Franklin-based developer Trust Development LLC is hoping to break ground in early 2014 on a European-design-influenced residential project to sit at the northeast corner of Seventh Avenue and Monroe Street in Germantown.
Jim Creason, Trust Development principal, said the development will offer a nod to Flemish architecture. He envisions between nine and 15 residences, depending upon zoning considerations.
“We have to be very mindful that we’ll need a contemporary interpretation of that architecture based on the [Metro Historic Zoning Commission] guidelines,” Creason (pictured) said. “We’ll have to adjust. And we will, of course, want to spend quality time with the neighbors to make sure that we give them opportunity to provide feedback.”
Creason said he will use Grant Hammond’s Metropolitan Brokers (for sales and marketing), F&M Bank (for financing) and RootARCH (for design) for the infill project, for which a name has not been decided.
Trust Development paid $562,000 for the site (seen in right corner in the below image courtesy of Google maps), which had been slated for a development that would have incorporated a very contemporary design aesthetic. That project never gained traction as it was stalled by the Great Recession.
Relatedly, Creason announced earlier this week he is targeting a May groundbreaking for the Luxus Germantown, a high-end six-unit residential development that will anchor the southeast corner of Fifth Avenue and Monroe. (Read more here.) “Luxus” is German for “luxury.”
Trust Development is also the developer of Fifth & Garfield, an eight-home infill development in Salemtown featuring three-story townhomes with very traditional designs. (Read more here.)