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ponderjb

Planned Projects

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The most recently announced project in the area is the renovation of the former Welcome Wagon building at 30 North Second Street.

The 31,000-square-foot property will be renovated for mixed commercial uses.

BankTennessee will have a branch on the ground floor of the building, and the upper three floors will be leased as office space targeted for law, accounting, architectural, and other professional firms.

Finard Court Square, LLC is the developer for this $2.6 million project. Work is scheduled to begin in the second quarter of this year and to be completed by early 2009.

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The owners of The Grade Hotel are going through various approval processes and still making decisions along the way about what it needs to become. For example, the original newspaper story reported a coffee shop on the first floor, but because there is a coffee shop already scheduled to open nearby, they are scrapping the coffee shop idea.

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The owners of The Grade Hotel are going through various approval processes and still making decisions along the way about what it needs to become. For example, the original newspaper story reported a coffee shop on the first floor, but because there is a coffee shop already scheduled to open nearby, they are scrapping the coffee shop idea.

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I think the area to the south of the Forum would be a prime area for redevelopment. At the moment I would suspect we might only see a project here and there in this area until the national and local economy rebounds enough for developers to go back into investing in significant redevelopment projects. Folks are pretty risk averse with the construction costs and materials prices on the rise and financing harder to secure, although this might be the time for developers to buy the land for future development if they have the capital on hand to invest.

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