The Loudon County, Tennessee, Economic Development Agency released an article on the growth of the county and it’s underserved retail market. The county reports that it is setting record forth in housing, jobs, income and real estate, but is losing over $110 Million in sales through retail leakage. Because Loudon is underserved in the retail department, it’s citizens must travel to other areas in order to get the products they need. Loudon County’s leakage of retail sales are realized in motor vehicle dealers, furniture and home furnishing, electronics and appliances, building materials and garden equipment, the food and beverage industry, health and personal care, clothing, sporting goods, and book and music stores. This is great news for retailers looking to expand in the Tennessee Region. There are several developments emerging within the county that offer retail space for sale or lease including Town Creek Center, Tetra’s mixed use development which features:
*77 Acre Open Air Mall
*240 Market Rate Apartments
*126 Active Senior Apartments
*53 Acres Office/Medical Center
*15 Specialty/Restaurant Sites
*17.5 Acre Neighborhood Center
*6 Neighborhood Pad Sites
The site has premier visibility to I-75 and Highway 321:”The Gateway to the Smokies.” Both roadways have high traffic counts: I-75 averages 53,166 per day and Highway 321 averages 27,488.
Click here to view the full press release
Click here to view another article from Knox news on the issue
[...] Management Services to the developer) and Tetra’s Town Creek Center. According to The Tetra Companies’ Blog, Town Creek Center is mixed-use development [...]