Foundries District Project to Add 287 Units in November
Operators should prepare for site traffic changes as this $100 million mixed-use project begins in November 2026.
Updated on Oct. 29, 2026 in Construction
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Developers are scheduled to break ground on a $100 million apartment and parking project at Chattanooga's Foundries District on November 13, 2026. This initial phase includes a six-story residential building with 287 units and a five-story parking garage.
Why it matters
The project represents a significant capital investment at the former U.S. Pipe and Wheland foundries site, altering the local density and infrastructure capacity near the new stadium. For local operators, the development signals a major shift in commercial and residential foot traffic in the Foundries District.
The development represents a $100 million initial investment, comprising a six-story residential building with 287 units and a five-story garage containing 550 parking spaces. The specific completion timeline for the phase remains unstated.
The players
New City Properties
A real estate development firm focused on large-scale urban mixed-use and infill projects.
Perimeter Properties
A regional development company specializing in multi-family and commercial real estate.
The details
New City Properties and Perimeter Properties are leading the project, which utilizes a unique cantilevered design to hang the apartment structure over the Chattanooga Lookouts stadium concourse. The construction plan transforms the former industrial brownfield site into a mixed-use hub, integrating residential density directly with the regional stadium infrastructure.
Timeline
November 13, 2026, at 10:30 a.m.: Groundbreaking ceremony.
November 2026: Construction begins on the apartment building and parking garage.
Market Landscape
This project follows the pattern of the broader U.S. Pipe and Wheland foundries redevelopment, extending the site's transition from industrial use to high-density mixed-use space. The development continues the city's focus on integrating residential inventory with regional entertainment venues.
Operators in the Foundries District should anticipate significant changes to traffic patterns and parking availability as the large-scale project nears its November 2026 groundbreaking. Business owners in the immediate vicinity of the stadium concourse should track construction timelines to manage potential service disruptions.
The takeaway
The project serves as a key indicator of commercial growth in the Foundries District and highlights the trend of high-density housing integrated with local entertainment hubs. Operators should monitor the November 2026 groundbreaking for updated project schedules and site access notices.
Further reading
For updates on local infrastructure projects, visit the Chattanooga Construction section.
Source note: This article includes information reported by Timesfreepress.
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