Knoxville finally finds some waterfront land to develop
And to think it was right under everyone’s noses all along; hiding in plain sight just across the Tennessee River in South Knoxville.
Knoxville skyline from the south bank of the Tennessee River
Dubbed “The South Waterfront” development area, this roughly 3 mile long & 750 acre stretch of land along the south side of the Tennessee River faces downtown Knoxville and the University of Tennessee’s main campus.
At UT home football games the University brings in floating boat docks and it’s not unusual to see 150-200 boats of all sizes tied up as their owners attend the game in our 107,000 seat Neyland Stadium which is literally just across the street from the river.
Downtown Knoxville is a very hot real estate market now with lots of old retail and office buildings being remodeled and converted into lofts, apartments, condos, and upscale retail space.
“Amy Gibson, 40, a senior researcher at the Howard H. Baker Jr. Center for Public Policy at the University of Tennessee, is one of those downtown homeowners. Mrs. Gibson and her husband, John, 39, a software engineer, recently bought a two-bedroom 1,040-square-foot unit in the Holston, a former bank building that is under renovation to become a luxury condominium.
“It’s cool; it’s fun; it’s the place to be,†she said of the downtown area.
Mrs. Gibson said she was surprised, however, at the $259,000 price of her condo, which was close to the same price she would pay for a 2,500- to 3,000-square-foot home in a Knoxville suburb.”
Nearly 2,000 Knoxvillians now call downtown home and lest you think that’s a small number, the downtown population in year 2000 was around 600.
The South Waterfront development is projected to top out with 1,000 residential units, 30,000 square feet of upscale retail space & restaurants, 320,000 square feet of office space, and 100 marina boat slips. Not a bad project for a location that just across the river from downtown and a 5-10 minute commute to the city and UT in most any direction you want to go.
If you’re looking to move to Knoxville and have an interest in homes & condos for sale, you can see all of our listings for sale at www.KnoxvilleMLS.com.
Please call or email me with any Knoxville area real estate questions.