Developer turning old Sup. Court Building site into condos, hotel

Developer turning old Sup. Court Building site into condos, hotel

Posted: Updated:
This artist's rendering shows the Metropolitan Plaza. This artist's rendering shows the Metropolitan Plaza.

By SHELBY BAKER
6 News Reporter

KNOXVILLE (WATE) -- Knoxville officials announced Monday afternoon that a private developer is going to put in a mixed use space on the site of the old State Supreme Court Building.

The development called the Metropolitan Plaza will be two buildings that include condos, office space and a boutique  hotel. It's at the corner of Church and Henley Streets.

"I think this will meet the goals of downtown. It will be a good thing for our citizens and the economy," said Mayor Bill Haslam.

The plan is for 200 hotel rooms, 24-32 luxury condo units and office space.

There will be a retail section of approximately two levels. The office building is planned for around 125,000 square feet.

Area business owners welcome the new development. In Market Square they say its exactly what downtown needs to thrive. 

"We look forward to having some of that foot traffic and hope it will be a huge success, said Bliss owner Scott Schimmel.

The city began accepting proposals for the project several weeks ago.

Developer Nick Cazana's $78 million project is privately funded.

Metropolitan Plaza will be one of the largest developments downtown. It's planned to total 550,000 square feet.

Work on the parking garage, with 450 spaces, will start at the end of the year.

Officials estimate the project will be finished 26 months later.

For years, the city has expressed interest in a project like this, but not at the expense of violating the 2004 hotel referendum.

That referendum prohibits the city from spending tax dollars on a convention center hotel, but the Metropolitan Plaza will be privately funded.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WATE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.