Micronics Engineered Filtration Group and Team Title Services are the first companies to locate at the former industrial site at 1201 Riverfront Parkway.
Around 220 jobs are expected to be created by the firms.
Urban Story Ventures, which owns the 112-acre area, recently leased space to the businesses and site work is underway.
“Bringing good-paying jobs back to the riverfront was our first and most important objective when we acquired this property,” says Jimmy White, co-owner of Urban Story Ventures with Hiren Desai. “Micronics and Team Title are tremendous partners to help us kick off the revitalization of the riverfront.”
Micronics Engineered
Headquartered in Portsmouth, New Hampshire, Micronics Engineered plans to start manufacturing filtration products and equipment this summer. The company will employ around 140 people. The facility will include 56,000 square feet of office and manufacturing space, which Urban Story is upgrading to include a sprinkler system, conditioned shop space and two new loading docks.
The plant complements Micronics’ existing manufacturing facilities in the U.S, Mexico and the United Kingdom.
“Chattanooga is one of the best cities to grow manufacturing businesses, which we considered when seeking the ideal location for our expansion,” says Glenn Gertridge, vice president of operations for the Micronics Engineered. “Micronics’ new filter media manufacturing facility in Chattanooga will strengthen our ability to consistently exceed customer needs and minimize delivery time. It will ensure our company has the manufacturing capacity to support increased demand across the world.”
Team Title
Team Title, launched in December 2018, has 23 employees working out of a temporary space at the riverfront site. The company plans to hire an additional 50 people. Team Title provides start-to-finish support during home buying and commercial property development processes.
“We’re expanding our business nationally over the next few years, so having a headquarters that can facilitate our anticipated growth plans is huge for us,” says Web Raulston, CEO of Team Title. “We want our headquarters to convey the same vision we have for our company as a whole – high-tech, customer service-driven and transparent. We’ll have an open-concept plan throughout with glass offices and conference rooms.”
After more than doubling in size since December, Team Title is working with Urban Story to convert a 20,000-square-foot building to office space. Team Title is working from an office next door while the space is built out.
The vision and design for the area around Micronics and Team Title was revealed in a recent public presentation at the former Alstom facility. Initial concepts for the neighborhood include a variety of workplaces, restaurants, residences, greenspace and entertainment. Urban Story Ventures is pursuing top manufacturers to occupy some of the other facilities at the site and bring even more jobs back to the area.
Source: Urban Story Ventures