(Times Free Press) -- The developer of what would be the biggest downtown apartment complex in decades said today the five-story structure is moving nearer to reality.

Work could start in the spring on the 100-unit, $11 million Walnut Commons, said developer John Clark.

He told the Chattanooga Downtown Redevelopment Corp. that the U.S. Department of Housing and Urban Development is near to signing off on a loan package for the project.

The apartments would go up at Walnut and Second streets along with a new child care center.

Read more on the story from our news partners at the Chattanooga Times Free Press.