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(WBIR) Developers purchased the site of the old Baptist Hospital in south Knoxville Monday for $6.25 million.

Blanchard and Calhoun, a commercial corporation from Georgia, said it plans to build one of the largest developments in the history of Knoxville and Knox County. Plans are for a mixed-up development on the site featuring luxury apartments, shops, a hotel, and restaurants. Developers said demolition on the 24-acre site will start in February.

DOCUMENT: Hospital Deed

The land has sat vacant since the hospital closed in 2008.

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