Urban Story Ventures is announcing the second phase of King Street Station, a $35 million investment in Southside Chattanooga.
In two years, the multistory redevelopment turned an abandoned cold storage facility and dilapidated surface lot into an adaptive reuse office building and boutique hotel, adding about 470 new jobs to the area.
The formerly vacant unit is now 100% leased and 50% occupied by local and national businesses, and the remaining 50% of business tenants plan to move in soon.
“The variety of King Street Station’s newest tenants will bring hundreds of jobs to Southside and the city of Chattanooga,” says Jimmy White, a partner and owner of Urban Story Ventures.
Goodfellas Pizzeria, a New York-style pizza restaurant with several locations throughout the nation, will occupy the 6,000 square-foot basement of the development. The restaurant and bar will employ 50 people.
WanderLinger Brewing Company opened on the ground floor of King Street Station in November 2018.
In addition, a large tenant bringing more than 200 jobs to the second and third floors of King Street Station will be announced at a later date.
MediTract, a division of TractManager Holdings, already occupies King Street Station’s fourth and fifth floors with more than 120 employees.
New Media/Gatehouse Live, a Las Vegas-based event production company, has claimed the building’s top floor and will bring over 30 jobs.
The development is adjacent to the Moxy Hotel by 3H Group, which opened its doors in November 2018 and has 45 employees.
“Although the site had been blighted and empty for many years, Jimmy and I saw potential and understood that it would be a key component in the revitalization of the Southside area,” says Hiren Desai, chief executive officer of 3H Group and an Urban Story Ventures partner and owner.
More at urbanstoryventures.com and moxy-hotels.marriott.com/en/hotels/chattanooga-downtown.
Source: Urban Story Ventures