Two of Nashville's most high-profile recently opened apartment buildings are for sale, with their possible changing of ownership hands poised to set price records.
Nashville Business Journal reports that Southern Land Co. placed its Elliston 23 (pictured) on the market Wednesday, joining Vista Germantown, which various commercial real estate sources said was put on sale during the past week, according to the publication. Ohio-based Associated Estates Realty Corp. owns Vista Germantown.
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Elliston 23 — the only combination residential/retail building located on the storied Ellison Place — is ready for its first tenants, with developer Southern Land Co. having opened a leasing office in the building.
To date, the 331-unit E23 (see photo below) is 20 percent preleased. The Midtown-based building’s first residents moved in earlier this week.
Work began on E23, which rises six stories, began in late 2011. The building’s ground- level spaces houses 15,000 square feet of retail space. Southern Land has not announced a retail tenant as yet.
“The delivery of our model units will be very beneficial in showing prospects the level of detail and finish that has been implemented in developing E23,” Michael McNally, Southern Land vice president of multifamily development, said in a release. “We are looking forward to a productive summer.”
E23 is located on 2.7 acres, with its dominant section fronting the northeast corner of the Elliston Place and 23rd Avenue intersection. The site formerly was home to Father Ryan High School.
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