Knoxville seeks developers to transform McClung Warehouse site
The McClung warehouse site burned down in 2007 and 2014; now, Knoxville's Community Development Corporation is seeking developers to redevelop the site. Feedback received from a public meeting in 2023 said the property should be connected and walkable, have mixed-income housing and have open space for the public.
In a two-step process, developers submit interest in the purchase, then, if picked, they will submit a redevelopment plan. The timeline within the Request for Qualifications lists the submission deadline as 11 a.m. on June 13, with the master developer to enter into a binding agreement in December. The full RFQ can be found here.
Jackson_Avenue_Development_Request_for_Qualifications_C25008Download
The five- to seven-story red brick warehouses along W. Jackson Ave, the oldest of which dated back to 1893, were an important part of the early economy of Knoxville due to their proximity to the railroad tracks. Three of the buildings burned down in 2007. The City acquired the properties in 2013 with the intent of rehabilitating the existing buildings. However, the remaining two buildings were lost in a second blaze in 2014.
Part of the site was converted into a public parking lot. Nearly $9 million was invested in 2019 and 2020 to replace and preserve parts of the historic Jackson Avenue Ramps at Gay Street.
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Capital Expenditures For the six months ended June 30, 2025, we invested Ps.226.4 million (U.S.$12.0 million) in capital expenditure projects, mainly related to expansion of production and maintenance. In the six months ending June 30, 2025, our capital expenditure was allocated by segments as follows: 62.0% to copper tubing, 9.3% to wire and cable, 14.7% to valves and controls, 2.4% to electrical products and the remaining and 11.6% to other divisions. By geographic region 39.6% of total capital expenditures were invested in our Mexican facilities and the remaining 60.4% in the U.S. You should read this document in conjunction with the unaudited consolidated financial statements as of June 30, 2025, including the notes to those statements. View source version on CONTACT: Francisco Rodriguez [email protected] Tel. 5255 5216 4028 KEYWORD: LATIN AMERICA NORTH AMERICA UNITED STATES MEXICO CENTRAL AMERICA INDUSTRY KEYWORD: ENGINEERING OTHER MANUFACTURING MANUFACTURING STEEL SOURCE: Industrias Unidas, S.A. de C.V. Copyright Business Wire 2025. PUB: 08/20/2025 12:11 PM/DISC: 08/20/2025 12:11 PM
