Two Nashville-based entities are hoping to reinvent a site at the Charlotte Avenue intersection many feel is the epicenter of the Sylvan Park commercial district.
Stonehenge Real Estate Group plans a four-story, 171-unit apartment building to sit on the northeast corner of the Charlotte and 46th avenues intersection. Relatedly, Austin Ray, working with Spiva Hill Investments, wants to develop a retail building to the east of the Stonehenge building and running along Charlotte. That building could contain up to five retail spaces.
Eighty percent of the apartment units will have one bedroom, while the other 20 percent will be two-bedroom units.
Neither Ray nor Stonehenge officials could be reached for comment.
To the east of the building Ray hopes to develop is neighborhood bar M.L. Rose, of which Ray is an owner. The site was formerly the home of the historic Charlotte Avenue Church of Christ, the demolition of which — and a failed attempt to develop a Rite-Aid building on the parcel — drew much media and citizen attention.
Stonehenge is developing multiple apartment buildings in the city, including 23Hundred at Berry Hill, Opus 29 and Artisan on 18th.
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