Commercial Real Estate

Several large-scale, multi-year projects are progressing in Chattanooga. Along the riverfront, The Bend is laying the groundwork for its 120-acre, mixed-use development, planned to comprise more than 1 million square feet of commercial space; 450 residential units; and more than 250 hotel rooms.

Nearby, the Westside Evolves project is also underway. In 2025, it broke ground on a 230-unit apartment complex, scheduled for completion in late 2026. This $89 million development is the first of seven phases that are planned to result in 1,126 new housing units in the Westside neighborhood by 2032. Together, The Bend and Westside Evolves are projected to attract more than $2.3 billion of development to the area as part of the joint One Westside plan.

The new Lookouts stadium, Erlanger Park, continues to drive growth in the South Broad district and is expected to bring $1 billion of investment to the area.

The first phase of development includes Broadview, a $22 million luxury condo building located across from the stadium. Expected to be complete in summer 2026, Broadview will feature 43 units and commercial space on its ground floor. A major mixed-use development called “Station 33” has been proposed and would bring residential, retail, and office space as well as a food hall, 100-room boutique hotel, and a parking garage to Broad Street. Also planned for the area is a $100 million residential and office complex with 300 apartment units.

The stadium is also spurring development at its former downtown site on Hawk Hill. The old AT&T Field is planned to be demolished in 2026 to make room for development efforts spearheaded by River City Company. The “A Vision for Hawk Hill” plan envisions a mixed-use neighborhood with housing, retail, hospitality, green space, and parking.

Many smaller-scale projects are also in the works. In Southside, new development Central Crossing is adding 32 condos, with room for a restaurant, while Mapleleaf Realco plans to construct 100 condos and townhomes as well as 15,000 square feet of commercial space.

Over in East Ridge, Urban Story Ventures is redeveloping a 13-acre shopping center into a mixed-use site with retail and office spaces, and a $2.4 million commercial shopping center was recently approved for development. Also coming to the area is Venue 1921, a new event venue that the City of East Ridge says will be a “premier event destination,” with a grand opening planned to take place early this year.

Additional projects include a lifestyle center in East Brainerd, planned to house retail, office, restaurant, and event space, and a $15 million proposal to redevelop Hixson’s Northgate Mall into a mixed-use town center. 

Accommodating Chattanooga’s thriving tourism industry is an increase in hospitality offerings. Last year, a 184-room Embassy Suites opened downtown – one of the largest new investments in downtown in over a decade. Also new to downtown is The Waymark Hotel – a 148-room Tapestry Collection by Hilton Hotel.

Even more hotels are being built this year. Drury Hotels has begun construction on an eight-story hotel on Market Street, which will house approximately 200 rooms. In Lookout Valley, Vision Hospitality Group, Inc. is constructing a 150-room, dual-brand Home2 Suites and Tru by Hilton, expected to open in the fall of this year. A 123-room Caption by Hyatt Chattanooga, developed by 3H Group, Inc., is nearing an early 2026 completion date, soon to be welcoming visitors to Southside.

This growth also extends to the Chattanooga’s industrial sector, supported by industrial parks throughout the region. Hixson’s North River Commerce Center – one of the largest new industrial parks in Chattanooga  – recently constructed a second building and has room to grow to up to 1 million square feet of industrial space.

Joining the lineup are multi-family housing projects across the metro area. The $220 million Mill Town development, located at the old Standard-Coosa-Thatcher textile mill site, continues to progress and will add more than 1,000 housing units. Nearby, a proposed structure would bring both apartments and ground-floor restaurant space to East Main Street. Additional plans would add 80 units in East Ridge; 200 units in North Chattanooga; and 278 units in Northshore on Manufacturers Road. 

Together, these developments support the region’s growth and aim to enrich the lives of residents and visitors alike.