Phoenix-based Alliance Residential Co. today announced a second quarter 2016 completion date and released a rendering for its Broadstone Germantown luxury apartment building under construction in Germantown.
The five-story building, which will offer 276 units and ground-level retail space of about 5,000 square feet (targeted for a restaurant), will be bordered by Madison Street on the north, Second Avenue on the east, Jefferson Street on the south and Third Avenue on the west. (See the site here courtesy of Google Maps.)
Texas-based Meeks + Partners is the architect.
In a release, Alliance Development Director Andrew G. Steffens said Broadstone Germantown will appeal to Nashville’s fast-growing millennial community.
“Alliance Residential is excited to enter the Nashville market with a big splash,” Steffens said in the release. “The moment a resident steps inside their new home, they will experience luxury apartment living at its finest complimented by unique and highly amenitized facilities that encourage community and activity within the Germantown neighborhood. Nashville is an important and well-known market to us, and we have gone to great lengths to create an asset that fits the fabric of this historic community.”
Broadstone Germantown will feature a swimming pool with private cabanas, in-pool lounge seating, a swim-up bar and a rooftop sky deck with views of the Nashville skyline and Bicentennial Capitol Mall State Park. The sky deck will offer a 4,000-square foot entertaining area with a bar, fire pit, sun deck and indoor bocce ball. At night, the space will double as a small live music venue with a stage, lighting and sound board.
Broadstone Germantown will be Alliance’s first Nashville project. The company is targeting other sites in the city — including a property on Franklin Road that straddles Berry Hill and Melrose — for additional infill developments.
(Image courtesy of Alliance and Meeks + Partners)
Alliance Residential Co. has landed a $11.3 million permit to construct a parking deck and garage for its Broadstone Germantown project now underway in the fast-changing North Nashville district.
In November, the Phoenix-based developer closed on the $5.15 million purchase of Germantown property — bordered by Second and Third avenues on the east and west, respectively, and Madison and Jefferson streets on the north and south, respectively.
Broadstone Germantown will be a five-story 276-unit apartment building with ground-level retail.
Read more here.
For Germantown, the projects keep coming. And then some.
The Tennessean reported Wednesday that Phoenix-based Alliance Residential Co. plans to buy 2.6 acres in the fast-changing district and develop a five-story, 275-unit apartment building with a restaurant space at street level.
Alliance hopes to break ground this fall on what will be called Broadstone Germantown, which will be bordered by Madison Street on the north, Second Avenue on the east, Jefferson Street on the south and Third Avenue on the west. A construction completion is eyed for 2016, the morning daily reports.
With Broadstone Germantown, the fire-hot north side district now has nine multi-residential-unit buildings (most large-scale and some with retail to be included) proposed and three under construction. In addition, three adaptive reuse projects are planned. And another major project that has yet to be reported (details forthcoming) almost certainly will materialize.
Given the Germantown confines span a mere approximately 30 square blocks, the 16-project number is unmatched by any other mixed-use district not located within downtown Nashville’s borders. In fact, the city’s three other most prominent non-downtown mixed-used districts — 12South, Five Points and Hillsboro Village — might not boast (depending upon how you define their geographic borders) as impressive a collective combination of projects as does Germantown.
More noteworthy, and notwithstanding comparing the size and scope of projects, Germantown is giving bustling downtown nodes SoBro and the Gulch some stiff competition.
Lastly, if you include (and we will do so with this blog post) the adjacent Sulphur Dell — with First Tennessee Park underway and the start of no fewer than four major buildings looming — the single-family home construction in nearby Salemtown and Lincoln Property Co.’s 909 Flats now underway on Rosa Parks Boulevard in Hope Gardens, the general Germantown area assumes an even more impressive buzz.
Nashville is hot in general. And Germantown might be redefining that heat.
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