New Chattanooga auto suppliers mean 500 more jobs

{ full article here } A French company on Thursday became the second automotive supplier in two days to unveil plans for a new factory in the area as Chattanooga officials await word on a Volkswagen plant expansion. Plastic Omnium Auto Exteriors LLC said it will invest $65 million to build a plant at Chattanooga’s Enterprise South industrial park and …

Historic Birmingham Powell School poised for multimillion-dollar renovation into apartments

{ full article here } BIRMINGHAM, Alabama – The historic, fire-surviving Powell School property is very close to getting new life as a multimillion-dollar apartment project. Atlanta’s Integral Group is in final negotiations to purchase the property and invest $3.5-$4.5 million converting the old school into 22-26 apartments. Powell School, at 2329 Sixth Ave. North, was built in 1888 and …

Chattanooga Volkswagen plant expansion- Would be on of the largest auto plant projects in the US in the last two or three years

{ full article here } If Volkswagen green-lights production of a new sport utility vehicle in Chattanooga, it will be viewed as one of Tennessee’s biggest economic development wins of the year. “It certainly would be really large,” said Dr. Bill Fox, who heads the University of Tennessee’s Center for Business and Economic Research. If the estimates are right, the …

Chattanooga ranks seventh in nation for fastest-growing rents, ahead of even NYC

{ Rock’s own Justin Uffinger discusses the Chattanooga Market } At least once a month during the three years James Davis lived in his East Brainerd apartment complex, a moving truck would roll in in the middle of the night and a family would quietly pack up and head out under cover of darkness. “They realized they couldn’t afford things …

Gov. Robert Bentley announces expansion of Verizon operations in Alabama; 400 new jobs

{ full article here } MONTGOMERY, Alabama — Gov. Robert Bentley today announced plans by Verizon Wireless to expand operations at its call center in Huntsville. The company plans to add more than 300 full-time customer service positions at the call center, said Michelle Robinson, vice president of government affairs health insurance that begins on the first day of employment.

New $62 million Coca-Cola distribution center will be in Chattanooga

{ full article here } Coca-Cola Bottling Company United today announced that Chattanooga is getting the $62 million distribution center which will create 43 new jobs and occupy the old Olan Mills site off Shepard Road near Highway 153. The announcement follows months of speculation about whether Coke would choose Chattanooga or go out of state. Until today, Coke officials …

Student Housing’s Lux 10 Percent

{ full article here } Real estate investors are plunging into the high tide of college enrollments, and they build luxury for the top 10 percent. Here’s what’s going up in Tuscaloosa and Auburn for the most affluent — or lavishly indebted — scholars. Marketing phrases like “World Class Luxury” and “Student Living Redefined” are among those used in Tuscaloosa …

Bob Corker says UAW withdrawal opens the way for Chattanooga VW plant expansion

{ full article here } U.S. Sen. Bob Corker said today that the United Auto Workers’ withdrawl of its appeal to February’s union vote at the Chattanooga Volkswagen plant opens the way to re-engage with the company to attract a potential expansion. “It’s a shame the UAW slowed the momentum on our expansion conversations with Volkswagen, but now it’s time …

Planning Commission gives OK to move ahead with $100 million in downtown Chattanooga projects

{ full article here and video } Hamilton County planners today approved going ahead with $100 million in proposed new housing and commercial space on Chattanooga’s waterfront downtown. The initial phase of the Cameron Harbor development is to launch in May with site construction and pre-sales of 20 single family homes and 19 luxury townhomes off Riverfront Parkway between M.L. …