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VOL. 6 | NO. 18 | Saturday, April 27, 2013

Carlisle Joins Chisca Project

By Bill Dries

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The partners developing the old Chisca hotel on South Main as apartments announced at a Friday, April 26, project launch that Carlisle Corporation is the main partner for the project.

Founder Gene Carlisle was at the event in the motor court entrance of the newer part of the hotel to formally open construction work on the $24 million project.

Carlisle has a long history with Downtown development and is known primarily for his development of Number One Beale, the commercial development at Beale Street and Riverside Drive that included Captain Bilbo’s restaurant and bar which opened in the late 1970s. He was also the original developer selected for the Beale Street entertainment district.

The Carlisle Corporation signed on to the Chisca project just last week. Carlisle said the eight-story hotel and its “motor plaza” annex are a crucial location in further developing the South Main district.

Gary Prosterman of Main Street Apartment Partners LLC said the Chisca will be 165 apartments with the renovation completed in about 14 months. There will be 115 one-bedroom apartment and another 50 two-bedroom units as well as 10 townhouses on the property. The rents will range from $700 to $1,500 a month, according to Prosterman.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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