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It seems that cranes dot the sky anywhere you look in Nashville these days. With roughly 100 people moving into our city each day, buildings can’t go up fast enough. To accommodate this growth, developers are investing in condo complexes all over the Nashville. If you’re new to the city, or want to experience all that Music City has to offer from your doorstep – you’ll want to keep track of these developments.
Affordable (Fairgrounds – South Nashville)
Core Development will be bringing two new condo complexes to South Nashville over the next year and a half. Together, the developments are expected to bring in around 260 units. The first phase of Alloy on Tech Hill, expected to be complete this summer, will house 81-units, work space, and 8,000 sqft of commercial retail space. Additionally, the second phase will include 20 more condos, and 10 ground level work-units with condos above. Alloy will be located off Nolensville by the fairgrounds at 380 Heron Drive. Prices are expected to start below $200,000 and stop around $300,000.
Across the street, Core is working on a development yet to be named. The complex is expected to house 180 units and is set to break ground in the next 15 months. Prices will be similar to Alloy, as Core’s focus is to create affordable housing for those who work downtown.
Mid-Range (Berry Hill/Melrose)
The growing Berry Hill/Melrose district will be welcoming a new community based condominium complex in 2017. Eight South will come complete with 52 condos and 18,000 sqft of commercial space. Less than 2.5 miles from the heart of downtown, Eighth South is sure to be a hot commodity for those looking to live, work, and play close to downtown. Unit prices range from $250,000-$400,000.
Luxury (Germantown, Rutledge Hill)
In the luxury market, two new developments are expected to be complete by 2018: City Lights on Rutledge Hill, and Germantown Riverfront Condos. A couple minutes walk from downtown, City Lights will set the bar high for downtown luxury living. The complex will come complete with 71 units, a restaurant, rooftop pools/lounges, an area for your pets, and breathtaking views of downtown Nashville. Prices will start in the $400,000’s for a two bedroom and go up to $3 million for a penthouse. City Lights is set to be complete by summer of 2018.
On the other side of the city, Germantown is expected to welcome a new riverfront project yet to be named. Riverfront properties are a rarity, and developers Dennis Devine and Meg Epstein want to capitalize on that. 39-units are expected to be built, and prices will range from $400-$425 a sqft. The project is expected to begin this spring.
It’s an exciting time to be living in Nashville as something new is developing every day. If you have any questions about condominiums, Nashville, or real estate in general – give us a call at 615-933-1000 or email us at Info@LivingTN.com