afternoon.   Chattanooga firefighters were dispatched to the Highway 58 BBQ around 6 p.m. The business is located at 4921 Highway 58. Though the business was housed in a small building, the flames and smoke could be seen from a long distance away.  Captain Teri Rose with Quint 6 said the ... (click for more)

2nd Independent Candidate May Be On Walker County Ballot

A second Independent candidate may be on the ballot for sole commissioner of Walker County in the election on Nov. 8. Perry D. Lamb, Jr. has been working toward collecting the necessary 1,640 signatures of registered voters on a petition. His campaign said he is close to the goal. Incumbent Bebe Heiskell is running an an Independent. Election officials said since she was ... (click for more)

Improvements Needed At Entrance To Wilcox Tunnel

I am writing this letter to bring to your attention to a city traffic issue that needs to be addressed immediately, the sooner the better. I can see no large cost factor.   Recently, while as a concerned citizen, removing trash and litter from the entry/exit area of the Wilcox Tunnel on the side that runs into Chamberlain Avenue, I fully realized that this area could ... (click for more)

Roy Exum: Looking For A Wife

Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head was worth. But suddenly my rapt attention is riveted on Coeur d'Alene again because a dazzling social experiment is taking place this very moment at a plush resort in north Idaho. Several ... (click for more)