Opening of luxury midrise slated for 2018 in downtown Knoxville
Elected officials and community leaders gathered today to celebrate the official groundbreaking for Regas Square, a $40 million mixed-use development in Downtown Knoxville.
The development, a six-story midrise offering 101 luxury one-, two- and three-bedroom condominium units and 20,700 square feet of restaurant, retail space and entertainment space, is located at 333 W. Depot Ave. More than one-third of the condominiums have been presold.
“For the many Knoxvillians eager for new opportunities for upscale downtown living and fresh restaurant and retail experiences, the wait will soon be over,” said Joe Petre, president of Conversion Properties, Inc, project manager for the development. “We are delighted to begin construction on Regas Square in anticipation of an August 2018 opening.”
Located in one of the city’s most dynamic areas and encompassing nearly a city block, Regas Square is within walking distance of other downtown restaurants, cafes, shops, salons, entertainment venues and galleries and also the University of Tennessee campus. The development features 101 residences with private garage parking; storage units; a fitness center; clubroom and social areas; and a private exterior courtyard. The ground floor offers retail and restaurant space with outdoor patio seating and a large public courtyard.
“We believe this is the perfect location,” Petre said. “With redevelopment surrounding us, we expect that in five years’ time Regas Square will be in the center – and in walking distance of – everything downtown has to offer. It’s the connector between Downtown and Downtown North with a real neighborhood feel.”
Knoxville Mayor Madeline Rogero and Knox County Mayor Tim Burchett were on hand at the groundbreaking, and praised the project for its economic and aesthetic benefits to a quickly expanding area of Downtown.
“Regas Square is a bold project that adds momentum to the growth of our thriving downtown and promotes a vibrant local economy,” Rogero said. “We applaud Regas Square and what it brings to Downtown and Downtown North.”
The residences offer 19 floor plans featuring generous light-filled living spaces with large terraces, high ceilings, hardwood flooring, ample closet space, open kitchens with quartz countertops, custom cabinetry and stainless appliances. Master bathrooms will be stylishly appointed with sleek tile, double vanities, quartz countertops and modern fixtures. Pre-construction pricing begins in the low $200,000’s.
More information about residential units is available at http://www.RegasSquare.com or by contacting Joe Petre of Conversion Properties, Inc. at 865-246-1331.
The project was designed by Design Innovation Architects and will be built by TDH, Inc. Construction.
Regas Square is a project of Regas Property, LLC., and partners for the project include Doug White, Tom Wolf, Matt Hasbrouck, Stefanie Hess and Joe Petre.
About Regas Square
Located in one of the city’s most dynamic areas and encompassing nearly a city block, Regas Square offers close proximity to restaurants, cafes, shops, entertainment venues and galleries of downtown Knoxville and the University of Tennessee campus. The development features 101 luxury one- two- and three-bedroom residences; private garage parking and storage units; a fitness center, club room and social areas; a private exterior courtyard; and 20,700 square feet of retail and restaurant space. For more information, visit http://www.RegasSquare.com.