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ATLBrain

Downtown Marina/Condo Project

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ATLBrain    1

Anybody in Chatty have information on the marina/condo project announced this week? This is a completely new (previously unannounced) project that will be on the downtown side of the river, not the northshore.

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flith    1

Anybody in Chatty have information on the marina/condo project announced this week? This is a completely new (previously unannounced) project that will be on the downtown side of the river, not the northshore.

It's not exactly new. It was proposed around a year ago (or more) but the original developer went bankrupt. It is now in local hands. I thought there was a thread on it but I couldn't find it.

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It's not exactly new. It was proposed around a year ago (or more) but the original developer went bankrupt. It is now in local hands. I thought there was a thread on it but I couldn't find it.

Ask and you shall receive. Sorry a little busy today to post all the details, but here's a link from the Times Free Press: http://www.timesfreepress.com/absolutenm/t...&zoneid=185

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flith    1

Chattanooga developer Bud Schimpf will close on the 6 acre site APR 3.

The project will include a hotel, restaurant, a new marina, condominiums and townhomes.

Mr. Schimpf is also paying to have the River Walk extended to the site.

Chattanooga will enter a 40 year lease on 2.5 acres at 201 Riverfront Pkwy, and have Mr. Schimpf build a parking lot.

Further details will be announced after closing.

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Hankster    6

Chattanooga developer Bud Schimpf will close on the 6 acre site APR 3.

The project will include a hotel, restaurant, a new marina, condominiums and townhomes.

Mr. Schimpf is also paying to have the River Walk extended to the site.

Chattanooga will enter a 40 year lease on 2.5 acres at 201 Riverfront Pkwy, and have Mr. Schimpf build a parking lot.

Further details will be announced after closing.

This is good news. Is there any indication this project could go forth sooner than originally anticipated (> 3 yrs)?

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Hankster    6

It was reported in today's Chattanooga paper that this project is moving forward much, much faster than previously anticipated. Plans are to break ground on a 124 unit hotel (brand not announced) in November.

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flith    1

It was reported in today's Chattanooga paper that this project is moving forward much, much faster than previously anticipated. Plans are to break ground on a 124 unit hotel (brand not announced) in November.

This project is back "on" again ground will be broken early 2010.

Development will be called Cameron Harbor (1st Phase)

$16 million, six-story Spring Hill Suites

16 townhouses

restaurant

boat slips

Riverwalk

Second phase (two years later)

25-unit high-rise condominium project, a pool and clubhouse.

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