A Nashville-based developer is planning for East Nashville’s Main Street a four-story mixed-use building that will include the first condominiums to be offered on the bustling thoroughfare since Fifth & Main opened in 2008.
Oak Tree Partners LLC currently is undertaking site preparation work for the project, to be located at 949 Main St. and to include 38 condos and a 5,000-square-foot retail/office space. (See an image, courtesy of Google Maps, of the asphalt-heavy site below.)
K. Clay Haynes, Oak Tree vice president and managing partner, said the development is being driven, in part, by the proposed Amp bus rapid transit system to connect the city’s east and west sides. He is calling the project, for which neither a name nor a rendering is ready for public use, a “transit-oriented development,” anticipating residents will use the 7.1-mile, $174 million BRT line.
“After the demolition is complete, the first thing I'm going to build onsite is an AMP YES! 4x8 sign,” Haynes said. “I believe that we must take this first step forward on transit to allow our city to continue to grow in a smart way. Traffic problems don't go away when they are ignored, and The Amp is critical to help our city and our region remain a great place to live and work. The Amp is a litmus test for this project."
Though the parcel is zoned for mixed-use construction and Metro has approved a site plan, Haynes said much work remains to be done before major construction begins.
“We’re looking forward to continuing to work with Metro Planning on this site,” he said. “The earliest I would want to start full-scale on-site construction would be late 2014.”
Nashville-based Quirk Designs is serving as architect, while Dale & Associates, which is also a local company, is handling engineering and planning efforts.
Oak Tree Partners closed on the $450,000 purchase of the site, which sits across Main Street from fitness facility Gym 5, in mid-2013.
"We really love East Nashville and are excited to move forward with this project,” Haynes said. “It will be a while before we begin construction because we may alter the design a bit. But this project will remain a transit-oriented development.”