Foundries District Construction to Begin in November
A $100 million development project in Chattanooga will feature hundreds of new apartments and parking spaces.
Updated on Oct. 29, 2026 in Construction
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Developers are set to launch a $100 million project at the Foundries District in Chattanooga, beginning construction in November 2026. The initial phase includes a six-story apartment building and a five-story parking structure.
Why it matters
This project represents a significant urban renewal effort at the former U.S. Pipe and Wheland foundries site. The development is designed to integrate directly with the future Chattanooga Lookouts stadium.
The $100 million first phase features a six-story apartment building containing 287 units. A five-story parking garage with 550 spaces will also be constructed on the former U.S. Pipe and Wheland foundries site.
The players
New City Properties
This firm is one of the lead developers tasked with the design and construction management of the Foundries District project.
Perimeter Properties
A partner organization working alongside New City Properties to facilitate the site development and infrastructure build.
The details
The development team, a partnership between New City Properties and Perimeter Properties, designed the apartment complex to feature a cantilevered section hanging over the Chattanooga Lookouts stadium outfield concourse. This construction represents the first major phase of site redevelopment near the stadium infrastructure.
Timeline
November 2026: Construction begins on apartments and the parking garage.
November 13, 2026: A groundbreaking ceremony is scheduled to take place at 10:30 a.m.
Market Landscape
This project follows a pattern set by the Chattanooga Lookouts stadium development where high-density housing and parking are built to support major sports venues. It highlights a growing trend of corporate investment in repurposing industrial sites for mixed-use residential and entertainment hubs.
Local residents can expect upcoming construction activity and potential traffic changes in the Foundries District area starting in November 2026. The project will eventually add 287 housing units to the city's residential inventory once the build is complete.
The takeaway
The transformation of the former U.S. Pipe and Wheland site marks a shift toward dense, stadium-integrated urban living in the city. Investors and locals should monitor the construction timeline for potential impacts on surrounding traffic and local neighborhood access.
What happens next
A formal groundbreaking ceremony for the development is scheduled to occur at 10:30 a.m. on November 13, 2026.
Further reading
For more information on ongoing regional building projects, visit the Chattanooga Construction section.
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