Developers are planning to make a few modifications to the new mixed-use development being planned along Dickerson Pike, which include adding twice as many residential units and adding even more commercial space than originally planned.
According to a new report from the Tennessean, developer Strategic Options International LLC is now hoping to build 95 new condo flats and raise the height of the building from three stories to four stories, which is a pretty big shift from the originally project scope that involved 22 townhouses and just 28 condo flats.
The initial plan also called for just 1,600 square feet of commercial space on the ground level near Cleveland Street and Dickerson Pike, but now the revised plan is calling for 2,500 square feet of commercial space.
Increasing density and moving towards a more affordable price point is the primary motivation behind the changes, which will likely be music to home buyers’ ears should the project move forward with the new plan.
Floor plans include studio, one-bedroom, and two-bedroom units, and it’s reported that prices for the new condos would range anywhere from $165,000 to $320,000, which is down by an average of over $400,000 for the townhouses that were first being discussed.