Downtown Nashville residential tower The Cumberland is undergoing major interior and exterior renovations that, when finished, are expected to yield a very different looking building inside and out.
New York Life, which created Cumberland Apartments LLC for ownership purposes, owns the bulk of the tower and has its manager, Riverstone Residential Group, assisting in overseeing the upgrades.
Rich Fernandez, Nashville-based regional manager with Riverstone, said Cumberland Apartments LLC currently is discussing upgrade options on the building’s 256 apartments, an effort that could cost up to $3 million. In addition, the owner plans to spend about $1.6 million for improvements to the lobby and common areas on the main floor.
Most of The Cumberland’s units are rental, with the top handful of floors offering condos.
“The interior [rental] units will undergo a fairly extensive upgrade involving appliances, fixtures, cabinets, granite countertops and flooring,” Fernandez said.
Regarding the exterior, The Cumberland has long offered a color palette of a dark brown base and a beige tower. The new-look building will feature a dark gray base and a tower with alternating white (for the patios/balconies) and medium gray tones. Southern Preservation Systems is handling the painting, for which Cumberland Apartments LLC is not disclosing a price.
Fernandez said the exterior paint job should be finished by the end of October, with a goal of completing the interior work by year’s end.
The 23-story Cumberland opened in 1999 and rises 269 feet. It is one of Nashville’s 25 tallest buildings.