RCS Represents Developer in Lenoir City, TN Re-Zoning Meetings
REDBUD Construction Services’ Chief Manager, Shawn Van Dyke, recently represented The Tetra Companies (a Virgina Beach, VA based real-estate development firm) in several Loudon County Planning and Lenoir City Council Meetings for the purposes of re-zoning Tetra’s 267-acre Mixed-Use development, Town Creek Center.
Shawn appeared before the County and City Council and presented an overview of Tetra’s vision for Town Creek Center. An article appeared in The Loudon County News-Herald summarizing the specifics of the re-zoning request:
The first rezoning was of 189.51 acres R-3 and C-1 (high density residential and neighborhood business) to the C-3 highway commercial district. Secondly, 32.78 acres was rezoned from C-1 and O-1 (office professional) to the R-3 district to provide Tetra with an adequate plat to potentially construct medical offices — a complex of sorts — near and around planned apartments, which is the basis of the R-3 zoning request. Another 45.44 acres was rezoned from C-1 to O-1 in order to further plan the aforementioned medical complex.
Below is the Conceptual Site that was presented along with a Conceptual Landscape Buffer for the SW portion of the site.
REDBUD Construction Services is currently managing on-going construction activities at Town Creek Center which include the construction of Town Creek Parkway, the infrastructure and utilities, a $4M bridge over Town Creek, and prepping the site for a national Home Improvement retailer.
Leading Power Center Developer Coming to Town Creek
REDBUD Construction Services provides Project Management services to the Tetra Companies for their Town Creek Center development, and they have issued a new press release today.
Lenoir City, TN Project Accelerated With Addition of Renowned Retail Developer
LENOIR CITY, TN, September 10, 2008: The Tetra Companies-a leading real estate development and management company in the Southeast & Mid-Atlantic-today announced that a nationally recognized big box developer has contracted to develop the 88+ acre Power Center component of its 267 acre Town Creek Center development in Lenoir City, Tennessee. The Power Center Developer will announce its plan for the project upon conclusion of negotiations with key anchor tenants.
The Power Center will complement the other components of Town Creek Center which include a home improvement retail center, medical office park, multifamily community, active senior community and neighborhood commercial. The first phase of Town Creek will be open in 2009 with completion of the entire project anticipated in 2013.
Michael McNally, principal & co-founder for The Tetra Companies, said,
“We looked long and hard at a great many developers to work with on the Power Center component of Town Creek and had identified this specific player for this project. We are very pleased with the development team we have in place.”
Loudon County = Good Business for Retailers
The potential for increased retail business in Loudon County is growing and the Loudon County Economic Development Agency wants to make sure that retailers and developers know about their attractive demographic information. Patrick Phillips, president of the Loudon County Economic Development Agency, said in the Knoxville News Sentinel, on June 18th, that Loudon County presents “a tremendous opportunity for retailers” due to its…
strong population growth, rising personal income and real estate values, and has property available convenient to Interstates 75 and 40 and roads that are easily accessible from Knox, Blount, Roane, Anderson and Monroe counties. “Loudon County has enjoyed outstanding growth in population, jobs and income due to the area’s natural beauty, plus its industrial and education base. With all of this business and residential development, we are encouraged that the retail sector will catch up,” Phillips said.
A more detailed analysis of these postive economic factors are outlined in a press release issued by the Loudon County Economic Development Agency on June 17, 2008.
This is welcomed news for The Tetra Companies and REDBUD Construction Services (providing Project Management Services to the developer) and Tetra’s Town Creek Center. According to The Tetra Companies’ Blog, Town Creek Center is mixed-use development including:
- 77 Acre Open Air Mall
- 240 Market Rate Apartments
- 126 Active Senior Apartments
- 53 Acres Office/Medical Center
- 15 Specialty/Restaurant Sites
- 17.5 Acre Neighborhood Center
- 6 Neighborhood Pad Sites The site has premier visibility to I-75 and Highway 321:”The Gateway to the Smokies. Both roadways have high traffic counts: I-75 averages 53,166 per day and Highway 321 averages 27,488.
CM Contract for RCS in Lenoir City
Town Creek Center is located between Interstate 75 and Highway 321, just west of Town Creek Road in Lenoir City, TN. This proposed mixed-use developed is owned and managed by The Tetra Companies of Virginia Beach, Virginia.
Shawn Van Dyke, Chief Manager of RCS, LLC, has been brought on board to manage this project for The Tetra Companies.
Construction has started on the Infrastructure Phase of the project, with the site prep and vertical construction phases to follow.
Town Creek Center will feature Big Box and Life Style retail areas, Medical Offices, Senior Living communities, Neighborhood Commercial, General Commercial, and Multi-Family components.
REDBUD Construction Services is honored to have been chosen to manage this project for such an outstanding development firm as The Tetra Companies. To find out about The Tetra Companies Philosophy of Development and other real estate investment opportunities, visit their blog.
REDBUD Construction Services featured in Industry-Leading Blog
REDBUD Construction Services’ advice has been featured in a post this week on the Mark Up and Profit blog. Thanks to Michael Stone and his staff for teaching RCS how to serve their clients and we hope that our example can help others in the industry.
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