The Tennessean: Gulch’s Carquest site sold for high-rise apartment project

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A Phoenix-based multifamily developer has paid $5.15 million for the former location of Carquest Auto Parts at Eighth and Division in the Gulch where it plans an apartments project.

Alliance Residential Co. planned a 14-story high rise tower with 225 apartment units and 4,000 square feet of retail space for 777 Eighth Ave. S., according to a preliminary draft plan that the developer submitted to a city review board earlier this year.

Carquest has moved out of the 13,200-square-foot warehouse-style retail building on the 0.94 property, which had been home to an auto parts store since at least the ’80s.

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