DeVaney Says BlueCross Wanted Right Developer For Huge Riverfront Tract

Friday, January 19, 2018
David DeVaney
David DeVaney

The broker who handled the sale of a huge riverfront tract at Lupton City said seller BlueCross BlueShield had been looking for just the right buyer before agreeing to let go of the site once envisioned as company headquarters.

David DeVaney of NAI Charter said, "I believe we did find the right developer for what is one of the most important tracts for Chattanooga's future development."

The purchaser of 216 acres near Dupont Parkway was listed as Riverton LLC, but no details have been given on their identity or specific plans for the site.

Mr. DeVaney said a mixed-use development is planned at the site, which includes the nine-hole Lupton City Golf Course.

He said BlueCross wanted a buyer who would bring the most positive effect for the community.

Mr. DeVaney said the planned development will be "very progressive. It will be exciting to see." He said it will include "lots of green space and pathways for an active community."

He said there are several exits from the property, and he does not believe the development will add significantly to traffic problems. 

The sale price was $8.1 million for the tract that includes 3,300 feet of contiguous Tennessee River frontage.

Mr. DeVaney said he showed the property about 40 times "and every time I noticed something different about it."

He said the higher portions include spectacular 360-degree views of the river, downtown and the surrounding mountains.

"It's a beautiful tract of land," he said.

Mr. DeVaney noted that his firm handled the sale in 2001 when BlueCross acquired it from Dixie Yarns. The old Dixie Yarns mill is nearby.

BlueCross wound up building a headquarters on Cameron Hill.

Ben Pitts of Walldorf Realty represented the buyer.

 



PHOTOS: Boy Scouts Place American Flags At Veterans' Gravesites

Members of the Cherokee Council of the Boy Scouts of America placed American flags at veterans’ gravesites  Saturday  at the Chattanooga National Cemetery. (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAMS, MARDARREIUS FOOQUON  707 RICHARDSON ST ROSSVILLE, 30741  Age at Arrest: 22 years old Arresting Agency: Chattanooga ALTERATION OF ITEM'S PERMANENT NUMBER POSS.A FIREARM DURING COMMISSIION OR ATTEMPT TO CO POSSESSION OF MARIJUANA FOR RESALE POSSESSION OF CRACK COCAINE FOR RESALE POSSESSION ... (click for more)

Conserving White Flight To Private, Public Secluded Schools Is Shameful

If you really care about the kids of Hamilton County’s most distressed schools, then you’ll take help where you can get it. The question on your mind isn’t which political label someone wears. Anyone who shifts attention away from the critical issues facing public education and toward political labels is not really committed to public education. Their support for equitable, quality ... (click for more)

Roy Exum: The Saturday Funnies

Today’s edition of The  Saturday  Funnies is the most technical savvy, advanced, software-enhanced, and modern-day genius that I have ever delivered. I can sum it up in just one sentence: I am using a new H-P Pavilion that is the newest seventh-generation Intel Core computer and, if you want to see “real funny,” go get a new computer and try switching over your tech ... (click for more)

Summertown Stops Sale Creek's Bid For A State Class 1A State Softball Title, 7-5

MURFREESBORO, Tenn. – Sale Creek had its sight set on making some softball history Friday. The Lady Panthers reached their first TSSAA state softball championship with a 3-1 victory over Cascade, powered by a Trinity Liner three-run homer on her 18 th birthday. A few hours later, they wanted to beat Summertown and set up a second title game for all the marbles. ... (click for more)

Silverdale Wins D-II-A State Softball Title

MURFREESBORO, Tenn. – Kaili Phillips got disqualified in the first inning of Thursday’s game against the Tipton-Rosemark Lady Rebels and nobody gave the Silverdale Lady Seahawks a snowball’s chance of winning that game. But they did. Nobody gave the Lady Seahawks much of a chance of repeating that feat less than 24 hours later in the winner-take-all final game, but once again, ... (click for more)