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Old 10-24-2017, 09:23 AM
 
Location: Brooklyn, NY
6,706 posts, read 10,135,281 times
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Quote:
Originally Posted by Serious Conversation View Post
Yes, I saw that yesterday. It's positive if for no other reason than to clean up the mess left behind by the fire.

On a related note, the city is looking into purchasing the Regions building downtown. They may consolidate offices into that building. There was also some rumors that this building could be turned into condominiums.
I also read that Regions Bank was looking for new space in downtown Kingsport. Wondering if they will build a new building somewhere?
I would imagine they would not want to move into a space they'd have to rehab....could be a good thing for another 2-5 story building for downtown somewhere....
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Old 10-24-2017, 12:52 PM
 
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Quote:
Originally Posted by jjbradleynyc View Post
I also read that Regions Bank was looking for new space in downtown Kingsport. Wondering if they will build a new building somewhere?
I would imagine they would not want to move into a space they'd have to rehab....could be a good thing for another 2-5 story building for downtown somewhere....
This is interesting. I have not read this. Can you provide a source, so that I can read ?.......Thank you.
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Old 10-24-2017, 01:39 PM
 
Location: Brooklyn, NY
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Originally Posted by Tom Morrison View Post
This is interesting. I have not read this. Can you provide a source, so that I can read ?.......Thank you.
Sure thing, it says in this article below from October 17th, that Regions Bank is looking to build new space in downtown Kingsport--so hopefully it will be a nice new building:

Kingsport Times-News: Kingsport looks to consolidate government offices to Regions Bank building
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Old 11-02-2017, 07:18 PM
 
Location: Tennessee
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Groundbreaking is scheduled for next week. The project is tentatively called Town Park Lofts.

You're Invited to a Groundbreaking for Town Park Lofts!
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Old 11-03-2017, 08:50 AM
 
Location: Gray, TN
2,157 posts, read 3,950,402 times
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Quote:
Originally Posted by jjbradleynyc View Post
I also read that Regions Bank was looking for new space in downtown Kingsport. Wondering if they will build a new building somewhere?
I would imagine they would not want to move into a space they'd have to rehab....could be a good thing for another 2-5 story building for downtown somewhere....
They will probably go for a smaller footprint. With the glut of office space available in Kpt I think they will build something similar to Bank of TN on East Center.
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Old 11-03-2017, 12:44 PM
 
Location: Brooklyn, NY
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Quote:
Originally Posted by Serious Conversation View Post
Groundbreaking is scheduled for next week. The project is tentatively called Town Park Lofts.

You're Invited to a Groundbreaking for Town Park Lofts!
Ah, very exciting! I drove by today and demolition is well underway, a construction trailer has been set up, and lots of activity is starting to happen.

Good things for downtown Kingsport for sure.
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Old 11-03-2017, 12:45 PM
 
Location: Brooklyn, NY
6,706 posts, read 10,135,281 times
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Originally Posted by rccrain View Post
They will probably go for a smaller footprint. With the glut of office space available in Kpt I think they will build something similar to Bank of TN on East Center.
Yeah, probably so. A two-story building is probably the maximum size. The First Baptist Church of Kingsport parking lot could be an ideal location, unless the church refuses to sell, which I could understand as well.
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Old 11-07-2017, 01:43 PM
 
Location: Brooklyn, NY
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The Town Park Lofts officially broke ground earlier today in downtown Kingsport, along the old "supermarket row" along Sullivan street:

Kingsport Times-News: Finally, ground has been broken for Town Park Lofts
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Old 11-07-2017, 04:21 PM
 
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^^ Yes indeed ! Its been a long road to this point, but finally construction will begin. Hopefully this is just the first of more coming projects, and surely some form of domino effect will be created by this project.
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Old 11-07-2017, 05:30 PM
 
Location: Brooklyn, NY
6,706 posts, read 10,135,281 times
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Quote:
Originally Posted by Tom Morrison View Post
^^ Yes indeed ! Its been a long road to this point, but finally construction will begin. Hopefully this is just the first of more coming projects, and surely some form of domino effect will be created by this project.
Yeah, agreed. I truly believe that "if you build it they will come" applies to many redevelopment and new development projects for downtowns in a lot of cities that are lacking foot and overall "people traffic."

The price point for rent in these lofts may seem like sticker shock to a lot of people in this area, but my guess is they will not have any issue in renting them. I think the demand is truly there.

This development will most likely generate more retail, office developments downtown, as well as potential additional apartments/condos. We will see. Eager to see how the project turns out.
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