An official with Faison & Associates says the Charlotte, N.C.-based company is on schedule to begin by year’s end full-scale excavation of the Demonbreun Street site that eventually will accommodate a seven-story apartment building.
Steve Smith, Faison managing director of construction and development, said the company has enlisted Nashville-based Beavers Engineering Inc. for core drilling work. He declined to offer a price tag for the geotechnical effort, which has been underway for about two weeks.
Smith said Faison is using Birmingham, Ala.-based Davis Architects to handle design work. Davis is also the architect for Music Row residential project Note 16, West End Park apartment development West End Village and Gulch mixed-used building Pine Street Flats. Relatedly, Nashville-based Littlejohn Engineering Associates is involved in the project.
Smith said the Demonbreun Street building will rise seven floors, with two levels of parking and five for residences. The garage will be made of concrete, while the top five floors will be of wood construction. The primary exterior materials will be brick, cultured modular stone and cementitious siding with metal trim, he said.
Though the building, a name and a price tag for which have not been announced, will not feature ground-level retail, it will offer various pedestrian-oriented elements.
“We are activating the Demonbreun elevation with a fitness center, a yoga/pilates room, a leasing office, resident club/lounge and a cyber café with outdoor seating,” Smith said.
Faison & Associates paid $6.75 million for the 1.5-acre site, purchasing the land in late September from Houston-based Lionstone Group. The latter, a real estate investment group, still owns the property that fronts a portion of the Music Row Roundabout.
(For more information on Faison, see this previous Post story.)
POSTDATA: WARRANTY DEEDS