Downtown Knoxville JC Penney building targeted for redevelopment

Downtown Knoxville JC Penney building targeted for redevelopment

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The building is located on Gay Street near Mast General Store. The building is located on Gay Street near Mast General Store.

KNOXVILLE (WATE) - The old JC Penney building in downtown Knoxville has been sold.

The building is located on Gay Street near Mast General Store.

Hatcher Hill & Associates bought the property for just over $1 million.

Developer Tim Hill says a national retailer may be interested in using the building for retail and office space.

He said there are plans to develop the basement into an urban bowling alley.

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