Economy
Now considered the "club district" of Knoxville (currently no strip clubs), the Old City is generally made up of warehouses, buildings of light industrial use, and a small historically commercial strip along South Central Street. The White Lily Foods plant, which had operated since 1885, shut down in 2008. JFG Coffee was for decades located in several buildings in the Old City, but has recently moved. The former JFG roasting facility at 200 West Jackson Avenue was redevleoped into the JFG Flats residential lofts in 2009, and the White Lily Foods building was purchased in 2012 by the same company that developed the roasting facility (Dewhirst Properties). It will be developed for residential rental apartments in 2013 and 2014. John H. Daniel Company, a custom tailoring company, has operated on West Jackson since 1928.
There are several loft apartments in the older buildings of the Old City, many located behind and above offices and stores. The Jackson Ateliers Building and Hewgley Park lofts have been residential locations for many years. The Jacksonian Condos, JFG Flats, and Fire Street Lofts, have been redeveloped more recently as upscale condominiums, some listing in excess of $600,000.
The area tends to attract young single adults, who are sometimes affiliated with the University of Tennessee, which is less than two miles away. The Old City's proximity to entertainment and nightlife make it an attractive place to live for many young adults. The Old City has a noticeable presence of homeless people, but violence is uncommon and the main concern is panhandling.
Read more about this topic: Old City (Knoxville)
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)