Projects

Development Soars

Projects

MLK Revitalization

Projects

Future Plans & Studies

Development Soars

Downtown development soared to almost $1 billion in private investment in 2016. With the majority of this development focused on housing, Downtown Chattanooga is poised to see a dramatic uptake in residents. This population increase will assist in supporting existing businesses and drawing new retail, restaurant and service concepts to the urban core while increasing vibrancy and feet on the streets especially in the central part of Downtown – City Center. As the advocate for Downtown Chattanooga, River City’s role has been to spur, facilitate and encourage quality development in our downtown area.

see all developments

DOWNTOWN DEVELOPMENT IN 2016

COMPLETED, UNDER CONSTRUCTION AND PRE-DEVELOPMENT
  • 2,649

    Apartment Units
  • 274

    Townhomes / Condos
  • 1,461

    Student beds
  • 698,035

    sqft of Commercial Space
development in 2016

MLK Revitalization

Over the past two years, River City Company has invested over $800,000 and worked with property and business owners along the MLK Commercial Corridor to jumpstart development. In addition to two major property acquisitions for future mixed use development, a façade, signage and new business grant program has been made available to MLK merchants and property owners.

MLK Grant Program Results

  • 4 façade grants have been awarded totaling $230,000
  • 7 new business grants have been awarded totaling $70,000
  • 23 completed signage grants totaling $120,000
  • 2 parklets installed in the parklet program totaling $30,000

Future Plans and Studies

3rd & 4th Street Corridor

Over the calendar year, River City Company has worked with a variety of community stakeholders and partners on plans to transform the 3rd and 4th Street corridor including the connection to Riverfront Parkway, into an aesthetically pleasing, safe and accessible thoroughfare that reconnects and extends the downtown grid to encourage economic development and provide an enhanced connection among community assets.

District Plans

In addition to 3rd and 4th Street, River City assisted in a planning effort looking at the connection from the Tennessee Riverwalk’s access point in Bluff View through the Hunter Museum of American Art’s plaza, down First Street and through the Tennessee Aquarium’s plaza ending at the Chattanooga Green to plan an arts promenade highlighting some of Downtown’s greatest assets.

Originated from River City’s 2013 City Center Plan, River City has worked diligently with the City of Chattanooga and community partners in finalizing the Miller Park District Plan which will begin construction in 2017.

The Riverfront

With the acquisition of the former site of the Chattanooga History Center, River City is looking at how to best utilize the River Place building and its integral location in Aquarium Plaza. In October and in partnership with the Tennessee Aquarium, a temporary traveling National Geographic exhibit “Monster Fish: In Search of the Last River Giants” opened in this space.

A River City development project that opened in 2013, The Block continues to make headlines and be an economic driver for Downtown Chattanooga. In 2016, The Block’s adaptive reuse story was featured in Fortune Magazine. High Point Climbing and Fitness was also named as one of America’s 10 Best Climbing Gyms by Climbing Magazine in 2016.

Resources

3rd & 4th Street Corridor

Corridor Plan Website

The Riverfront

Website Fortune

Projects