The first phase of the Adamstown townhomes is ready for occupancy - at a site off East Main Street that once featured a scattering of crack houses.
Deb Royal, one of three developers for the project, said, "We're real excited about all that is going on in the Main Street. The more people the better."
She added, "There are some really great people living in this neighborhood. It is a real close neighborhood."
Adamstown is at the end of Adams Street behind the old Adams Tire (still earlier it was Royal Crown Cola bottling). The old bottling building is now occupied by an artist as his studio and home.
Artists, too, are welcome at Adamstown, and one is among the earliest purchasers. Artists can get a $15,000 "forgivable loan" for Adamstown and other nearby qualified projects.
The first unit at Adamstown is due to close on Feb. 10. Real Estate Partners is handling the sales.
A second unit has been sold.
Ms. Royal said the developers will start on the second phase as soon as a couple of more units sell. It will be adjacent to the current building at the end of the street. Each features seven three-story townhomes. There is a deck with a view toward Lookout Mountain and in the direction of the nearby Chattanooga Choo Choo.
Ms. Royal said a third phase will be across the street, but is planned to be two stories so it will not block views.
A grassy area at the rear of phases 1 and 2 will be retained, and there is a patch of woods beyond that. Ms. Royal said the woods is an old unopened city right of way for Jefferson Street.
The other deveopers are Terry Parks and Bobby Bass. Their firm is PBR Development.
Heidi Hefferlin is the architect.
The townhome units have three bedrooms and 2.5 baths.
They are priced at $219,000.