Southeast real estate development group Urban Story Ventures is planning a redevelopment in East Ridge following its recent acquisition of a 13-acre shopping center at 3715 Ringgold Road.
The developer purchased the 160,000-square-foot property, which includes a former Food City, five retail outlet buildings and parking in 2023. Space ranges from the vacant big box at 38,000 square feet down to suites as small as 2,500 square feet.
A variety of tenants, including food and beverage, professional services and boutique apparel businesses occupy a portion of the units. Throughout development and construction, Urban Story Ventures’ leasing team will look to fill available space with a mix of retail, medical office and office tenants.
Urban Story Ventures is working with construction partners on identifying infrastructure needs for the mixed-use hub. President and managing partner Jimmy White says there will be a combination of renovated suites and new construction.
“Our goal is to meet the current and future needs of East Ridge and the surrounding community through thoughtful redevelopment in phases,” White added. “This will be a significant project for us and will be a larger scale version of our most recent retail redevelopment on Hixson Pike, where we turned a mostly vacant and tired, old grocery store complex into a revived retail hub with a mix of local and national tenants.”
Urban Story Ventures is a Southeast commercial real estate development group based in Chattanooga. The company’s portfolio focuses on mixed-use, office, industrial and retail sites. Projects include iconic and historical landmark buildings as well as 100–acre redevelopments like the Bend.