Grimsley
Grimsley, TN · Municipal
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wvlt.tv
The Daily Times
RealtyLink eyes rental model for Alcoa's Mills Street homes
Developer RealtyLink may have just poured cold water on a part of the City of Alcoa’s vision for the northern edge of the Springbrook Farm downtown center. At a planning commission meeting on Oct. 15, RealtyLink Development Senior Development Manager Judd Nash and Director of Multifamily Development Blake Muldrow confirmed that they were planning to rent most, if not all, of the over 100 single-family and multifamily units planned along the Mills Street corridor. “Right now, we’re leaning towards rental with this. We’re dealing with a lot of different things. Site work costs were over $8 million... and we’re in an environment where rental makes sense. You divide ($8 million) by 147 units that’s $55,000 per unit, and if you can’t phase it, you have to do the site work all at once and then phase the homes, we just don’t think that’s viable,” said Muldrow. This news came alongside a revised concept plan that also made changes to the total number and type of units planned for the corridor — going from 94 detached units and 35 attached units approved back in 2023, to 57 attached units and only 90 detached ones, and bringing the grand total to its
The Oak Ridger
WATE
First centrifuge shipment from Centrus in Oak Ridge heads to Ohio