Cornerstones Inc. recently acquired this historical property. (Photo: Staff)

 

Chattanooga nonprofit historical preservation organization Cornerstones Inc. recently acquired a Southside property and is requesting proposals for its rehabilitation.

“From our standpoint as a preservation organization, we are looking for that to be somewhat of a restoration of the structure that’s there,” Cornerstones Executive Director Ann Gray said. “We just don’t have properties that go back that far.”

The Wasson Car Works/Ross Meehan Building was built in 1875 and is located across the street from Finley Stadium and adjacent to First Tennessee Pavilion, both of which are major regional event venues and owned by the city of Chattanooga/Hamilton County government.

The governments donated the property to Cornerstones Inc. to oversee the purchase and restoration of the building.

Gray also said that officials will be open about what the building could be turned into. It could be a restaurant; it could be something sports-related that complements Finley Stadium, she said.

The red brick, one-story building has characteristics that show its age, such as framework made up of 62 feet of continuous wood.

“The thing we aren’t looking for is private residential,” she said. “The main thing driving us now that it’s in our ownership is how the building is preserved. We’d like the use to have as little impact as possible.”

Requests for proposal will be taken until Aug. 31.

Gray said that’s a relatively short time frame, but she isn’t looking for the buyer to have all the financing lined up by that time.