2002-2003 Cornerstones Accomplishments
Endangered Properties:
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Gifted the $1.5 million Central Block Building to the Greater Chattanooga United Way in 2002. Built in 1883 and listed on the National Register of Historic Places, the three-story building is a Certified Historic Rehabilitation. This building is a 20,000 square foot, brick and of the Italianate architectural style located in the heart of the Central Business District. The renovation has had a major impact on the revitalization of Market Street. Total investment: $3 million.
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Formerly the home of Burchay’s Furriers, only 1,800 square feet of this 4,800 square feet building remains. The building is located at 821 Market Street. Cornerstones saved the limestone Richardsonian Romanesque façade by investing over $400,000 in the renovation of the remaining building. Renovations will be complete by spring 2003. Total Investment: $400,000.
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The City of Chattanooga gave a building to Cornerstones located in the 300 block of Market Street. This turn of the 19th century building was originally scheduled for total demolition for the City’s Fourth Street Boulevard project, but instead only half of the building was lost. This two-story building has a 20’ wide by 60’ deep footprint and has become a corner property. Cornerstones designed the new southern façade and through a Request For Proposal process sold the building in the fall of 2002. The exterior renovation of the building should be complete by spring 2003.
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35% (7) structures of the 20 that were on our Endangered Properties list have been successful saved. Cornerstones has worked closely and frequently with each property owner to insure that historic preservation approach and methodology were in compliance with the federal programs. Other historic properties that are under renovation and/or a certified historic rehabilitation:
- Colonial Hotel (10th Street)
- Loveman’s Building (8th and Market Street) Renovation $12 mill
- Chattanooga Plow Power House (Chestnut Street)
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Assisted with the preservation and adaptive reuse of the Park Place School building by providing a Structural Assessment to potential property owners. Realizing that vacant, abandoned older property can be intimidating for potential buyers, the report verified the stability of the structure and helped convince the potential owner to invest in the ownership and renovation of the property. Cornerstones will continue this structural analysis approach with other historic properties listed on our Endangered Properties list.
Development (Public Awareness and Education):
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Cornerstones has a close working relationship with RiverCity Company. We physically share office space with them and the Chattanooga Downtown Partnership. Strategically, this allows us as historic preservationists to have conversations on the front-end of projects, giving us the opportunity to be pro-active, and therefore, more effective than reactive. In January 2002, the Chattanooga City Council passed a resolution that allows for a property tax freeze of 12 years to historic property and 14 years to historic property that undergoes a certified historic rehabilitation. This is a huge step forward in creating local economic incentives to encourage that vacant abandoned historic property be adaptively reused.
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Continue to share information with numerous property owners across the city relative to the federal historic tax credit program, façade easement programs and availability of potential funding sources and technical assistance.
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Cornerstones co-sponsored the Tennessee Preservation Trust (TPT), the new state-wide preservation organization, first and second annual fund-raiser "Toast to Tennessee" held in Chattanooga in November 2001 and 2002. These events incorporated a tour of historic properties in diverse stages of preservation in the Southside neighborhood and in the Central Business District. The National Trust for Historic Preservation has earmarked Tennessee as one of the last remaining states in need of a preservation advocacy organization. Recognizing the importance in having a voice, Cornerstones is supportive of the organization. TPT is comprised of representatives from across the state, Jeffery Boehm is the current President, Judge Rebecca Sterns serves on the board and Rob Taylor is an advisor.
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Cornerstones continues to be involved in the "Tours of Downtown Living", the third annual tour will be held in April 2003 with new construction and adaptive reuse of historic buildings showcased for downtown residential space. This event was a combination of efforts between RiverCity Company, the Chattanooga Downtown Partnership and Cornerstones and is an annual event.
Cornerstones Accomplishments 2006-07
Cornerstones Accomplishments 2004-05
Cornerstones Accomplishments 2003-04
Cornerstones Accomplishments 2001-02
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