Nashville-based Core Development Services has closed on the $2.5 million purchase of 4.8 acres of Wedgewood-Houston property on which it plans a live-work project with a mix of light manufacturing, artisan and residential spaces.
The sellers were Arden and Mark Bowman.
Core, which hopes to begin full-scale work on the South Nashville site in spring 2015, now controls 7.3 acres total for its project. The company has a specific plan zoning on the site, which is bordered by Martin Street on the east, Merritt Avenue on the south and Hagan Street on the west. The SP will allows Core to construct up to 490 residential units and offer 80,000 square feet of commercial space.
Core has enlisted Hawkins Partners (land planning), Smith Gee Studio (architecture) and Civil Site Design (engineering) for the effort.
The land sits south of Herschel Greer Stadium and west of the Fort Houston creative complex in a part of South Nashville that is gaining redevelopment momentum and known for being home to various creative businesses and individuals.
“We are pleased to [soon] begin work on this new project in the Wedgewood-Houston neighborhood,” said Mark Deutschmann, Core president. “Core Development hopes to make a significant contribution in the next few years in this community. We have been working with South Nashville Action People, Councilwoman Sandra Moore (in whose District 17 the property sits), the Metro Planning Department and many local artists and makers as we have worked through the zoning and SP process, and we thank them all for the support. We are excited with the possibility of adding to the vibrancy of what already exists in this unique location and setting.”
The Nashville office of Reno & Cavanaugh handled the transaction.
Read more here about the project, for which Core has yet to release detailed renderings.
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