Search

Rise Partners Makes $2.18M Land Investment in Downtown Chattanooga

Local real-estate development firm Rise Partners recently purchased one of downtown Chattanooga’s last undeveloped blocks for $2.18 million, a surface parking lot formerly operated by Republic Systems.

Over the last two decades, multiple discussions have been held about the development possibilities for the former site of the Civic Forum building, located directly across from the downtown public library and situated in between EPB and TVA offices. Previous ideas included construction of a new federal courthouse, as well as plans submitted as part of a design challenge initiated by River City Co.

The location was known as a 19th Century railroad hub, while in the early 20th century it was home to well-loved local restaurant, Harry’s Place. After the restaurant shuddered its doors and was demolished, the Civic Forum building was constructed there. The Chattanooga Chamber of Commerce was located inside the Civic Forum Building for 25 years, prior to moving to its current location on Broad Street. Other tenants included the Chattanooga Manufacturers Association, the Industrial Committee of 100, the Chattanooga Safety Council, and the Chattanooga Area Convention and Visitors Bureau. After the Civic Forum building was razed in 2003, the site has since been used for surface parking.

Last year, Rise Partners announced plans to revitalize the old DuPont plant. On this more recent purchase, Matt Phillips, President of Rise Partners, said, “We’re working closely with our Chairman, former U. S. Senator Bob Corker, on this site. Conceptual studies are underway, and we want to ensure anything we might do would fundamentally enhance the central business district of our downtown.”

Check out TREND‘s 2022 coverage of Rise Partners’ significant investment in the former DuPont site, envisioned as North River Commerce Park, here.

Other Topics

As part of our commitment to fostering diversity and inclusivity within Chattanooga’s business community, the Chattanooga Chamber's Department of Diversity & Inclusive Growth proudly presents the Business Literacy Series. This comprehensive eight-month program serves as a cornerstone for empowering minority…

In 2023, The Co.Lab, our city's startup accelerator, and TennSmart, a statewide collaboration of public-private mobility industry leaders, issued a challenge to entrepreneurs near and far: help us address four of the logistics industry's most pressing issues:  Workforce optimization.   Smart…

Nominations for Protégé Chattanooga 2024-25 are officially open, announced Toya Moore, Leadership Development Director at the Chattanooga Chamber.   “Protégé Chattanooga is designed to support the development of young professionals to help them become our city’s future leaders,” Moore said.   “The…

Nominations are now open for Leadership Chattanooga’s Class of 2025.   During the program, participants will receive leadership development through immersive experiences marked by meaningful self-reflection, community service initiatives and networking opportunities, including meeting with local and state leaders.   The goal…

When Brandon Parrott texted a photo of his tomato basil soup to his mother, he had no idea it would lead to a business venture. Now, as a part of the LAUNCH Chattanooga Kitchen Incubator Startup Matrix program, his food…

All individuals deserve the opportunity to receive an education, engage in recreational activities and pursue a fulfilling career. Chattanooga is actively breaking down barriers to ensure equal opportunities for individuals of all abilities, spanning from childhood through adulthood.   Discover how…

Sign up for weekly updates.