Real Estate Notes: City Lights finish eyed for late 2018

Also: Update on Broadway project to include Whole Foods; Aertson Midtown pre-leasing begins

The developers of the now-underway City Lights residential project on Rutledge Hill are targeting a completion timetable of 18 to 22 months.

Houston-based architect Don Meeks, a member of the Rutledge Development LLC entity undertaking the project , said 28 of the future building’s 71 units have presold.

“We’re starting to see some of the market shifts in demand in sophistication coming to Nashville,” Meeks said. “People in the market are ready for some larger units with urban view.

“It’s fabulous Nashville is maturing in such a way,” he added.

A ceremonial groundbreaking was held today for the boutique condominium building, which will have an address of 20 Rutledge Street.

City Lights will rise seven stories at the corner of Lea Avenue and Rutledge Street, just south of Ascend Amphitheatre and across Hermitage Avenue from Rolling Mill Hill.

Once completed in late 2018, units will average 1,800 square feet and span up to 2,600 square feet for two- and three-bedroom condos. Four penthouses with four bedrooms will be between 3,200 and 3,400 square feet. Each unit includes two parking spaces in a secured underground garage and a storage unit. In addition to a rooftop terrace and sky lounge, amenities will include a restaurant, 24-hour security, a rooftop dog park, swimming pool terrace and a green roof, a fitness facility, a conference room, a clubroom and a guest suite.

Nashville-based Village Real Estate Services is handling marketing and sales.

 

Start may loom for Broadway tower project to include Whole Foods

Austin-based Endeavor Real Estate Group seemingly is nearing a full-scale start on its 27-story mixed-use tower — anchored by a Whole Foods — at Broadway and 12th Avenue North.

Earlier this week, officials with both Nashville Electric Service and Turner Construction (which will serve as general contractor) were seen on the site.

In addition, a source with information about the project and who asked to go unnamed said Endeavor is prepping for the start.

Endeavor officials could not be reached for comment.


Poston at The Park nears finish

The aforementioned Don Meeks said The Poston at The Park, which he is developing with a partnership involving three Nashville investors, is now 50 percent are pre-sold

The team is targeting a mid-February completion for the  27-unit building, located on Poston Avenue at 30th Avenue North.


Work underway for south side residential project

A South Nashville residential project is now underway following the issuing of demo permit related to the effort.

A Nashville-based development group that includes Nick Adler will undertake the 92-unit apartment development straddling Coleman Park near the northeast corner of Nolensville Pike and Thompson Lane

The group paid $1.33 million for 3.55-acre site and will call the project Woodbine Park. The team created Woodbine Park LLC for the project, which will replace a former lumberyard north of the park.

The permit is valued at $20,000, with Bacar Construction handling the job.


Pre-leasing underway for Aertson Midtown

Buckingham Companies is now pre-leasing residential units in its Aertson Midtown, with the building to open in spring 2017.

According to a release, the leasing center is located in the nearby Adelicia next to Le Sel restaurant

The release notes Aerston Midtown residents “will enjoy unparalleled views of Vanderbilt and the Nashville skyline and exclusive access to high-end amenities including: the 17th floor roof terrace, 8th floor pool deck, outdoor kitchens and cabanas, bike garage and repair shop, pet park, pet washing and grooming stations, and on-demand fitness center.

A virtual 3D video preview of the project and its many amenities is available via youtube.com.

Aertson Midtown is located at the point at which 21st Avenue, Broadway and Division Street converge.

The announcement of the pre-lease start comes as Cincinnati-based Mexican restaurant Nada announced it will be a tenant in the retail portion of the building.

“We are pleased to welcome Nada to Aertson Midtown as we move quickly toward completing this addition to the neighborhood,” Scott Travis, senior vice president of development at Buckingham Companies, said in the release. “We have been very selective in securing retail partners to provide a variety of quality services that will be convenient for our future residents, guests at the hotel and neighbors. Offering a well-rounded mix of businesses will fuel the walkability and vibrancy of Midtown.”

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