Developer John Wise is currently juggling several projects, two of which will bring new apartments to Chattanooga.
He’s working on an apartment building with a local restaurant concept on Main Street and another one on Cherokee Boulevard, where Mike’s Hole in the Wall is located.
The new Southside development, which should be complete in about 10 months, will have 33 one- and two-bedroom apartments that Wise is aiming to make affordable, with rents starting at about $850 a month.
“We are doing everything we can to build some affordable housing,” Wise said.
There’s on-site parking and washers/dryers for the apartments, he said.
It’s possible that the apartments will cater toward senior citizens, but Wise is not locked into that idea yet.
He declined to say what the new eatery concept would be, but it’ll be created by a local restaurateur.
In addition to the restaurant, another 2,500 square feet are still available to be leased.
The 203 E. Main St. project is located where Conga Latin Restaurant was. That restaurant moved into another Wise building down the road. Peak Physical Therapy was also on that property, but it moved to a Broad Street location.
The North Chattanooga project is a building that will have 71 apartments.
Mike’s Hole in the Wall is located there now, but it is slated to move across Cherokee Boulevard to make way for those apartments, which should be finished in about a year.
“People want to move downtown,” he said. “They want to move down and be in the middle of the action, as long as we can deliver [apartments] where they are affordable.”