Oak Ridge Industrial Development Board Archives

Frank Callaghan Towers to be renovated, renamed

Posted at 10:28 am September 5, 2019
By Oak Ridge Today Staff Leave a Comment

LHP Capital Closing Fairbanks Tower Sept 3 2019 — Officials from LHP Capital and the City of Oak Ridge celebrate the closing of a transaction that will enable LHP to acquire and renovate Frank Callaghan Tower, an affordable housing community for seniors on fixed incomes. Pictured above from left to right on Tuesday, Sept. 3, 2019, are Oak Ridge City Manager Mark Watson, Oak Ridge Industrial Development Board Chair David Wilson, LHP Development President Carr Hagan, and LHP Development CEO Alvin Nance. (Submitted photo)

The Frank Callaghan Towers on Fairbanks Road in Oak Ridge will be renovated and renamed, a housing developer and manager said this week.

Officials with LHP Capital LLC announced Tuesday that they have signed the last document necessary to close on the acquisition and renovation of Oak Ridge’s Frank Callaghan Towers. That’s a 110-unit affordable rental housing community for seniors 62 and older and adults with disabilities, and it is located at 115 Fairbanks Road in east Oak Ridge.

LHP will oversee more than $5.8 million in renovations to the property, which was originally constructed in the late 1970s, a press release said. The sale to LHP will assure preservation of the property’s affordability status under federal guidelines, the press release said. LHP will also manage the apartments.

The renovations to the property will begin immediately and will start with a new name, according to Carr Hagan, president, LHP Development, a division of Knoxville-based LHP Capital, a real estate development firm specializing in affordable housing.

[Read more…]

City estimates monthly revenue loss for Main Street delay at about $100,000

Posted at 7:07 pm March 5, 2019
By John Huotari Leave a Comment

Most of Main Street Oak Ridge is pictured above in this proposed plan from Nov. 29, 2018.

The city has estimated about a $100,000 revenue loss per month for each month that the next phase of the Main Street Oak Ridge project is delayed.

Oak Ridge City Manager Mark Watson provided the rough estimate of probable sales tax revenues per month, based on “quick calculations,” to the Oak Ridge Industrial Development Board on Monday and League of Women Voters of Oak Ridge on Tuesday.

The project was delayed in January when the Oak Ridge City Council voted 4-3 in its second and final vote to reject a revised plan that had been drafted as the developer, RealtyLink, prepared to welcome a second wave of tenants to the 58-acre site.

It hasn’t been clear since then what might happen next or whether there will still be a second phase.

But on Monday, Watson said he has talked to RealtyLink, and on Tuesday, he said, “I think we will see a re-submittal.” [Read more…]

City acceptance of Main Street roads triggers $1.5 million in funding for work

Posted at 9:08 pm November 22, 2017
By John Huotari 3 Comments

Main Street West is pictured above at Main Street Oak Ridge on Sunday, Nov. 12, 2017. (Photo by John Huotari/Oak Ridge Today)

The city’s acceptance of three rebuilt roads at Main Street Oak Ridge triggered $1.5 million in funding for the public improvement work.

The Oak Ridge City Council unanimously agreed to accept the roads—Main Street East, Main Street West, and Wilson Street—in a 7-0 vote on Monday, November 13.

The developer, TN Oak Ridge Rutgers LLC, which is affiliated with RealtyLink of Greenville, South Carolina, has certified $1.84 million worth of public improvements to the three roads. Most of that, or $1.28 million of it, was for asphalt, base, earthwork, demolition, storm and “wet utilities,” among other work, according to a letter to Oak Ridge City Manager Mark Watson from Manager Phillip J. Wilson.

The next largest portion of the costs, roughly $320,000, was for electrical work. There were also land costs of $179,000, according to Wilson’s letter to Watson. [Read more…]

IDB approves tax abatement as MCLinc plans to build at Horizon Center

Posted at 7:48 pm October 5, 2017
By John Huotari Leave a Comment

Barry Stephenson, president and chief executive officer of MCLinc, discusses the analytical testing laboratory’s plan to build a 29,000-square-foot building at Horizon Center during an Oak Ridge Industrial Development Board meeting on Monday, Oct. 2, 2017. (Photo by John Huotari/Oak Ridge Today)

A city board on Monday approved a six-year, 50 percent property tax abatement for a company that plans to move from Heritage Center, the former K-25 site, to Horizon Center, a few miles northeast.

MCLinc is now in Building K-1006 at Heritage Center, which is also known as East Tennessee Technology Park. A conference center at ETTP’s main entrance is leased for special events, and MCLinc has the next building on the right. It’s been home to a laboratory since 1965. MCLinc (Materials and Chemistry Laboratory) has been there since 1998, when the company started.

But the building is owned by the U.S. Department of Energy, and it is slated for demolition, said Barry Stephenson, MCLinc president and chief executive officer. Attempts to acquire the building have not panned out, Stephenson told the Oak Ridge Industrial Development Board on Monday.

Three years ago, the company, an analytical testing laboratory, received notice that they have to move, Stephenson said. He told the IDB that MCLinc has to be out of the building by September 2018. [Read more…]

They evaluated Oak Ridge, but Protomet will expand in Loudon County

Posted at 10:22 am June 29, 2017
By John Huotari Leave a Comment

Jeff Bohanan, founder and chief executive officer of Protomet in Oak Ridge, announced a $30 million expansion in Loudon County on Tuesday, June 27, 2017. (Photo by John Huotari/Oak Ridge Today)

Protomet Corporation evaluated a site in south Oak Ridge for a $30 million, 200-job expansion, but the company will expand in Loudon County instead, officials said Tuesday.

The good news for Oak Ridge: The current operations will remain here. And all Protomet operations will still be in East Tennessee, said Jeff Bohanan, the company’s founder and chief executive officer.

Protomet had announced in early 2017 that it needed more manufacturing space to add new production capabilities and increase the company’s output.

The initial plan was to expand with a 100,000-square-foot building on the west side of the existing facility on Larson Drive in Bethel Valley Industrial Park in south Oak Ridge. Protomet acquired a 19.7-acre parcel next to its current facility from the U.S. Department of Energy, with the purchase going through the Oak Ridge Industrial Development Board.

Protomet immediately began testing that site, spending about $60,000 on architectural and engineering fees, Bohanan said Tuesday. The idea was to add the new building at the same location as the current one.

But, “at the end of the evaluation, it was clear we could not do the expansion the way it was designed on that land,” Bohanan said. [Read more…]

General Assembly approves bill that would establish CROET as ETTP manager

Posted at 4:35 pm April 21, 2017
By John Huotari Leave a Comment

The East Tennessee Technology Park, now known as Heritage Center in west Oak Ridge, is pictured above in this aerial photo from 2015. The large building that extends from left to right at left-center is the former K-27 Building, where demolition work was completed in August 2016. (Photo courtesy CROET)

The Tennessee General Assembly has approved legislation that would establish the Community Reuse Organization of East Tennessee, or CROET, as the manager of the 1,300-acre East Tennessee Technology Park in west Oak Ridge, a press release said.

The legislation was sponsored by Tennessee Senator Ken Yager and Representative Kent Calfee, both Kingston Republicans. It has been sent to Tennessee Governor Bill Haslam for his signature.

East Tennessee Technology Park, or ETTP, is also known as Heritage Center and the former K-25 site. It once housed the K-25 Gaseous Diffusion Plant, which was built during World War II as part of the Manhattan Project. That was a top-secret federal program to build the world’s first atomic weapons, before Germany could.

The ETTP site, once used to enrich uranium, is slowly being cleaned up. K-25 operations ended in 1985, and the site was permanently shut down in 1987. Now, it is being slowly converted into a large industrial park. Proponents hope it will become one of East Tennessee’s prime locations for new industry, the press release said.

CROET President Lawrence Young said the state legislation “is the latest step in efforts by the Department of Energy and CROET to reindustrialize the former K-25 site and help diversify the region’s economy.” [Read more…]

Officials celebrate sale of DOE land to IDB, which sold to Protomet, for economic development

Posted at 10:11 am December 6, 2016
By Oak Ridge Today Staff 2 Comments

Protomet Corporation is pictured above in the Bethel Valley Industrial Park in south Oak Ridge on Tuesday, Nov. 22, 2016. (Photo by John Huotari/Oak Ridge Today)

Officials are celebrating the sale of federal land east of Oak Ridge National Laboratory that could be used to help an industrial company expand.

The 20-acre parcel had been owned by the U.S. Department of Energy in Oak Ridge. The property is adjacent to the Bethel Valley Industrial Park in south Oak Ridge and west of Protomet. The company had sought the property for a planned expansion.

The parcel was sold to the Oak Ridge Industrial Development Board, or IDB, on October 20.

The IDB, which served as a conduit, then sold the land to Protomet. The company is evaluating the site as one option as it plans for a $30 million expansion that could add 200 jobs over a five-year period. [Read more…]

After acquiring more land, Protomet evaluating Oak Ridge for $30 million expansion

Posted at 1:49 pm November 23, 2016
By John Huotari Leave a Comment

Protomet Corporation is pictured above in the Bethel Valley Industrial Park in south Oak Ridge on Tuesday, Nov. 22, 2016. (Photo by John Huotari/Oak Ridge Today)

Jeff Bohanan

Protomet Corporation has purchased about 20 acres of former federal land on Bethel Valley Road in south Oak Ridge, and the company is evaluating that property as one option as it plans for a $30 million expansion that could add 200 jobs over a five-year period.

On Tuesday, Protomet founder and Chief Executive Officer Jeff Bohanan said the company prefers to stay in Oak Ridge, but there is no guarantee. The 19.47-acre parcel on Bethel Valley Road will have to be cut and filled, and drainage will have to be redirected, Bohanan said. It’s not clear yet how much that work might cost.

Protomet needs about 100,000 square feet for its expansion, which was announced in February. Protomet now has 70 workers in a 40,000-square-foot building on eight acres, so the company could more than triple in size.

“The new facility will dramatically increase Protomet’s capacity and capabilities for the customers it serves,” Bohanan said. “We have already started purchasing equipment for the new facility, and some of it is already in use at our current facility.”

Protomet bought the Bethel Valley Road land from the Oak Ridge Industrial Development Board for $103,000 on October 20. The property, which was previously owned by the U.S. Department of Energy, is west of Protomet and east of Oak Ridge National Laboratory.

“This is a big step in our ability to evaluate this site as an option,” Bohanan said. [Read more…]

Mall demolition begins with ceremonial groundbreaking, knocking down of wall

Posted at 3:37 pm July 20, 2016
By John Huotari 1 Comment

Main Street Oak Ridge Groundbreaking July 20 2016

Demolition of the former Oak Ridge Mall began Wednesday, July 20, 2016, with a ceremonial groundbreaking and the knocking down of a wall near the former Goody’s store, starting construction on a 58-acre mixed-use retail development known as Main Street Oak Ridge. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 7 p.m.

Demolition of the former Oak Ridge Mall began Wednesday with a ceremonial groundbreaking and the knocking down of a wall near the former Goody’s store, starting construction on a 58-acre mixed-use retail development known as Main Street Oak Ridge.

Demolition could last three months, and the construction of two new stores, T.J. Maxx and Dick’s Sporting Goods, could start where the former Sears building is in October. New stores could open in the spring of 2017.

Officials, business representatives, and the community celebrated with a groundbreaking ceremony on Wednesday. About 300 or more people attended. After the groundbreaking on a hot, sunny summer afternoon, those celebrating, including children and adults, had a chance to spray graffiti on part of the old mall as a fundraiser for the renovation of Blankenship Field.

Main Street Oak Ridge is now the largest multi-tenant commercial retail project in the city, said Parker Hardy, president of the Oak Ridge Chamber of Commerce. [Read more…]

Mall sale has closed, executives say

Posted at 9:19 am July 1, 2016
By John Huotari 5 Comments

The JCPenney store at the former Oak Ridge Mall, which has more recently been known as Oak Ridge City Center, is pictured above. The sale of the roughly 58-acre site has closed, Steve Arnsdorff, chief manager of Oak Ridge City Center LLC, said Friday, July 1, 2016. RealtyLink of Greenville, South Carolina, plans to redevelop the site, which also includes a Belk store, as Main Street Oak Ridge, a mixed-use development that could include retailers, restaurants, residential units, and possibly a hotel. (Photo by John Huotari/Oak Ridge Today)

Note: This story was last updated at 10:30 p.m.

The sale of the former Oak Ridge Mall has closed, executives said Friday morning.

The sale was confirmed by Steve Arnsdorff, chief manager of Oak Ridge City Center LLC, which had owned the property, and Neil Wilson, principal of RealtyLink, the new developer.

The new owner is TN Oak Ridge Rutgers LLC, a company set up by RealtyLink, which is based in Greenville, South Carolina. The purchase price was $6.3 million, and the sale closed late Thursday evening, Wilson said.

RealtyLink plans to redevelop the roughly 58-acre site, which includes a Belk and JCPenney, as a mixed-use development known as Main Street Oak Ridge. It could include retailers, restaurants, residential units, and possibly a hotel.

“We’re excited for what this project will do for Oak Ridge,” Arnsdorff said. “This community deserves this. We’re excited this is happening.”

“I think what I would like to point out is that it’s a great day for Oak Ridge and for the city to sort of embrace this new mall,” Wilson said. [Read more…]

Main Street: Ready to close by end of June, AMSE property the one remaining hurdle

Posted at 5:22 pm June 9, 2016
By John Huotari 25 Comments

The American Museum of Science and Energy property is pictured above in central Oak Ridge. The wide road running vertically at center-right through the aerial photo is South Tulane Avenue. The proposed Main Street Oak Ridge would be on the right side of South Tulane Avenue at the former Oak Ridge Mall. The road running horizontally at bottom is South Illinois Avenue. AMSE is the brown-roofed building at top-center.

Note: This story was last updated at 8 p.m. June 13.

RealtyLink, the developer that has proposed redeveloping the former Oak Ridge Mall, says it is ready to close on the roughly 60-acre site by the end of June and start construction immediately, but there is one last hurdle: The company is concerned about any redevelopment of the property across the street at the American Museum of Science and Energy that could compete with its proposed project, known as Main Street Oak Ridge.

So, RealtyLink has asked that, if the federal government wants to dispose of the AMSE property at some point in the future, the city would negotiate with the U.S. Department of Energy through the General Services Administration to either have the property transferred to the city, or allow RealtyLink to negotiate directly with DOE and GSA for a property transfer.

The Oak Ridge City Council will consider a resolution allowing the city manager to start the negotiations, should they become necessary, during a meeting on Monday, June 13.

So far, DOE and GSA have not publicly announced plans to dispose of the 17.12 acres in and around AMSE. But there have been public discussions about what to do with the property during the past 15 years or so. DOE has said it is not in the museum business. [Read more…]

Explore Oak Ridge to co-locate with Oak Ridge Chamber of Commerce

Posted at 11:10 am May 13, 2016
By Kathy Gillenwaters 1 Comment

The Oak Ridge Chamber of Commerce building is pictured above.

Explore Oak Ridge (the Oak Ridge Convention and Visitors Bureau) will be moving its operations from its current location at 102 Robertsville Road to co-locate with the Oak Ridge Chamber of Commerce in July, according to an agreement reached by the two organizations earlier this week.

The Chamber building is located at 1400 Oak Ridge Turnpike, near Oak Ridge High School and across from the Oak Ridge Civic Center.

The initial lease is for three years, with two additional one-year extension options. It will position the Chamber, Explore Oak Ridge, the Oak Ridge Industrial Development Board, and the Roane State Tennessee Small Business Development Center in one facility, a press release said. [Read more…]