Nashville-based boutique development company Trust Development is now in discussions with prospective tenants of what would be Germantown’s first neo-traditional new-construction commercial building.
Relatedly, Jim Creason, Trust Development president, has released a detailed image of the building (see below). Creason, who declined to say when he might break ground on the project, envisions at least one restaurant to operate from the building. Other retail businesses could be in the mix, too, with the second floor to potentially accommodate office space, he said.
The property, which Trust Development owns and on which a garden currently sits, is located at the southwest corner of the Fifth Avenue North and Monroe Street intersection.
“There is a lot of interest in this corner,” said Creason, who currently is undertaking Luxus Germantown across Fifth from the aforementioned site and who developed Fifth & Garfield in nearby Salemtown.
Creason said he has had various levels of discussions with “over five” prospective unidentified tenants.
The building, which will offer a very traditional design, would be distinctive in that Germantown's recently constructed buildings with commercial space lean toward a contemporary aesthetic.
The Metro Historical Commission already had conditionally approved the building’s exterior design. Similarly, the Metro Development and Housing Agency Design Review Committee will need to approve the exterior design.
Creason, who also is planning a Germantown project called Gramercy (read more here) presented the project to the Historic Germantown Neighborhood Association Monday night and said he received positive feedback.
“We continue to be flattered by the positive feedback that we get from neighbors for projects we bring to the area and look forward to continuing to interact with the neighbors and the neighborhood association on this project and on future projects,” he said.
Root Architecture (stylized as rootARCH) is handling design. Bronson Lankford of Lankford Construction will serve as general contractor. Both companies are based in Nashville.
Creason, who has earned high marks from North Nashville residents for what many feel are tasteful and design-sensitive projects, said he will need “appropriate parking arrangements” to accommodate businesses that operate from the planned building. He said he has already had discussions with area property owners involving multiple options related to parking.
In late April, Trust paid $275,000 for the property. The seller was John Horton.
Trust does not need a rezoning to develop on the site.