A major private investment is moving forward near Chattanooga’s new ballpark, adding another piece to the transformation of the former industrial riverfront.

Developers have announced a roughly $100 million residential project immediately north of Erlanger Park in the Foundries District.

A groundbreaking ceremony is scheduled for Friday, November 13.

Plans call for a six-story building with approximately 287 apartments next to the ballpark’s left-field side and the Tennessee Riverwalk.

A separate parking structure would provide about 550 spaces for residents, future businesses, and some game-day needs.

New City Properties is leading the residential development as part of the larger Foundries District redevelopment.

The site has views toward the Tennessee River, Lookout Mountain, and the new ballpark, positioning it as a potential residential neighborhood with entertainment and recreation close by.

Project partners say construction is expected to begin after the groundbreaking, with completion targeted for fall 2028.

The announcement adds momentum to efforts to reconnect former manufacturing property with surrounding neighborhoods and the riverfront.

Supporters envision a district with activity throughout the year, not only when games or concerts are scheduled.

Questions about traffic, parking, affordability, and the pace of nearby development will likely matter as that vision takes shape.

For residents watching downtown Chattanooga expand, the project is a substantial marker of continued private investment.

The neighborhood’s future is shifting from industrial uses toward a mix of housing, public gathering spaces, and entertainment.