A new luxury apartment complex behind the Chattanooga Choo Choo has sold for $63,150,000.
The Bluebird Apartments opened in late 2018 with a $45 million listed price tag.
The upscale, four-story development includes 283 units. They were built by Birmingham, Ala.-based Choo Choo Residences LLC, a subsidiary of LIV Development LLC.
The developers paid $5.25 million for the seven acres behind the Choo Choo where a host of passenger trains once entered the 1908 train station. The sale was to a group that includes former Chattanooga mayor Jon Kinsey.
The apartments rent for $1,249 to $2,334 per month.
To make way for the development, the Track 29 venue was knocked down along with the historic Terminal Tower.
The sale was to the San Francisco-based real estate investment firm Hamilton Zanze (HZ)