The secret is out! Nashville is the investment world’s “It” city right now. Media outlets are announcing new projects on a daily basis. Nashville is named a top American city again and again by an endless list of national surveys and media.
Do you ever stop and ask why? Is it sustainable? Short answer: YES! There are substantial reasons for Nashville’s boom. Keep reading and you will see for yourself!
Nashville-based Stonehenge Real Estate Group will soon break ground on a 153-unit apartment project in the Music Row area. Artisan on 18th will be located at the intersection of 18th Avenue South and Chet Atkins Place, with plans to open by late summer 2014.
A group of local investors has paid $4.25 million for the Nashville home of the Federal Reserve Bank of Atlanta with plans to convert it into a 61-unit luxury apartment building. The private ownership group plans to spend up to $15 million on the property at 301 Rosa L. Parks Ave. The group says the project, which will be called The Lofts at The Reserve, should be completed by early next year.
The Federal Reserve building in downtown Nashville has sold for $4,500,000. The four-story, 75,000+/- sq ft building was built in 1958 and sits on 1.69 acres.
Does Nashville need all these apartments? While the U.S. and World economies struggle in a prolonged economic slump, Nashville is witnessing an apartment boom. There are currently 9,003 units either under construction or planning construction in the Nashville area….
Reported By Tracee Tolentino, Reporter
The Nashville Business Journal highlighted a recent Kwasek Commercial Real Estate transaction. The deal involved 30 North in Nashville’s West End. The 36,000 square foot building sold for 2.975 million.
30th Avenue LLC purchased a 75 percent interest in the building at 210 30th Avenue North, according to Davidson County property records. The building has three stories of office space and two levels of covered parking.