Full-scale on-site work is slated to begin in early February on what likely will be the first mixed-use building constructed since 2006 within three blocks of East Nashville's popular Five Points district.
To be called Farrow at Five Points and located at the southeast corner of the intersection of Russell and South 10th streets, the building will feature 16 for-purchase residential townhouses and three commercial spaces. (The site is seen in the center-left portion of the below image courtesy of Google Maps. A small building, once used to house a women's health facility, is seen below the "Russell St" and has since been razed.)
Hybrid Phoenix Holdings, which bought the land in April for $950,000 and is overseeing the project, recently began preliminary on-site infrastructure work, according to Giachery Lizarraga, the boutique development company’s director of development.
Of note, Farrow at Five Points will be the first mixed-use project undertaken in or near the epicenter of the vibrant east side district since Martin Corner GP developed in 2005-06 the 37206 Building, which is located at the northwest corner of the Fatherland and South 11th streets intersection.
Lizarraga, who is teaming with Yancy Lovelace, director of operations, on the project, said the team considered townhomes only before deciding mixed-use would be optimal.
“Mixed use is a true urban model,” he said. “This will be good for the community.”
Hybrid Phoenix Holdings has enlisted Nashville-based Root Architecture (stylized as rootARCH) for design work. Lizarraga said the team (which will use its own Hybrid Builders as general contractor) wanted to provide a modern interpretation of the typical brownstones found in historic districts in various U.S. cities. The exteriors of the Farrow at Five Points row homes will consist primarily of brick with accents of wood siding, steel and cement board.
“The contemporary design will appeal to the eclectic and creative folks of East Nashville,” said Lizarraga, who added the developer is working with Franklin Synergy Bank for financing.
Farrow at Five Points will not be located within the Metro Development and Housing Agency’s Five Points Redevelopment District. As such, Hybrid was not required to receive MDHA Design Review Committee approval for the exterior design.
For the project, six two-story townhomes will front South 10th Street and span approximately 1,500 square feet with two bedrooms and 2.5 baths. The units will offer rear surface parking access via an alley and, in their backs, a shared pedestrian courtyard.
The courtyard will connect to Russell Street via a breezeway running on either side of commercial space.
The other 10 residences — four of which will face Russell and six of which will address the courtyard, each will be three-story, three-bedroom units with approximately 1,700 square feet and two-car garages.
All units will have rooftop decks, with the first homes to be available in mid-summer 2014, Lizarraga said.
The commercial portion of the development will have a large space at the corner of Russell and 10th (spanning about 3,500 square feet over two levels) and two 1,500-square-foot micro spaces that face Russell Street.
Since the late 2006 opening of the 37206 Building, there has been minimal new construction undertaken on sites within three blocks of the Woodland Street/11th Street/Clearview Avenue intersection that creates Five Points. The most recent project to start is 1100 Fatherland, a retail building that sits catty-corner from the 37206 Building. Martin Corner GP is also developing that building (read here).
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