Phase one of Cambridge Square, Ooltewah’s new mixed-use development, is almost complete, and developers have recently gotten letters of intent from new businesses.
And leaders with Barrier Properties, the project’s developer, will host an open house that is free and open to the public on May 17 and 18.
“This has been a long time coming,” Barrier Property principal and Lupton Company CEO David Belitz said in a prepared statement. “We have spent a lot of energy planning Cambridge Square, and to have reached a point where we are announcing tenants and hosting the extended Ooltewah community is very rewarding for our entire development team.”
The new development is located on 130 acres at the corner of Ooltewah/Georgetown Road and Lee Highway.
Developers plan to eventually have numerous retailers, restaurants and office tenants.
Current tenants at Cambridge Square include Independent Healthcare Properties, corporate headquarters, Southern Burger Company, Lupi’s and Tedford Family Dentistry.
The development team also has letters of intent for a 6,000-square-foot locally owned Chattanooga restaurant concept, a 2,500-square-foot locally owned yoga concept and more than 25,000 square feet in medical and professional offices.
Officials with Independent Healthcare Properties opened the headquarter facility earlier this year. Lupi’s and Southern Burger will open doors this spring.
Tedford Family Dentistry is slated to begin construction in late 2013.
Work on the development started in fall 2011.
Phase one also includes the addition of signage, staging for outdoor performances, open space and handcrafted fountains.
“We have reached a visual crossroads, where people no longer have to imagine the concept for the community,” Michael McGowan, a partner with River Street Architecture, said in a prepared statement “As buildings go vertical and landscape architecture takes shape, we think people will really begin to appreciate the level of detail and planning that went into this development. Most of all, we want our tenants to feel at home and be successful.”
If you go
What: Cambridge Square open house event
Where: Ooltewah/Georgetown Road and Lee Highway
When: May 17, 5:30 p.m. for bluegrass music and May 18, all day for kids’ activities and more music
How much: Free
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