New Housing Developments Coming to Knoxville

Categories: Business NewsConstructionNewsReal Estate & Properties

Conceptual image of new housing developments in Knoxville

News Summary

Knoxville is set to welcome several new housing developments, including Venture at Laster Farms, which will bring a mix of townhomes and apartments. The proposed project will span 18 acres and include various amenities aimed at enhancing community living. Other developments include new townhomes in Happy Holler and City Summit in downtown, aimed at providing affordable housing options for local residents. As the city grows, it faces important discussions about balancing development with community character.

Exciting New Housing Developments on the Horizon for Knoxville!

Knoxville is buzzing with excitement over a series of fresh housing developments that promise to bring vibrant new living options to the area. The focus is on a proposed project known as Venture at Laster Farms, set to rise gracefully near Turkey Creek. Spanning an impressive 18 acres, this development is slated to include up to 320 residential units, a mix of townhomes and well-appointed apartment buildings.

A Closer Look at Venture at Laster Farms

What’s on the table? The venture will feature five four-story apartment complexes and 17 two-story townhome buildings, each designed with a community in mind. Residents of the townhomes will enjoy the perk of individual entrances and garages, making life just a bit sweeter when it comes to coming and going. But it’s not just about the units; the developers are planning some fantastic amenities to enhance the neighborhood vibe.

A central leasing office, a cozy clubhouse, an outdoor pool for those hot summer days, and a fitness building are all part of the grand plan. This development is also expected to welcome approximately 25 new students into the Farragut and Hardin Valley school districts, further contributing to the community’s growth.

Planning Conditions and Traffic Management

Of course, such a hefty project comes with its own set of rules. The developers will need to adhere to 10 specific conditions set forth by the Planning Commission before they can break ground. Among these conditions are important items like connecting to the sanitary sewer system and meeting utility provider requirements. They must also sign a Memorandum of Understanding with Farragut to address traffic signal modifications and rights-of-way issues.

Speaking of traffic, concerns regarding increased volume led to a traffic impact study, which showed that improvements—including replacing a signal head at a busy intersection—will be needed to handle the expected influx of vehicles. Moreover, the developers are limited to securing just 100 building permits before making these necessary traffic enhancements. If further traffic improvements are flagged during construction, a similar agreement with Knox County will also be required.

Upcoming Developments in Happy Holler

Connolly Development Ventures, is looking to build 17 new townhomes at the corner of N. Central Street and E. Oldham Avenue. These homes are tailored for young professionals, empty nesters, and investors, thanks to their enticing size and prime location.

Happy Holler isn’t just seeing new homes—it’s budding with new businesses and amenities that are revitalizing the area! Construction for this townhome community is projected to wrap up by the summer, injecting fresh energy into this dynamic district.

More Housing News in Downtown Knoxville

Shifting gears to downtown Knoxville, a new five-story apartment building named City Summit is making waves. Planned for 516 W. Vine Ave., City Summit will feature 89 units, alongside nine workforce housing units aimed at providing affordable options for service industry workers looking to live close to where they work.

This exciting $25.4 million project has received the green light for a payment in lieu of taxes, which helps keep finances balanced while breathing new life into the area. The design promises to blend beautifully with the neighborhood vibe, incorporating elements such as brick and large windows that reflect the charm of the surroundings.

Diverse Housing Discussions Continue

As if that wasn’t enough, there are plans for at least 20 new townhomes near West Hills, which has sparked a mix of opinions among city leaders and residents. Advocates are celebrating the increased housing supply and a potential dip in soaring property prices, while others hold concerns about how the new homes align with the neighborhood’s character. The Knoxville City Council approved this development in a close vote, highlighting the ongoing dialogue about balancing growth and community feel in the area.

With all these developments, it’s clear that Knoxville is in for an exciting chapter as it continues to grow. Residents can look forward to more housing options, amenities, and vibrant community spaces that will make living in this city even more enjoyable.