published Sunday, March 23rd, 2014

Under Construction: Construction on Walnut Hill Townhomes enters phase III

The 2,502-square-foot Walnut Hill Townhomes start at
$610,000. Each unit includes a private garage.
The 2,502-square-foot Walnut Hill Townhomes start at $610,000. Each unit includes a private garage.
Photo by Angela Lewis.

Project: Walnut Hill Townhomes, phase III.

Owner: Area builders Dale Mabee, Don Moon and Mike Moon.

Location: 400 block of Walnut Street.

Architect: Artech Design Group Inc.

Size: The 2,502-square-foot base townhome includes a full bath, closet, kitchenette and private parking garage with flex space above for a recreation room, office or general living.

Contractor: Urban Renaissance Group.

Price/rent per unit: Townhomes start at $610,000. Prices vary as options change.

Scope: The townhomes offer single-family living with personal parking downtown. Buyers can have their townhomes custom-built up to three stories, with living space over each garage.

History: Construction on phases I and II began in 2008 with six townhomes each. Mabee said all phase I and II homes have sold along with two of the 10 townhomes in phase III of the development.

Future: Mabee said since the national economy has bounced back from the housing bust of the mid-2000s, "the market has accelerated" allowing for the current construction.

Timeline: "We're halfway through this phase," said Mabee. Building more townhomes will hinge on demand.

Compiled by staff writer Alex Green, who can be reached at agreen@timesfreepress.com or 423-757-6480.

about Alex Green...

Alex Green joined the Times Free Press staff full-time in January 2014 after completing the paper's six-month, general assignment reporter internship. Alex grew up in Dayton, Tenn., which is also where he studied journalism at Bryan College. He graduated from Rhea County High School in 2008. During college, Alex covered the city of Graysville and the town of Spring City for The Herald-News. As editor-in-chief of Bryan College's student news group, Triangle, Alex reported on ...

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