October 30, 2019: The Beach Company, headquartered in Charleston, S.C., has acquired 2.79 acres of land in downtown Chattanooga’s popular Riverfront district. The site, which is located two blocks from the Tennessee River and the Walnut Street Pedestrian Bridge, will be developed as a mixed-use community called River Rock.
The community will offer 16,000 sf of commercial space in addition to 163 multifamily units consisting of studio, one-, two-, and three-bedroom floor plans as well as townhomes with attached garages.
“River Rock will deliver high-quality live-work-play options for Chattanooga’s growing population of residents looking to live in this dynamic and energetic part of the city,” said Alan McMahon, Development Manager at The Beach Company.
NONPROFIT COMMUNITY ORGANIZATION SUPPORTS THE PROJECT
“River Rock will help transform the 4th Street corridor into a walkable and vibrant gateway into the city,” said Kim White, President and CEO of River City Company, a nonprofit organization focused on downtown Chattanooga’s economic, social, and cultural growth. “We are confident in The Beach Company’s ability to deliver a high-quality project that further enhances one of the area’s most beautiful neighborhoods.”
Located in the epicenter of Tennessee’s second-fastest-growing city, the community’s proximity to the waterfront will allow residents and visitors to explore the downtown area’s shopping and dining destinations and walk to nearby cultural attractions, such as the Bluff View Art District, Chattanooga Lookouts’ AT&T Field, and Ross’s Landing.
The development is also located near the Chattanooga Riverwalk, a 13-mile scenic path along the river’s south bank that winds through several parks.
The Beach Company was represented in the transaction by JC Darby, Southeast Venture.