Knoxville TN, September 23, 2025
News Summary
The Delaney Building in downtown Knoxville, developed by Randy Boyd, is becoming a hub for luxury living with 47 high-end condos now available. Half the units have been sold or are under contract, with prices ranging from $600,000 to $2 million. Anticipated restaurants and shops will enhance the vibrant community atmosphere as major real estate developments continue in the area, including a new 271-unit apartment complex at Mabry Hood Rd, further reflecting the growth of Knoxville’s real estate market.
Knoxville is witnessing a significant development in its real estate landscape as buyers begin moving into The Delaney Building, a luxury condominium complex in downtown. Developed by businessman Randy Boyd, this high-end residential project features 47 units, alongside office and retail spaces, positioned alongside the first base at Covenant Health Park.
Currently, the third floor of the residential units has been completed, and approximately half of the units have either been sold or are under contract. The price of these luxurious residences ranges from $600,000 to $2 million. As construction reaches completion, bars and restaurants are anticipated to open their doors in the building, adding more vibrancy to this new neighborhood within downtown Knoxville.
The total cost invested in creating The Delaney Building is reported to be around $80 million. Randy Boyd envisions transforming downtown Knoxville into a lively experience reminiscent of Wrigleyville in Chicago. This vision is reflected in the variety of potential buyers, including those looking for new construction and existing homeowners from West Knoxville or nearby counties.
Expectations are high for the completion of the upper levels of The Delaney Building by the end of the year. As interest mounts, additional real estate developments are also underway, including a new 271-unit garden-style community at 962 Mabry Hood Rd. This development features a range of apartment sizes—studio, one-, two-, and three-bedroom units—set on an expansive 11.7-acre site.
With amenities designed to attract residents, the new community will offer a private co-working lounge, private garages, a resort-style pool, fitness center, and a dog park. This project is a collaborative effort between Novare Group and Batson-Cook Development Company, marking their 40th partnership. Its strategic location provides easy access to major employers, including Oak Ridge National Laboratory and the University of Tennessee.
Knoxville’s rental market has displayed consistent demand, with asking rents experiencing a 0.4% increase through July, surpassing national growth rates. New developments in the area are gaining momentum, largely due to a surge of residents gravitating towards West Knoxville, which benefits from its proximity to the urban core and the University of Tennessee.
Key Features of The Delaney Building
| Feature | Details |
|---|---|
| Location | Along first base at Covenant Health Park |
| Units | 47 high-end residential units |
| Price Range | $600,000 to $2 million |
| Construction Cost | $80 million |
| Completion Status | Half of the units sold or under contract; third floor completed |
Additional Developments
In addition to The Delaney Building, the area is seeing the construction of a new garden-style community with 271 units at 962 Mabry Hood Rd. This complex will feature a variety of apartment sizes and numerous amenities aimed at providing a comfortable living environment. The collaborative effort by Novare Group and Batson-Cook Development Company indicates a growing interest in Knoxville’s expanding real estate market.
Conclusion
This development marks a notable shift in Knoxville’s downtown residential offerings, signaling a bright future for the city as it strives for a more vibrant urban lifestyle, attracting both new residents and businesses alike.
FAQ
Where is The Delaney Building located?
The Delaney Building is located along first base at Covenant Health Park in downtown Knoxville.
How many residential units are in The Delaney Building?
The complex boasts 47 high-end residential units.
What is the price range for the residential units?
The residential units range in price from $600,000 to $2 million.
What amenities does the new community at 962 Mabry Hood Rd offer?
The new community features a mix of studio, one-, two-, and three-bedroom apartments, with amenities including a private co-working lounge, private garages, resort-style pool, fitness center, and dog park.
Deeper Dive: News & Info About This Topic
HERE Resources
Construction Progress in Downtown Knoxville
Knoxville Traffic Changes Due to Ongoing Construction Projects
Knoxville’s Ongoing Development Projects Reshape City Landscape
Knoxville’s New Multi-Use Stadium Set to Open in 2025
Additional Resources
- WBIR: Buyers Move into Delaney Building
- Wikipedia: Real Estate Development
- YieldPro: Novare Group Breaks Ground
- Google Search: Knoxville Real Estate Development
- Knox News: Knoxville Tax Deal Includes Affordable Apartments
- Encyclopedia Britannica: Apartment
- Multi-Housing News: Novare Group Breaks Ground
- Google News: Knoxville Apartment Market
Author: STAFF HERE KNOXVILLE WRITER
The KNOXVILLE STAFF WRITER represents the experienced team at HEREKnoxville.com, your go-to source for actionable local news and information in Knoxville, Knox County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Dogwood Arts Festival, Big Ears Festival, and Knoxville Asian Festival. Our coverage extends to key organizations like the Knoxville Area Chamber Partnership and United Way of Greater Knoxville, plus leading businesses in healthcare, education, and energy that power the local economy such as Covenant Health, University of Tennessee, and Tennessee Valley Authority. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREMemphis.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
