The former American Museum of Science and Energy building is being demolished, and apartments are planned on the site.
The apartment project is expected to include seven three-story buildings with 226 apartment units on 10 acres.
Now called Main Street Lofts, the $32 million apartment project has included an agreement to reduce property taxes and the transfer of what had been federal property from the U.S. Department of Energy to the city and then to TN Oak Ridge Illinois, a company affiliated with RealtyLink, the developer of Main Street Oak Ridge.
The apartments are being built as RealtyLink, a South Carolina company, plans to build more new stores across South Tulane Avenue at Main Street Oak Ridge, the redevelopment of the former Oak Ridge Mall.[Read more…]