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.

 


Greater Chattanooga Association Of Realtors Offers Tips For Holiday Moves

For many, the holiday season is a time punctuated by family, feasts and endless festivities. But while some may be celebrating in homes overflowing with warmth and Christmas cheer, others may be facing an entirely different reality— surrounded by boxes, empty cupboards and a moving van out front. While it is especially tough to be uprooted during the holiday season— with the help ... (click for more)

Apartments On Jenkins Road Sell For 25 Million

The S tandifer Place Apartments at 3400 Jenkins Road have been sold for $25.5 million. The were sold to  Graybul Standifer Place LLC, from  Apro Li LLC, Apro Li Standifer Chattanooga. (click for more)

2 Juveniles Arrested For Arson In Sevier County Fires

An investigation by special agents with the Tennessee Bureau of Investigation, National Park Service, Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the Sevier County Sheriff’s Office has resulted in charges being placed against two people in connection with the deadly wildfires in Sevier County.  Last week, at the request of 4 th  District Attorney General ... (click for more)

Shannon Whitfield Already At Work Eliminating Sole Commissioner Post In Walker County; Process To Take 4 Years

Shannon Whitfield is already at work eliminating the position he won by a landslide in the recent election. Mr. Whitfield, who takes over at 12:01 a.m. on Jan. 1 after a 16-year reign by Bebe Heiskell, noted, however, that it is a four-year process. He said the two House members and local senator are working with him on legislation that must first be approved. That should ... (click for more)

Vehicle Emissions Testing Causes More Pollution Than It Prevents - And Response

While a noble cause to make sure vehicles are operating efficiently with the minimum amount of pollutants, a simple analysis makes it somewhat evident the VET program in Chattanooga causes more pollution that it prevents.  Though I don't know how many vehicles are tested on an annual basis, if you assume an average round trip of 10 miles to the nearest testing station (five ... (click for more)

Roy Exum: You Can’t Sue You

The Hamilton County School Board will convene an hour earlier tomorrow to discuss “facilities” and the question of the hour is “Which ones?” Several communities are actively studying pulling away from the county’s Department of Education and the stew is thickening by the day. Now comes the revelation that school board attorney Scott Bennett has sent an email to the town of Signal ... (click for more)