Historic Mill Revitalization Minutes from Downtown Chattanooga
Peerless Mill, located just outside of downtown Chattanooga in Rossville, Georgia, is an historic textile mill that is undergoing a major transformation.
Now under new ownership, the property is set to become a mixed-use city center, bringing new life and energy to the community.
Originally constructed in the early 1900s, Peerless Wool Mill is considered one of the oldest and largest mills in the region. The mill employed thousands of people at its peak and even had semi-pro basketball and semi-pro baseball teams. The mill was a leading producer in the textile industry and manufactured a variety of textile products, most notably wool blankets for soldiers during World War II.
Sadly, a portion of the factory caught on fire, leading to the mill's shutdown in the late 60s.
The New Vision for The Mill
Now, with a new vision and investment, the redevelopment of Peerless Mill is set to revitalize the city of Rossville. The mill encompasses approximately 1.5 million square feet across 29 buildings on 32 acres with strong interstate access and only minutes from Chattanooga.
The transformation of the mill will create space for a variety of businesses, including offices, retail stores, apartments, and light industrial facilities. This development will provide a unique opportunity for small and local business owners to establish themselves in a highly desirable and historic location.
Uses Available Onsite:
Creative office space and coworking
Warehousing and Storage
Art, photography, Film, and Music Studios
Event Space
Sport Courts
Brewery / Distillery
Food truck courts
Have another use you’d like to see on the site? Let us know.
The Phased Plan
Phase 1 of the redevelopment project will focus on bringing in new tenants to activate the site. These businesses include light industrial, storage, and an anchor brewery. Additionally, the site will host food trucks, festivals, and temporary studios for art, film, photography, and music. A dog park and outdoor sports court are also targeted for the end of Phase 1, providing space for the community to gather and play.
Phase 2 will begin to transition the mill into a mixed-use hub for the city of Rossville and the greater Chattanooga area. Retail, residential, event, and fitness components will be introduced, creating a walkable community for residents and neighbors.
Finally, Phase 3 will focus on bringing tourism and office components to the mill. The completion of the final phase will result in a “self-contained city,” where residents and visitors to the site will be able to find all of their live, work, and play needs.
A Unique Opportunity for Businesses
Overall, the renovation of Peerless Mill is set to bring significant economic benefits to the city of Rossville, while also preserving a piece of local history.
With the creation of a mixed-use city center, the mill will provide access to a variety of businesses and employment opportunities. The revitalization offers a unique opportunity to create a vibrant, community-focused destination that will benefit residents and visitors alike.
As the project moves forward, the Peerless Mill is sure to become a cornerstone of the community, driving growth and prosperity for years to come.
If you’ve been investing for a while, you know the grind.
You’ve closed deals, managed contractors, worked through leases, and seen both wins and setbacks. Maybe you’ve owned single-family rentals, a few duplexes, or even some small commercial buildings. You understand the fundamentals: how to run numbers, navigate debt, and keep properties occupied.
But here’s a question that hits at a different level: are your investments giving you leverage or just more responsibility?
As your portfolio grows, so does the complexity. More tenants often mean more phone calls. Bigger buildings bring additional systems, staff, and liability. And while your equity might be growing on paper, your time can get stretched thin across too many directions.
That’s why more experienced investors are quietly shifting toward asset classes that offer something rare in commercial real estate: simplicity that still delivers strong returns.
Two of the most overlooked categories in this space are flex industrial and industrial outdoor storage (IOS).
They’re not flashy. You won’t find them in luxury investor decks or high-end brochures. But these properties produce solid returns, attract long-term tenants, and are surprisingly light on operational headaches. Best of all, they give seasoned investors a way to keep growing without being consumed by the demands of their portfolio.
In this post, we’ll walk through:
What makes flex and IOS so attractive
The numbers behind why they work
How they fit into a growing portfolio
And why they might be the most strategic asset class you haven’t explored yet
This is not about going bigger for the sake of scale. It’s about going smarter.
Because the goal is not more units. It’s more freedom.