Ground is slated to be broken by late summer on East Side Apartments, to be located at 909 Main St. in East Nashville.
The approximately $7.4 million development, which was announced in late 2012, will feature both a four-story building and for-rent townhomes with their own garages. It will offer 71 units.
Adam Leibowitz, who leads a group of silent investors that created East Side Development Partners LLC for the project, said East Side Apartments (read more here) has remained viable despite rumblings from some that the project had been scrapped.
“After about a six-month delay working through cost constraints, we’re in the process of finalizing our plans and anticipate breaking ground by late summer,” Leibowitz said.
Leibowitz said “site conditions” contributed to the delay. He declined to offer specifics.
“Development takes a long time,” he said. “That’s the nature of this business."