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.

 


Crye-Leike’s CIO Gurtej Sodhi Promoted

Crye-Leike announced the promotion of its chief information officer, Gurtej Sodhi. Two years into being assigned the role of the chief strategist in addition to being Crye-Leike’s chief information officer, Mr. Sodhi has been promoted to the position of chief information and operations officer for the Crye-Leike Group of Companies. In his new role, Mr. Sodhi is chartered ... (click for more)

Chattanoogan Kathy Tucker Elected 2017 Secretary-Treasurer For Tennessee Realtors

Kathy Tucker, managing broker of Crye-Leike Realtors in Chattanooga, was installed as 2017 secretary-treasurer for the Tennessee Association of Realtors at its fall convention. She will serve in this key role as part of the statewide association’s 10-member executive committee. Ms. Tucker , CRS, GRI, is a veteran of 38 years as a realtor. She is a member of the Greater ... (click for more)

Commissioner Smedley Comes Up With Another $25,000 To Do Away With Porta Potties At East Hamilton

County Commissioner Sabrena Smedley has come up with another $25,000 to try to do away with porta potties at East Hamilton Middle/High School. She earlier pulled $100,000 from county funds for the project. Commissioner Smedley said the initial projected cost was $100,000, but the price tag has gone up. The money would be used to build a restroom facility and concession ... (click for more)

Investor Sues Dyer, Brennan For $37,500, Plus $1 Million Punitive Damages

A man who said he invested $37,500 with Douglas Dyer and James Brennan is suing them for that amount, plus attorney fees and $1 million punitive damages. The complaint in behalf of David T. Hardegree was filed in Circuit Court. Also sued were Alison Dyer and Carole Brennan as well as Broad Street Ventures. Mr. Hardegree said he turned over the money to the men for the purchase ... (click for more)

Jimmy Templeton Will Be Missed At The City Yards

If only we had known about the Chattanooga City Council's planned retirement send off for Jimmy Templeton of Public Works, the room would have been filled to overflowing with his friends and admirers - including me.   I have had the honor of knowing and working with Jimmy since the 1970's (and also knew his father "Big Jim").  Jimmy was a strong right hand for whoever ... (click for more)

Roy Exum: Vin Scully’s Last Time

It is said that the opening paragraph of my favorite ode to baseball should be the centerpiece for the canon of sports literature. It was written by former commissioner Bart Giamatti in "The Green Fields of the Mind,” a most marvelous essay to the last day of the regular season in the major leagues. “It breaks your heart. It is designed to break your heart. The game begins in ... (click for more)