Blanchard & Calhoun Commercial Corporation announced their plans to develop the exceptional 23-acre waterfront property formerly known as Baptist Hospital into a mixed-use development overlooking Downtown Knoxville. 

Upon completion, the site will transform into 300 luxury Class A apartment units overlooking the Tennessee River, 225 student housing suites, a 150 room waterfront hotel fully equipped with a conference and wellness center, and 40k SF of retail and office space. The site will complement Suttree Landing Park, nestled in the Old Sevier Neighborhood area and currently being developed by the City of Knoxville, which will include a river walk, arboretum, children's play area, boat deck and festival lawn.

The entire campus will go through a demolition phase, removing all buildings with the exception of the two existing office buildings, which will be completely renovated and remodeled.

"It's an honor to be involved in such a remarkable development in my home town. I've spent time on this property since childhood and now to be able to work with the city of Knoxville to redevelop this site into something that will be, once again, a major economic driver to Downtown Knoxville, the University, and East Tennessee," said Vic Mills, CEO of Blanchard & Calhoun Commercial.

Construction is scheduled to begin the fourth quarter of 2013. The Class A apartments have an expected completion for late next year. The total project completion date is anticipated for mid-2015.

Knoxville Mayor Madeline Rogero said, "This as an exciting concept for the revitalization of our South Waterfront. We look forward to working with Blanchard & Calhoun Commercial on this bold proposal that will transform the area and encourage additional private investment. "