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

This project was for a 54,000 sq. ft. grocery store in Winchester, TN. Store includes a bakery/deli, a 500 sq. ft. pharmacy, Starbucks and a Bank. K-VA-T also purchased an

NYX Linden, LLC, an automotive parts and components manufacturer, designs and manufactures vehicle components such as door panels, center consoles, grab handles and more. NYX is looking to construct a

The Appalachian Fund for Growth provided NMTC financing to support All American Enterprises, a millwork manufacturer in Altmont, TN. The company does custom millwork, countertops, and cabinetry.

A $14,000,000 New Markets Tax Credit (“NMTC”) investment supported Memphis Union Mission’s (“MUM”) The Opportunity Center, Phase 2 on March 14, 2022. Located at 383 Poplar Avenue in Memphis, Tennessee,