A Mississippi-based developer is planning a 54-unit apartment building at 715 Woodland St. in East Nashville — marking the first large-scale rental residential structure to be constructed within five blocks of Five Points since the popular area's post-2000 emergence.
Arrington Developers LLC hopes to begin by Monday work on the four-story 715 Woodland, which will front Woodland Street across from East Park. The building will feature 32 two-bedroom units, 22 three-bedroom units and a 67-space parking garage. East Nashville Properties LP will own the building with Memphis-based Ledic Management Group LLC to manage it.
The project, a ceremonial groundbreaking for which is slated Aug. 6, is the latest iteration of a Metro Development and Housing Authority-driven effort. Madison, Miss.-based Arrington Developers, which is owned by Dale Lancaster, bought the site from Nashville-based Mikel Hampton, who told the Post he decided to sell his interest in the project.
Arrington, which paid about $1 million for the site, has received, via the Tennessee Housing Development Agency, some federal tax credits for the project. As such, the units will be “affordable,” with residents restricted by a maximum annual income to be eligible to rent.
The project is noteworthy given the general Five Points area, during the past 10 years, has seen the construction of multiple large-scale residential buildings of 20 units or more. However, all those projects — including City View Lofts, East End Lofts, Fifth & Main, MC3 and the 37206 Building — are condominium buildings.
“We see the need for this type housing in East Nashville,” said Kris Ainsworth, Arrington Developers development coordinator and spokesman for the project. “We like the area a lot. We saw the need for quality new urban residential infill.”
Quad States Construction LLC, an Arrington subsidiary, is the general contractor and has hired Brentwood-based Southland Constructors to manage the daily on-site work.
Paul Bass’ Brentwood-based b3studio Inc. is the architect.
715 Woodland will be Arrington Developers’ first Nashville project.