Under Construction: North Shore apartments to open early next year

photo Claude Adkins works on North Shore apartments on Tremont Street off Frazier Avenue.

• Project: North Shore apartments.

• Location: 110 Tremont St.

• Developer: John Wise.

• Contractor: Wise Construction Co.

• Investment: $4.5 million, financed by CapitalMark Bank.

• Size: 53 apartments, ranging from 500-square-foot studio units up to 1,200-square-foot two-bedroom units.

• Rents: Wise said rents will range from $775 a month for studio units to $1,200 a month for two-bedroom units.

• Parking: One spot provided for each apartment unit in the CARTA parking garage across Tremont Street from the apartment complex.

• Common amenities: Community clubhouse on the fourth floor.

• History: Wise acquired the site of the former River City Bikes on Tremont Street earlier this year after the bike shop relocated to Brainerd. Wise, who has or is building a half dozen other apartment complexes around Chattanooga, spent several months working with the North Shore Design Review Committee before winning the panel's support for his project in May. "People like living on the North Shore where they can walk and bike to local shops or to work downtown just across the river," Wise said.

• Schedule: Construction began this spring and should be completed by February, Wise said.

• Contact: Wise Properties at 634-1900.

Compiled by Business Editor Dave Flessner, who can be reached at dflessner @timesfreepress.com or 423-757-6340.

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