A $60 million housing project, the rebranding of First Volunteer Bank and the permanent closure of the Brewhouse Terminal are just a few of the many business developments and announcements in April.

Here’s a look at recent business trends from the past month in the Chattanooga area:

What closed

The Brewhouse Terminal, near the Chattanooga Choo Choo, closed permanently on April 21. The company cited “irreconcilable lease issues” in a statement posted on its Facebook page. Nashville’s TailGate taproom later announced it would be moving in.

What stretches

Pods, a moving and storage company, will nearly double its footprint in Chattanooga with a relocation to the Enterprise South Industrial Park.

The Tennessee Valley Authority and Ontario Power Generation announced a partnership to continue building smaller nuclear reactors to meet demand for carbon-free electricity.

After acquiring First Bank of Dalton, First Volunteer Bank announced that it would become Builtwell Bank at the end of 2022 and begin rebranding the bank’s branches in Tennessee and Georgia later this year.

Pinnacle Bank has donated $5 million to BrightBridge Capital, a nonprofit small business lending organization, to support more lending to economically underserved neighborhoods in Chattanooga.

In April, a Hamilton County planning committee approved a proposed 55-acre expansion of a construction and debris landfill in Birchwood.

Chattanooga State Community College plans to relocate and double the capacity of its Tennessee College of Applied Technology truck driver training for commercial driver licenses and develop another Future Ready Institute focused on logistics.

Announced developments

A $60 million affordable housing complex is set to be built in South Chattanooga. The 240-unit apartment complex will be the largest in the area for about a decade. Local officials and developers participated in a groundbreaking ceremony for the region on April 12.

An investor has announced that nearly 100 new “starter homes” are planned for Chattanooga near Chickamauga Creek and are aimed at helping first-time buyers or empty nests move into a residence.

Volkswagen plans to build a second plant in the United States, and it could sit next to its existing Chattanooga plant, according to a German report in April.

Rise Partners, a Chattanooga development company, plans to build an industrial park on part of the former DuPont factory in Hixson.

Chattanooga Airport officials announced in April that a June start was planned for construction of the airport’s expanded and redesigned passenger terminal.

More than 150 townhouses are planned in a pair of Chattanooga subdivisions. A 99-unit project is planned for a parcel around 100 Peerless Ave., and the second townhouse development is a 55-unit project by locally-based RP Homes at 1001 McCallie Ave.

A Chattanooga developer plans to build a 25-unit apartment building and 17,000 square foot daycare center off McCallie Avenue.

Governor Bill Lee offered a $725,700 grant in April to help Chattanooga officials promote additional development along the downtown waterfront. The money was redirected by lawmakers to the Tivoli Foundation and a health clinic.

— Compiled by Kiara Green


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