Chattanooga, TN (WDEF) – Thunder Enterprises has finalized the purchase of Riverton, a 200-acre property along the Tennessee River in north Chattanooga.
The owners plan to create new home sites with dense lots that will offer residents views of the Tennessee River and Lookout Mountain.
Approximately 400 homes will be built on the property, signaling a $300 million investment in the area. Thunder Enterprises will soon finalize the building plan and engage with residents in the area.
“We are still in the initial planning phases, but we imagine this community will surround a village center and include important assets including a wellness center, living and working spaces, green space and walking trails.” said Dane Bradshaw, president of Thunder Enterprises.
Thunder Enterprises says they plans on sharing with their vision for the Chattanooga community within the coming months.