Property Lines - Scott Olson

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Real Estate & Retail

Mixed-use to replace nursing home

April 25, 2008

Chatham CenterLocally based Teagen Development Inc. plans to start next month on a $2.2-million retail and residential project that will replace an old nursing home at the northeast corner of East and Ninth streets downtown. The Chatham Center project calls for 11 apartments renting for between $850 and $1,500 and about 9,000 Chatham Centersquare feet of retail space. Teagen is about two weeks away from closing on its financing and plans to demolish the old nursing home in mid-May, said Larry Jones, the company's president. Plans show apartments above the retail space, along with a couple of townhome-style units along Ninth Street. The project's retail space will face East Street. The project was designed by Perkins VonDeylen Architects. What do you think?
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