A Charleston, S.C. developer planning a large mixed-use project at Fourth and Cherry has paid Unum $3,885,000 for the site where it will be built.
The property that runs to Walnut and Third streets has long been in use as a Unum (and public) parking lot.
Work is set to begin in September on River Rock.
The community will offer 16,000 square feet of commercial space in addition to 163 multi-family units consisting of studio, one-, two- and three-bedroom floor plans as well as townhomes with attached garages.
“River Rock will deliver high-quality live-work-play options for Chattanooga’s growing population of residents looking to live in this dynamic and energetic part of the city,” said Alan McMahon, development manager at the Beach Company.
“River Rock will help transform the 4th Street corridor into a walkable and vibrant gateway into the city,” said Kim White, president and CEO of River City Company, the nonprofit organization focused on downtown Chattanooga’s economic, social and cultural growth.