Market News

A collection of 125 posts

Chattanooga

Rock City Hires Terracon to Start Waterway and Wildlife Review of the Lookout Mountain Gondola

Rock City has directed Terracon to begin a preliminary waterway, wildlife, and cultural-resources assessment of the proposed Lookout Mountain gondola. Walker County already rezoned the Flintstone base; the Town of Lookout Mountain still has to vote.

Carter County

Carter County Commission Votes 20–1 for a One-Year AI Data-Center Moratorium

Carter County Commission passed a one-year moratorium on AI data centers and cryptocurrency mining Monday night, Aug. 17, on a 20–1 vote. What the new county pause means for Elizabethton, Roan Mountain, and unincorporated Carter homes.

Dollywood

Dollywood’s $60 Million NightFlight Expedition Opens Today in Pigeon Forge

Dollywood opens NightFlight Expedition to the public today after a more-than-$60 million build — the park's largest single attraction. Here is the employer-and-traffic story for Sevier County owners, plus live Great Smoky Mountains MLS cabin and condo numbers.

Knoxville

Knoxville City Council Clears First Vote to Split Schaad Road Golf Course for a Multisport Complex

Knoxville City Council approved the initial plan Tuesday, Aug. 18, to shrink Knoxville Municipal Golf Course at 3925 Schaad Road from 18 holes to nine and lease roughly half the land for a public-private multisport complex. The Sports Authority and County Commission still have to vote.

Nashville

Metro Lands $4 Million to Rebuild The Farm at Mill Ridge Park in Southeast Nashville

Metro Parks announced Thursday, Aug. 13, that The Farm at Mill Ridge Park gets $4 million — a $2 million National Park Service grant matched by the Joe C. Davis Foundation. The Barn becomes an indoor nature center on the 622-acre park in Antioch. No construction calendar yet.

Market News

Hamilton County OKs Step Toward 76 Staff Homes in St. Elmo

Hamilton County school board members voted 6-4 to approve an option-to-lease agreement that could bring about 76 housing units for district employees to St. Elmo.

Market News

Brentwood Sets Annexation Hearing; Williamson Home Prices

Brentwood's City Commission agreed to hold a public hearing on annexing the 18-acre city sewer pump station site next to the proposed Crews subdivision.

Market News

Sullivan County OKs 3 Rezonings; Tri-Cities Home Prices

The Sullivan County Commission approved three rezoning requests and rejected a fourth at its August rezoning hearing, months after creating a new district for data centers.

Market News

Farragut OKs Kingston Pike Village; Knoxville Home Prices

Farragut's planning commission approved the site plan for Kingston Pike Village, a four-building development at South Watt Road with medical offices, a bank branch and a coffee shop.

Market News

Pigeon Forge OKs 53,713 SF City Hall; Home Prices Hold

The Pigeon Forge Planning Commission approved the final site plan for a three-story, 53,713-square-foot city hall as the sign tower came down on the municipal campus.

Kingsport

Kingsport Approves Quarry Expansion 6-1 — What’s Next for Homes Near Holston Elementary

The Kingsport Board of Mayor and Aldermen approved Martin Marietta’s quarry rezoning on second reading Tuesday night, Aug. 4, in a 6–1 vote. Mayor Paul Montgomery cast the lone no. What’s next for homes near Holston Elementary.

Chattanooga

Chattanooga Planners Keep South Broad Drive-Through Ban — For Now

On Monday, Aug. 10, the Chattanooga-Hamilton County Regional Planning Commission kept the ban on new drive-throughs in South Broad's commercial mixed-use zone. Staff will return next month with a path for former drive-through sites — and City Council takes up Plan Chattanooga on Aug. 25.

Knox County

Knox Planning Commission Recommends a Data Center Freeze Through June 2027

On Aug. 13 the Knoxville-Knox County Planning Commission recommended a data center moratorium through June 30, 2027. Case 8-B-26-OB is a recommendation — Knox County Commission still has the final vote. The City of Knoxville freeze is already live.

Nashville

Metro Council Authorizes Eminent Domain on Zoo Data Center Land — What South Nashville Owners Should Watch

Metro Council voted 27-5 Tuesday night, Aug. 4, to authorize eminent domain on DC Blox land next to the Nashville Zoo. The vote is an option, not a purchase — appraisal first, then a 12-to-18-month clock, with a $37 million figure already on the table.

Sevierville

Sevierville Approves 407 Indoor Water Park Site Plan — What It Means for Traffic, Cabins, and Home Prices

The Sevierville Planning Commission approved a Gateway Boulevard site plan on Aug. 6 for a 175-unit hotel, about 150 timeshare units, and a 74,000-square-foot indoor water park at The 407: Gateway to Adventure. Construction is expected next year; traffic stays a problem until Exit 408.

Market News

22 Chattanooga Townhomes Break Ground as Inventory Jumps 21%

A 22-townhome affordable community broke ground on Shallowford Road on Aug. 13, landing in a Chattanooga market where inventory is up 21.3% year over year.

Market News

Spring Hill Clears Southern Springs Bond; Williamson Prices Hold

Spring Hill's planning commission released a $1.98 million performance bond for Southern Springs Phase 6 and advanced new plats, as Greater Nashville's July data showed a market splitting in two.

Market News

Gray TN Subdivisions Approved as New-Home Prices Rise 3.8%

Washington County's regional planning commission approved two new subdivisions in Gray plus a set of rezonings, as Tri-Cities new-home prices rose and new-home sales fell 17.6%.

Market News

Knox County Home Prices: 4 New Subdivisions Cleared Aug. 13

Four subdivision final plats and a set of North Knox rezonings cleared the Knoxville-Knox County Planning Commission on Aug. 13, adding recorded lots to a market with the most July inventory since 2016.

Market News

Sevierville Data Center Moratorium Advances as Home Prices Hold

Sevierville's Board of Mayor and Aldermen advanced a moratorium on data centers and high-density computing facilities on second reading, alongside sewer and annexation votes.

Market News

Chattanooga Home Prices After Mountain Creek Rezoning Denial

The Chattanooga-Hamilton County Regional Planning Commission denied a rezoning Aug. 10 for a four-story, 56-unit complex for adults 62 and older on Mountain Creek Road.

Market News

Franklin Home Prices as BOMA Advances 4 New Neighborhoods

Franklin's Board of Mayor and Aldermen held public hearings and voted on four proposed developments on second reading Aug. 11, including a 230-unit rezoning and a 41-lot annexation.

Market News

Tri-Cities Home Prices and a 30-Cabin Greene County Resort

The Greene County Regional Planning Commission unanimously approved the concept for Stillhouse Ridge, a 480-acre resort with up to 30 A-frame cabins, on Aug. 11.

Market News

Knoxville Home Prices and the Approved South Waterfront Project

On its fourth attempt, a six-story, age-restricted apartment complex on the former Kerbela Shriners site just south of the Gay Street Bridge won planning approval Aug. 13 by a 7-6 vote.

Market News

Sevierville Home Prices and the 1,200-Unit Red Bank Road Plan

Sevier County has no legal avenue to block the proposed 1,200-unit development on Red Bank Road, the attorney it hired told an emergency services committee Monday.