The multi-million dollar renovation of the 401 Building at Fourth and Chestnut streets is proving a strong draw for highpaying office jobs. Three growing companies have already located to the building, which is also known as Chattanooga’s "Downtown Gateway."

Shared Health, a subsidiary of BlueCross BlueShield, has selected the 401 Building as its headquarters. Shared Health expects to employ 50 people by this spring.

"We looked at a lot of different possibilities when we were evaluating expansion options," says Lisa Cultip, director of business solutions at Shared Health. "The quality of the 401 Building’s renovation coupled with the amenities and location fit our needs perfectly."

In addition to Shared Health, the 401 Building will also house the new headquarters for PlayCore, a backyard products and playground equipment company, and the newly established Chattanooga area offices of Sargent & Lundy, specializing in professional services for the nuclear power industry. Sargent & Lundy will create approximately 140 new jobs.

The building includes 30,000 square feet per floor of Class A office space, which is the largest floor plate for lease of any building in downtown Chattanooga. It offers 430 covered parking spaces, high levels of security, new skywalks and advanced technology features.

"We have thought of every possible amenity we could provide to satisfy the needs of our tenants and to continue building our tenant roster," says Steve Dillard of Dillard Construction, one of the 401 Building owners. In addition, The Rush Fitness Complex will open its first full-feature facility in downtown Chattanooga at the 401 Building. The new fitness complex will be located in the 15,000-square-foot space under the 401 Building’s parking garage. The complex is expected to open by May and some 60 full- and part-time employees will be hired.