Walnut Commons Apartment Complex Hits 1 More Snag

Monday, July 16, 2012

The planned $11 million Walnut Commons apartment complex has hit one more snag.

Tom Smith told members of the city Health, Educational and Housing Facility Board on Monday that a closing had been set for Thursday with HUD officials.

However, a late construction increase of $125,000 on the electrical portion brought changes that caused a delay on the loan approval.

It will now be the first or second week of August before developers will be able to reschedule the closing in Knoxville with officials of HUD, the federal agency insuring the loan by Wells Fargo.

The project at Walnut, Aquarium Plaza (Second Street) and Riverfront Parkway will include 100 apartment units.

They will be built over a new facility for the nearby Little Miss Mag child center.

Mr.

Smith said, "We are cautiously optimistic that we are almost there."   


Spare Time Chattanooga Sells For $7.135 Million

Hotel In Chattanooga Lookout Mountain West Sells For $4.3 Million

Apartment Complex On Mountain Creek Road Sells For Over $3 Million


The Spare Time Chattanooga at 5518 Brainerd Road was sold to Realty Income Properties 5 LLC by Corley Family Realty Limited Partnership for $7,135,000. (click for more)

The Days Inn by Wyndham at 3801 Cummings Hwy. in Chattanooga was sold to Laxmiben Champaklal LLC by Lookout Motels Inc. for $4,300,000. (click for more)

Windsor Village Apartments at 4110 Mountain Creek Road in Chattanooga was sold to Sisters Property Management LLC by Windsor Village Apartments LLC for $3,035,000. The apartment complex was ... (click for more)



Real Estate

Spare Time Chattanooga Sells For $7.135 Million

The Spare Time Chattanooga at 5518 Brainerd Road was sold to Realty Income Properties 5 LLC by Corley Family Realty Limited Partnership for $7,135,000. (click for more)

Hotel In Chattanooga Lookout Mountain West Sells For $4.3 Million

The Days Inn by Wyndham at 3801 Cummings Hwy. in Chattanooga was sold to Laxmiben Champaklal LLC by Lookout Motels Inc. for $4,300,000. (click for more)

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