Urban Story Ventures, Hill Partners to Develop $350M Mixed-Use District at The Bend in Chattanooga
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in August 2026: $2.7B across 94 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
CHATTANOOGA, TENN. — A partnership between Urban Story Ventures and Hill Partners has announced plans for a new $350 million retail and residential district at The Bend, a 120-acre mixed-use redevelopment in downtown…
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