Apartment complex proposed for Highway 58 in Chattanooga
An Alabama developer hopes to break into the Chattanooga housing market with a nearly 250-unit apartment complex on Highway 58.
Arlington Properties, a development and property management company based in Birmingham, Ala., expects to spend more than $20 million on the proposed complex. The Chattanooga-Hamilton County Regional Planning Agency approved the company's request to rezone the almost 4-acre site at the intersection of Highway 58 and North Hickory Valley Road this week.
The apartment complex will include either 10 or 11 buildings and 242 to 264 units, said Mark Stuermann, a vice president at Arlington Properties. He added that the final count most likely will be closer to 242 and will include one-, two- and three-bedroom apartments.
Chattanooga is the right-sized market for the family owned business to build, he said.
Read more from our news partner the Times Free Press.