A potential plan for the old Alstom property on Riverfront Parkway was revealed on Thursday evening.

The plan was announced during an event called “Envision West End” that was held by the company that owns the property, Urban Story Ventures.

Dover, Kohl and Partners, a town planning firm, presented the initial designs for the 112-acre property.

The plan includes a neighborhood “where people live, work, shop and play in a new district along the Tennessee River,” according to a release from Urban Story Ventures.

"The plan calls for mixed-use redevelopment of the 112 acres with varying house types and workplaces as well as recreation and entertainment. The former Alstom building is central to the economic impact of the new neighborhood with plans to resume manufacturing at the site. There is already early interest from multiple advanced manufacturing prospects. The draft design proposes space for a corporate headquarters for a future company, which could be in conjunction with the manufacturing building or a separate entity," according to Urban Story Ventures. 

The redevelopment plan would happen in two phases, which are listed below.

PHASE 1

In years one to four, the site could attract:

  • 40,000 to 60,000 square feet of existing office space leases
  • 30,000 to 50,000 square feet of new office space
  • 25 to 50 annual townhouse sales to millennials
  • 50 to 75 annual condominium and townhouse sales to retirees
  • a 10,000 square-foot food hall with an associated music venue
  • a canal bringing the river into the land
  • a brewpub
  • artist spaces
  • a childcare center
  • up to 5,000 square feet of food retailing

PHASE 2

As the market absorbs the newest additions to the hotel and apartment inventory in years five to ten, opportunities could expand to include:

  • 30,000 to 50,000 square feet of new office space
  • possibly the first phase of a 150,000 to 300,000 square-foot headquarters office building
  • two hotels, each with 100 to 150 rooms
  • 200 to 400 multi-family apartments in varying development sizes
  • 25 to 50 annual townhouse sales to millennials
  • 75 to 120 annual condominium and townhouse sales to retirees
  • 10,000 to 15,000 square feet of retail, service and restaurant spaces

Click here for more information about Thursday's announcement or to follow the progress of the project.

Channel 3 has a crew at the “Envision West End” event that is working to learn more.

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