Dover Development group’s Richard E. Dover says Knoxville is one step closer to its newest mixed-use development. The former Supreme Court building, located between Locust Street and Henley Street downtown, is a nearly two acre piece of land requiring an $82.8 million investment, according to the property developer.
Richard E. Dover says Knoxville city leaders accepted his bid in late 2016 and he is hopeful to have final approval early in 2017.
Dover’s proposal beat out three other developers, BNA Associates, Commercial and Investment Properties, and Marble Alley. Full details of the plan will not be released until negotiations are complete, says Richard E. Dover. Knoxville city leaders, however, in the original request for proposal, noted specific requirements that the space be used for residential and commercial purposes and that the development team must reuse the building’s Tennessee pink marble and other architecturally significant features.