KNOXVILLE (WATE) – The South Knoxville waterfront will include a public riverwalk, apartments, and the new world headquarters for Regal Entertainment Group when it is completed.
Blanchard and Calhoun Commercial bought the property in January 2013 and the city of Knoxville unveiled plans for a multi-million dollar project to transform the former hospital into a mixed-used property. Now, more than four years later, the project is finally nearing completion.
“The Regal headquarters is anticipated to open in September, and the Riverwalk at the Bridges residential units are expected be completed by early 2018,” says Dawn Michelle Foster, the City’s Redevelopment Director.
In October 2016, Regal Cinemas signed a letter of intent to move their corporate headquarters to a nine-story building on the property that had been vacant since 2008. Within a half of a year, the 178,000 square-foot building will complete a $12 million transformation.
All 325 employees at the company’s current headquarters in Halls will move to the building. Regal Cinemas is expected to increase their workforce to 400 employees, according to the city of Knoxville.
Southeastern Development Associates (SEDA) is also building Riverwalk at the Bridges luxury apartments that will house up to 600 residents. There will also be a 1,100 foot-long public riverwalk and 37,500 square-foot public plaza at the Henley Bridge.
University Housing Group is also finishing a $35 million Riverfront Station apartment complex to the west of Henley Bridge. They are expected to complete the complex by early 2019. It will be home to more than 1,000 new residents in what’s now a blighted, vacant tract.
“It’s exciting to see the Regal Entertainment Group headquarters getting closer to completion, at the same time that the Riverwalk at the Bridges apartments are going vertical,” Foster says. “This area soon will be a really great place to live, work, and visit.”