Category: CHM LLC

New Tenants Coming to Northshore Town Center

Posted by Ryan Willis – April 17, 2013

Knoxville, Tenn. – Northshore Town Center will be adding banking to its list of convenient services being offered. The master-planned, mixed-use community being developed by CHM, LLC announces that First Tennessee Bank and ORNL Federal Credit Union will be opening new branch locations in the near future, signaling two more significant additions.

“We are happy to welcome two of the most trusted financial service providers in all of East Tennessee,” said Mike McGuffin, a partner with CHM, LLC. “It’s no secret why they have chosen to expand their presence here…the vision of the center is coming to fruition. We are experiencing continued momentum and increased interest from many restaurants and retailers across the area, not to mention the positive feedback that we’re receiving from our current tenants.”

The new branch of First Tennessee, a part of the First Horizon National Corporation family of companies, will be the community-focused regional bank’s 35th location in Knoxville and surrounding areas. “We have been serving customers in the Northshore area for more than 15 years, and we are excited about the opportunity to continue our service to them in the new location in the Northshore Town Center,” said Pam Fansler, East Region President, First Tennessee Bank.

Meanwhile, ORNL Federal Credit Union, another large financial services provider, will also open a new branch location in Northshore Town Center, marking its 33rd office in the greater Knoxville area. ORNL FCU provides financial services to businesses and individuals, who live, work, worship, or attend school in the 16 counties of Central East Tennessee. “ORNL Federal Credit Union’s planned branch in Northshore Town Center is part of our continued focus on delivering enhanced value to our members and the communities we serve, “ said Chris Johnson, CEO and President, ORNL Federal Credit Union . “We are excited to be part of this dynamic center and look forward to delivering our product and services with greater convenience to better meet the financial needs of our more than 157,000 members.”

These two financial institutions will join, Uncle Maddio’s, the fastest-growing fast casual pizza restaurant in the Southeast, who is scheduled to open its first Tennessee location at Northshore Town Center later this spring. Uncle Maddio’s offers made-to-order pizzas, toasted paninis, and gourmet salads prepared with fresh ingredients and dressings that are made daily.

Retailers already featured in Northshore Town Center include Barre3, The Nail Spa, Froyoz, Fusion Tanning Studios, Five Guys and Great Clips in addition to Target and Publix.

Northshore Town Center is a 134-acre site located at Pellissippi Parkway and Northshore Drive. The development’s master plan anticipates retailers, restaurants, entertainment, office space, plus single-family homes, multi-family homes, apartments, condos and townhomes, all complemented by a five-acre lake. In addition, Northshore Elementary will open this fall and accommodate nearly 1,000 students.

Northshore Town Center is being developed by Northshore Market Investors, led by CHM, LLC, a Knoxville-based development team.  Members of the team include Budd Cullom, Jim Harrison and Mike McGuffin.

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Media Contact:
Ryan Willis
(865) 584-0550
rwillis@ackermannpr.com

Local developers, business leaders and government officials ceremoniously break ground on University Commons

Posted by Ryan Willis – March 7, 2013

KNOXVILLE, Tenn. – Today, during an event organized by local developers, CHM, LLC, and attended by Knoxville business leaders and government officials, including Knoxville Mayor Madeline Rogero, ground was broken in preparation for the building of University Commons, Knoxville’s first urban, vertical retail complex.

University Commons, a distinctive multi-story urban shopping and dining development located on the former Fulton Bellows site, will cover 12+ acres, with 211,000 square feet of retail space and parking.  Anchored by nationally recognized brands, Walmart and Publix, on property adjacent to the University of Tennessee, 40,000 more square feet will be dedicated to smaller retailers and service providers once the project is completed.

According to Mike McGuffin, a partner with CHM, LLC, the uniquely designed, urban retail complex will fill a grocery and retail void in the downtown and University areas, including providing grocery/supermarket services in what is considered a federally designated “food desert.”

“Residents in downtown and nearby neighborhoods along Alcoa Highway and Kingston Pike will all benefit from the convenience University Commons will provide, as will University of Tennessee students,” said Mayor Rogero. “And the whole city will benefit from the redevelopment of this former industrial property.”

Brian Hooper, vice president of real estate for Walmart, echoed Mayor Rogero’s sentiment.  “We are excited about the opportunity to bring added convenience to the downtown and University of Tennessee area of Knoxville,” said Hooper.

Knoxville & Knox County Officials join CHM partners Budd Cullom, Jim Harrison and Mike McGuffin at groundbreaking for University Commons

McGuffin projects that University Commons will have an approximate economic impact of $226 million on the Knoxville community and create more than 1,500 jobs. “We believe University Commons will be an excellent example on how public and private partnerships can create viable, economically sound projects for a community while enhancing the quality of life for its residents,” said McGuffin.

According to CHM, LLC partner, Jim Harrison, University Commons transforms a once non-productive real estate brownfield into a developmental asset while anchoring several other major public and private development efforts in the area including the Cumberland Avenue Corridor Project.  “Together, University Commons and the Cumberland Avenue Corridor Project will change a semi-suburban area, often used as a pass-through, into a safe and attractive urban district for the community,” said Harrison.

“University Commons and the Cumberland Avenue Corridor Project are great complements to each other,” echoed Budd Cullom, the third member of the Knoxville-based CHM, LLC development team.

According to the developers, Walmart and Publix are slated to open during the summer of 2014.

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Media Contact:
Ryan Willis
rwillis@ackermannpr.com
(865) 584-0550

Uncle Maddio’s and Five Guys Set to Open at Northshore Town Center

Posted by Ryan Willis – November 14, 2012

KNOXVILLE, Tenn. – Northshore Town Center’s two newest tenants will be pleasing to the taste buds of many who visit this newly launched mixed-use community.  One of the more popular destinations for burgers in Knoxville, Five Guys, will be joined by a newcomer to the market, Uncle Maddio’s Pizza Joint, where customers can “build their own pizza without getting their hands messy.”

“Both of these restaurants are first class and provide great customer service on top of delicious food,” said Tim Hickey, leasing agent for Northshore Town Center. “Now that the shopping center has opened with such success, we are excited to continue to build off of the momentum created and add additional restaurants and supporting retailers to this area.”

Uncle Maddio’s, the fastest-growing fast casual pizza restaurant in the Southeast will open their first Tennessee location at Northshore Town Center.  The restaurant offers homemade pizzas, toasted paninis, and gourmet salads prepared with fresh ingredients and salad dressings that are made daily.

“We’re thrilled to open our first store in Tennessee – and in particular, in the award-winning, fast-growing city of Knoxville,” says Uncle Maddio’s Founder and Chief Pizza Maker Matt Andrew. “As the ‘Chipotle of pizza,’ Uncle Maddio’s is the next generation pizza joint. We serve made-to-order, cooked-from-scratch pizza with options customers won’t find anywhere else – with three types of crusts, six sauces, and more than 47 fresh toppings (including gluten-free, vegan, organic, and free-range), Uncle Maddio’s gives customers more than 3 million pizza-loving choices!”

No stranger to the Knoxville market, Five Guys will open their 6th location in the metro Knoxville area. “We are thrilled to be part of the Northshore Town Center and the local community,” said Sean Moore, franchisee of Five Guys Northshore. “As a local franchisee, we pride ourselves not only with the food we serve but also the community we serve!”

According to Moore, Five Guys serves fresh (never frozen) 100% All-American beef, which is hand-patted daily and cooked to order. Bread is baked and delivered fresh daily, while french fries, Idaho potatoes, are hand-cut throughout the day, cooked in 100% peanut-oil and cooked to order.

“We take pride in serving the best burgers/fries and anticipate this location will continue this trend,” added Moore. “We do one thing and concentrate on doing it well!”

Northshore Town Center is a 134-acre site located at Pellissippi Parkway and Northshore Drive. The development will contain retailers, restaurants, entertainment, office space, plus single-family homes, multi-family homes, apartments, condos and townhomes, all complemented by a five-acre lake, a park and abundant greenspace.

Northshore Town Center is being developed by Northshore Market Investors, led by CHM, LLC, a Knoxville-based development team.  Members of the team include Budd Cullom, Jim Harrison and Mike McGuffin.

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Media Contact:
Ryan Willis
(865) 584-0550
rwillis@ackermannpr.com

Local developers announce plans for unique, urban retail development featuring Publix and Walmart

Posted by Ryan Willis – January 4, 2012

Knoxville, Tenn. – Plans are underway for Knoxville’s first urban, vertical retail complex, built over covered parking and featuring two major brands from the grocery and retail industries.  This distinctive multi-story structure will revive the look and feel of a turn of the century factory, adapted for an urban shopping and dining experience for visitors. 

University Commons will cover 12+ acres, with 211,000 square feet of retail space and parking.

Both Walmart and Publix have made commitments to be a part of this project planned for the former Fulton Bellows site, adjacent to the University of Tennessee.  In addition to both Walmart and Publix, more than 40,000 square feet will be dedicated to smaller retailers and service providers. 

The retail complex will fill a grocery and retail void in the downtown area, including providing grocery/supermarket services in a federally designated “food desert.” A food desert is considered a low-income census tract (LICT) where a substantial number of residents have low access to a supermarket or large grocery store.

“With the commitment from Publix, we will provide a grocery and supermarket service not currently available and one that is much needed in this area,” said Mike McGuffin, a partner with CHM, LLC.  “Downtown residents, students on campus, residents from Alcoa Highway and other local neighborhoods, will all greatly benefit from the convenience University Commons will provide.” 

The University Commons project will have an approximate economic impact of $226 million on the Knoxville community and create more than 1,700 jobs.  “We’ll be able to provide job opportunities to low-income residents in this area, making it easier for them to get to and from work each day,” added McGuffin. 

With the current property classified as a brownfield site, the development of University Commons will return a non-productive real estate asset to productive use, while anchoring several other major public and private development efforts in the area.  “This project along with the Cumberland Avenue Corridor Project will be great complements to each other,” said Jim Harrison, a partner with CHM, LLC.  “Together, these projects will make this semi-suburban area that is often used as a pass-through into a safe and attractive urban district for the community.” 

There are many hurdles involved in redeveloping this site, including securing the funding necessary to successfully complete the project.  “Because the current site is a brownfield, we will acquire some substantial expenses required to properly clean up the site, along with construction costs necessary to build this unique, vertical complex,” said Harrison. “We will be seeking funding for the project through real estate and sales tax TIFs and through the New Markets Tax Credit Program.” 

“University Commons will absolutely not happen unless we are able to secure the necessary funding through the TIFS and the NMTC.” 

The project is being developed by CHM, LLC, a Knoxville-based development team.  Members of the team include Budd Cullom, Jim Harrison and Mike McGuffin. 

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