GATLINBURG, TN – FOURMIDABLE, a national property management and brokerage firm that currently manages 14 parishes in Tennessee, announced the opening of Watson Glades Place, its newest parish in Gatlinburg.
"FOURMIDABLE is proud to have worked with members of this owner group since 2007 and to build a strong professional relationship. We are extremely excited to be part of the city and look forward to leading such an upscale community," said Michael Schocker. President of FOURMIDABLE. "Watson Glades Place will be a wonderful addition to the Gatlinburg area."
Watson Glades Place offers residents 80 one, two and three bedroom homes. The newly built, energy-efficient community has fully equipped kitchens with dishwashers, washing machines and dryers, and vaulted ceilings.
The community will also offer residents an outdoor pool, business center, fitness center, furnished clubhouse and playground.
Watson Glades Place is being developed in partnership with the Tennessee Housing Development Agency as part of the Low-Income Housing Tax Credit Program. General contractor is BACAR Constructors from Nashville, Tennessee. The developers of the property are Watson Glades Place 2017 Limited Partnership.
The first residents moved into their beautiful new houses at the end of July. Rental rates for Watson Glades Place range from $ 595 to $ 795 per month. There are income restrictions for applicants in residential areas based on area median income, but no direct rental subsidies are offered in the municipality.