Developers have started construction on a combined 420 new residential units in Downtown Knoxville, signaling continued housing demand within the central business district, which is a 0.67-square-mile area in the city’s core. The new rental and purchase options will push the district’s housing units to more than 2,000, in addition to units in surrounding downtown neighborhoods.
“Downtown Knoxville has become a great place to live,” Downtown Knoxville Alliance Executive Director Michele Hummel said. “It is now a complete neighborhood experience with amenities that attract a wide range of people from young professionals to families and empty nesters.”
Seven residential developments in the central business district are in the construction phase, with the largest being 237 rental units at Church & Henley on the former State Supreme Court site. In addition, nine rental units are coming to the Cal Johnson Building on State Street plus 152 units to Stockyard Lofts and five at 112 S. Central St., which are both located in the Old City. Seven units for purchase are underway at City House on Vine Avenue and 10 units at The Overlook on West Hill Avenue.
An additional mix of more than 500 rental and purchase units within the district have been announced or are in the planning stage.
To help prospective residents navigate the housing options and explore downtown amenities and lifestyle, the Downtown Knoxville Alliance has introduced new online content.
The new “Live Downtown” tab at https://www.downtownknoxville.org/living features a video illustrating the benefits of living in the downtown community, along with links to explore housing options and amenities in distinct downtown districts, including Gay Street, Market Square, the Old City, Volunteer Landing and World’s Fair Park.
“Each district has a character all its own,” Hummel said. “Whether the goal is to be steps from drinks and dinner, close to the dog park or waking up to river or mountain views, downtown Knoxville residents have a surprising number of distinctive options, ranging from eclectic to luxurious.”
About the Downtown Knoxville Alliance
Ensuring a vibrant, flourishing downtown is the primary mission of the Downtown Knoxville Alliance. Formed in 1993 as a Central Business Improvement District (CBID), the district encompasses a 0.67-square-mile area and is supported by a special assessment by property owners that is used to make improvements, enhance services and promote downtown. The DKA continually focuses on attracting and retaining a thriving community of residents, businesses and visitors in Downtown Knoxville. For more information, visit https://www.downtownknoxville.org.