Nashville-based developer Ramston Capital will invest between $70-80 million to construct the first mixed-use residential development project in Pellissippi Place, a research and technology-based park, located off Old Knoxville Highway and Pellissippi Parkway in Alcoa, Tenn., the Industrial Development Board of Blount County and the cities of Alcoa and Maryville (IDB) announced today.
“This is a tremendous step in the development of Pellissippi Place which is a collaborative effort of the cities of Alcoa and Maryville, Blount County, and Knox County,” said IDB chair Matt Murray. “These four entities worked together to achieve this special component and it will certainly lead to further development in the park.”
The four-story urban product is projected to be completed in early 2024. The development includes residential living space, retail shops, and restaurants. The design ties into the overall concept of the park which furnishes a place where professionals can live and work while providing nearby access to the Blount County greenway and the Great Smoky Mountains National Park for leisure activities.
Visit www.PellissippiPlace.com for more information about the park.
