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Chattanooga New Construction & Proposed Multifamily Projects 4Q19 Lease-Up Under Construction Planned Prospective LEGEND ID PROPERTY UNITS 1 1701 Broad 158 2 One Riverside 387 Total Under Construction 545 3 First Tennessee Bank Building 78 4 River Rock 163 5 McCallie Commons 138 Total Planned 379 14 1200 Cowart Street 140 15 Campus Walk 150 16 Douglas Heights Phase II 250 17 Central & Rossville 161 18 Ridgedale Mill 90 19 South Broad Street & West 33rd Street 122 20 Henry, The 71 Total Prospective 984 Source: Yardi Matrix 2000 ft

Chattanooga New Construction & Proposed Multifamily ... · 22 Chattanooga Red Wolves Camp Jordan Pkwy & Ringgold Road Chattanooga TN 37412 Prospective 400 East Ridge 23 Quarry Residential,

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Page 1: Chattanooga New Construction & Proposed Multifamily ... · 22 Chattanooga Red Wolves Camp Jordan Pkwy & Ringgold Road Chattanooga TN 37412 Prospective 400 East Ridge 23 Quarry Residential,

Chattanooga New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS1 1701 Broad 158

2 One Riverside 387

Total Under Construction 545

3 First Tennessee Bank Building 78

4 River Rock 163

5 McCallie Commons 138

Total Planned 379

14 1200 Cowart Street 140

15 Campus Walk 150

16 Douglas Heights Phase II 250

17 Central & Rossville 161

18 Ridgedale Mill 90

19 South Broad Street & West 33rd Street 122

20 Henry, The 71

Total Prospective 984 Source: Yardi Matrix2000 ft

Page 2: Chattanooga New Construction & Proposed Multifamily ... · 22 Chattanooga Red Wolves Camp Jordan Pkwy & Ringgold Road Chattanooga TN 37412 Prospective 400 East Ridge 23 Quarry Residential,

Chattanooga New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS6 St. Elmo 100

7 Riverton Development 100

8 Hamilton Villas 82

9 Ashford Villas 82

10 Cleveland Court 78

11 Wisteria of Chatsworth 82

12 Alsobrook Creek 64

13 Flats at Sam Lane 72

Total Planned 660

21 Waterside 300

22 Chattanooga Red Wolves 400

23 Quarry Residential, The 144

24 Collegedale Station 180

Total Prospective 1,024 Source: Yardi Matrix2 mi

Page 3: Chattanooga New Construction & Proposed Multifamily ... · 22 Chattanooga Red Wolves Camp Jordan Pkwy & Ringgold Road Chattanooga TN 37412 Prospective 400 East Ridge 23 Quarry Residential,

Chattanooga New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 1701 Broad 1701 Broad Street Chattanooga TN 37408 Under Construction 158 Chattanooga - Southside 03/24/2017 01/31/2020

2 One Riverside 950 Riverside Drive Chattanooga TN 37403 Under Construction 387 Chattanooga - East 09/01/2018 01/31/2020

Total Under Construction 545

3 First Tennessee Bank Building 701 Market Street Chattanooga TN 37402 Planned 78 Chattanooga - Downtown

4 River Rock 315 Walnut Street Chattanooga TN 37403 Planned 163 Chattanooga - Downtown

5 McCallie Commons Central Avenue & McCallie Avenue Chattanooga TN 37403 Planned 138 Highland Park - Oak Grove

6 St. Elmo St. Elmo Avenue & Tennessee Avenue Chattanooga TN 37409 Planned 100 St. Elmo - Alton Park

7 Riverton Development Dixie Drive & Lupton Drive Chattanooga TN 37415 Planned 100 North Shore

8 Hamilton Villas 6421 Shallowford Road Chattanooga TN 37421 Planned 82 Tyner

9 Ashford Villas 7608 Shallowford Road Chattanooga TN 37421 Planned 82 East Brainerd

10 Cleveland Court 1191 Cedar Lane SW Cleveland TN 37311 Planned 78 Cleveland

11 Wisteria of Chatsworth 234 South 2nd Avenue Chatsworth GA 30705 Planned 82 Murray

12 Alsobrook Creek 1565 Dietz Road Fort Oglethorpe GA 30736 Planned 64 Catoosa

13 Flats at Sam Lane 92 Sam Lane Ringgold GA 30736 Planned 72 Catoosa

Total Planned 1,039

14 1200 Cowart Street 1233 Cowart Street Chattanooga TN 37402 Prospective 140 Chattanooga - Downtown

15 Campus Walk East Martin Luther King Blvd & University Street Chattanooga TN 37403 Prospective 150 Chattanooga - Downtown

16 Douglas Heights Phase II 930 Douglas Street Chattanooga TN 37403 Prospective 250 Chattanooga - Downtown

17 Central & Rossville Central Avenue & Rossville Blvd Chattanooga TN 37404 Prospective 161 Highland Park - Oak Grove

18 Ridgedale Mill 1101 South Watkins Street Chattanooga TN 37404 Prospective 90 Highland Park - Oak Grove

19 South Broad Street & West 33rd Street West 33rd Street & Broad Street Chattanooga TN 37408 Prospective 122 St. Elmo - Alton Park

20 Henry, The 341 Stringer Street Chattanooga TN 37405 Prospective 71 Red Bank

21 Waterside NWC Gunbarrel Road & Shallowford Road Chattanooga TN 37421 Prospective 300 East Brainerd

22 Chattanooga Red Wolves Camp Jordan Pkwy & Ringgold Road Chattanooga TN 37412 Prospective 400 East Ridge

23 Quarry Residential, The 1001 Reads Lake Road Chattanooga TN 37415 Prospective 144 Signal Mountain

24 Collegedale Station Apison Pike & Meridian Drive Ooltewah TN 37363 Prospective 180 Ooltewah

Total Prospective 2,008

TOTAL CHATTANOOGA 3,592

© 2019 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: January 2020