"The redevelopment of this block is intended to stimulate additional
investment in commercial and residential property in this area,"
Mayor Haslam said. "This project became a reality because of the
collaboration among many institutions and individuals. By continuing
to work together, Five Points can be a thriving community once again."
project has received funding from the federal Empowerment Zone program,
city of Knoxville, Knox County, KUB, and a federal grant awarded
to the Partnership for Neighborhood Improvement. The developer,
BDT Development & Management LLC and grocery store operator,
BDT-Cox & Wright Partnership, are also making significant investments
in the center.
Congressman Duncan stated, "This is a great day for our citizens.
I believe the revitalization of the Five Points area will bring
jobs and services that will greatly benefit the community's growing
Cynthia J. Finch, Knox County's senior director of community services
who represented Mayor Ragsdale stated, "The Five Points area is
rich in history and has always been blessed with a strong sense
of community. This redevelopment marks an important milestone for
the residents and the business owners of Five Points and offers
great promise for the future."
The Five Points Village Plaza includes more than 31,500 square feet
of space. Metro Village Market, a full-service grocery store, is
the anchor tenant. Other tenants include Wells Fargo Mortgage, J-R's
House of Fashions, Chefs and Caterers Kitchen, and the satellite
offices of the Knox County Clerk, Wm. Mike Padgett and Knox County
Trustee, Mike Lowe.
"Having grown up in the Five Points neighborhood, I remember a time
when small businesses flourished here and their customers included
people from all across the city," said LeRoy Thompson, president
of BDT Development & Management. "We made every effort - and
succeeded, I believe - in recruiting first-class tenants to this
shopping center, including a full-service grocery store. Now we
need the community to make the center a success."