Mapleleaf Realco, a new Chattanooga-based real estate development firm, plans to invest more than $50 million across five new projects on Chattanooga’s Southside.
The slate of developments includes townhomes on Madison Street and two new residential buildings and three projects on East Main Street, including a top-to-bottom renovation of the former Atlas Bolt building into restaurant and retail space.
The group has already launched construction on Madison, a collection of 31 townhomes on Madison Street. The Bolt, the former Atlas Bolt Building at 615 East Main Street, will be completely renovated. Mapleleaf sees potential for a restaurant as well as a retail space inside the building.
“Mapleleaf Realco introduces a unique, cutting-edge design to Chattanooga,” says Cydney Parkes, partner, lead designer and vice president of marketing for Mapleleaf Realco. “Our attention to quality and aesthetics will activate this block of the Southside.”
Mapleleaf also has plans for two residential buildings: Elizabeth, which will be located on the 600 block of Main Street and feature 24 condominiums, and Taylor, which will include 45 condominiums. Elizabeth and Taylor will feature retail space on the ground floor.
“The Southside continues to be the most active, walkable and dense part of Chattanooga, and these four projects will continue the growth of Main Street,” adds Adam Kinsey, vice president of development at Mapleleaf.
“With over 50 restaurants, bars, venues and retail establishments within a mile walk, this area is a key amenity, but we’re going a step further with amenities such as a pool, a fitness center and spa-like offerings for our future residents.”
“The Mapleleaf brand creates boutique communities that feel intimate and timeless,” founder and CEO Tim Parkes says. “We not only develop refined living spaces, but we also curate our communities so they feel connected and inviting. The difference will be in the intricate designs, the beautiful details and the diverse tapestry of people who will call it home.”