Chattanooga, TN (2017)

The Tomorrow Building

The Tomorrow Building is a four-story, 40,000 sq. ft. building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888.

Investment

  • NMTC Amount: $6,110,000
  • Total Project Cost: $9,806,250

IMPACT

  • 8 FTE jobs
  • 50 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 40,000 sq. ft. of real estate

Investor

Project Description

The Tomorrow Building is a four-story, 40,000 sq. ft. building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888. After a $9.5 million transformation, it houses 39 furnished micro-unit apartments, shared social and work spaces, and four locally owned retailers. The building’s developer is part of an incubator for early-stage companies, which has found that the co-living concept has helped with retaining employees.

MAP

Address: 818 Georgia Avenue, Chattanooga, TN 37402

Census Tract: 47065003100

Other Tennessee Projects

Memphis, (2013)

Chattanooga, (2006)

Johnson City, (2018)