Friday, March 8, 2013

Residential development for Alley

Knox County Mayor Tim Burchett this morning announced plans for a multi-million dollar residential development on the Marble Alley property in downtown Knoxville. And once again, I called it. Thank you, thanks, whatever.

Artist rendering of what to expect

The plan calls for developer Buzz Gross, along with TDK Construction, to begin phase one - a 200,000-square foot residential development - within the next eight to 12 months, once the property transfers from the county to the developer. Phase one calls for a 200,000-square foot residential development.

 The three-to-five story facility is a $15 million to $20 million planned investment, according to county communications guru Michael "Big Sexy" Grider. It will include 238 units, a 350-space parking garage, resort-style pool and fitness and lounge facilities.

If there is no security, I will be leaping the fence and hanging at the pool once this sucker is complete.

Other development phases call for some retail

The announcement was made during a rpess conference this morning. Burchett was joined by city Mayor Madeline Rogero, county Commissioner Sam McKenzie and Gross.

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