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First and Cherry Street

First and Cherry Streets

First and Market, Limited Partnership has the development rights to this highly desirable and key parcel in the Riverfront District of Downtown Chattanooga. The site is currently an unimproved lot, approximately 6,175 square feet in area. Developers are sought to create a sustainable mixed-use (for sale residential and optional quiet retail/commercial) project that will increase the availability of housing in the district and animate the street/public realm. Developer Selection will be made based upon these evaluation criteria:

 

The overall desirability, compatibility and programmatic concept.
Consistency with the expected uses and requirements set forth in this document.
Demonstrated ability of the developer to undertake a project of this magnitude; as well as overall
financial stability and size of the firm(s).
Time frame for the proposed development.
Overall positive impact on downtown.
 
It is anticipated that construction will commence on this project in 2017 with a strict completion deadline in 2019. Firm timelines and performance dates will be negotiated with the selected developer/proposer.

 

Review the entire Request for Qualifications here.