Major Development Project Underway for Farragut Center Featuring Housing, Retail, and Dining

Discover the exciting new $100 million development project underway in Farragut. The plan includes a walkable center with housing, retail, and a public park. Despite budget overruns, the project aims to bring downtown concepts to the suburbs with nearly 300 high-end apartments and townhomes.

Some written reports relevant to this video are accessible now (find them in the References section below). Here are the takeaways from them:

• A $100+ million development in Farragut, Tennessee, including a walkable town center, shops, restaurants, and housing, is expected to be completed by Spring 2024.

• The development is being built on an empty area across from Farragut High School that previously had a Kroger and graffiti on the storefronts.

• The project includes the construction of a main street with shops and restaurants, 286 rental apartment units, and over 40 townhomes for sale, all of which will be higher-end.

• The county has agreed to provide $6 to $7 million in tax increment financing (TIF) to support the redevelopment of the area.

• The town of Farragut will contribute to the development by funding a public park with restrooms and shows. Tupelo Honey, a downtown Knoxville restaurant, has agreed to be part of the development, along with a donut shop and Chase Bank.

References:

[1] Developers targeting Spring 2024 for completion of $100+ million Farragut town center. Link

Artificial Intelligence enhances user experience by providing more comprehensive and detailed content, yet there remains a slight risk of encountering inaccuracies on rare occasions. To access more AI-generated content, click here, or opt for content with less AI influence here.