Source: Nashville Business Journal
More than 100 condos and flats, along with the roasting operation for Nashville’s original local coffee company, will soon start to appear on property immediately southeast of downtown and overlooking the state fairgrounds.
Construction is imminent on the mixed-use development off Nolensville Pike, officially marking a new area of focus for Nashville developer Mark Deutschmann, who is known for revitalizing core urban neighborhoods and signaling their rebirth. It’s little surprise Deutschmann is heading this particular direction, given the early progress he’s seen on his mixed-use project covering some 7 acres in trendy and quickly changing Wedgewood-Houston, which used to be dominated by industrial businesses.
Deutschmann’s Core Development owns 5.5 acres of land at 370 Herron Drive, where work is set to begin on a four-story condo building with 81 units. That $13.7 million phase of the development is set to open in late summer 2017, said Kent Campbell, vice president of Core Development.
Campbell did not disclose the expected price range for the condos. Prices for condos in Core Development’s project in Wedgewood-Houston, if that’s any guide, range from the mid-$100,000s to the mid-$400,000s — a range notable both for its more attainable low-end and the high-end prices that are setting new benchmarks.
The project, dubbed Alloy on Tech Hill, will also include 10 live-work flats and 10 two-story residences located on top of those flats. Additionally, Core Development plans up to eight “maker condos” that would be permitted under the “artisan manufacturing” zoning that Metro created last year— aimed at making it easier for craftsmen and artisans to find workspace.
Bongo Java Roasting Co. will reside in the development, opening a café in addition to a roasting operation that supplies the company’s wholesale business and coffee for all of its establishments (there’s six today and three more in the works).
The move, which Bongo Java founder Bob Bernstein alluded to in a previous interview, comes after Bernstein sold a building in the Gulch for $3.15 million this spring, one that houses the roasting operations today.
EOA Architects, of Nashville, designed this latest Core Development project.
For full article, visit http://www.bizjournals.com/nashville/news/2016/09/12/mark-deutschmann-and-bongo-java-fuel-condo.html.
We will share more information about Alloy in the coming weeks. This affordable community will have a myriad of modern amenities and stunning downtown views.