Chattanooga News, Company News
Spectruss Client Story – East By Main Starts Construction in the Southside!
June 1, 2016
Construction is about to begin next week on a new modern town home development in Chattanooga’s dynamic Southside neighborhood. Local real estate developer Thomas Connolly and Nashville developer Buck Snyder teamed up on the development side. Collier Construction is the builder and the project was designed by Cogent Studio. The website for this project was designed and built on the Spectruss CTR platform.
“The Southside is characterized by its diverse selection of local food joints, entertainment options, creative office space, and art studios. The individuals that work and play on the Southside need unique housing options at a size and price point that makes sense for them.” Thomas Connolly stated. “That is what we hope to provide with East by Main townhomes.” There is opportunity to fill a void as almost all of the new residential construction on the Southside is in the form of 2,000+ square foot single family homes, ranging from $315,000 to $450,000.
East by Main townhomes will be three story homes with one bedroom and one bathroom. They feature a flex space that opens up to an oversized outdoor terrace. Other amenities include stone counter tops, hardwood flooring, built in shelving, efficient building practices, and onsite parking. “We designed East by Main as a collection of homes connected by a series of pedestrian paths, gardens, and parking courts with the intention of creating a unique urban lifestyle. With this level of density, great care was given to provide high quality public and private outdoor spaces.” Added architect Jared Hueter of Cogent Studio. The great Main Street location puts the owners just a few steps from all the restaurants and entertainment located near the Main and Market Street commercial corridor, but also just a five minute walk to Jefferson Heights Park which features a walking path, sand volleyball court, and pavilion.
“Just like I’ve seen in Nashville, I know there are a lot of people out there, ranging from first time home buyers to empty-nesters, who want to live in a low maintenance, simple townhome that is a short walk to everything. Why spend your weekends doing yard work or cleaning an oversized house when you could be sitting on the patio of Flying Squirrel, biking to the Chattanooga Market, or enjoying a cup of coffee at Mean Mug?” said Buck Snyder, “Not to mention, these homes could also make great AirBnB or VBRO rentals for owners to supplement their income.”
When asked about the trend toward apartment development and living, Thomas responded, “We’ve seen a lot of emphasis on apartment development over the last few years, but rents have risen significantly and are often much higher than what a mortgage payment on one of our units would be. While a lot of individuals will continue to rent, we also know that there are plenty of people who are ready to buy. Interest rates are still low and unlike most condominiums, these townhomes will have the option of low down payment FHA financing.”
The townhomes are expected to be finished in early 2017. Price points have not been set at this time, but interested buyers can see more about the project and get presale contact information at www.eastbymain.com.