Atlanta-based The Residential Group plans to open next month its now-named One MetroCenter Apartments in North Nashville.
Relatedly, the Atlanta-based company has tapped Pegasus Residential, which is also based in Georgia’s largest city, to handle management of the 320-unit apartment building. The property is located at 45 Vantage Way in MetroCenter.
Of note, the four-building One MetroCenter Apartments is the first residential development of its type located east of Rosa Parks Boulevard. Kurt Alexander, Residential Group principal, said a leasing trailer is now on the site.
“We will have our first move-in in the beginning of September,” he said.
One MetroCenter Apartments units will average 881 square feet, considerable larger than the average units found in apartment buildings located in downtown and Midtown. Units will rent for, on average, $1.75 per foot, Alexander said.
The Residential Group, which developed the 244-unit West End Village at the southwest corner of 31st Avenue and Long Boulevard in West End Park, has teamed with Horsepower Realty on One MetroCenter Apartments.
The planned sale of Nashville Superspeedway to locally based NeXovation has fallen through, but NeXovation CEO Robb Sexton says he's not giving up. He says a big reason his team hasn't closed on its $46 million deal is that its lender hasn't followed through and, as such, caused lengthy delays. Now that the Dover deal has expired, NeXovation can look for other funders to back its plans.
"We have invested millions of dollars in the Speedway sales process and we are not going to allow the negative actions of others to deter us from our goal," Sexton said in a statement issued late Friday.
SEE ALSO: Dover's new 10-Q, in which execs say they are in talks with other potential buyers
Nashville-based Bell & Associates Construction has hired Glenn Moreland as preconstruction manager.
Moreland will be responsible for bidding on and negotiating jobs. He has worked in the construction industry for 29 years in preconstruction services, operations management, project direction and business development.
Relatedly, Elizabeth Goodwin has been promoted from marketing coordinator to business development manager.
Goodwin graduated from Vanderbilt University with a master‘s degree in civil engineering with a concentration in construction management.
Rachael Lezon has been promoted from front desk administration to marketing coordinator. Lezon recently graduated from Middle Tennessee State University with a Master of Business Administration degree.
A California human resources consulting firm has signed a lease for 30,000 square feet of Bank of America Plaza office space, writes Tennessean reporter Getahn Ward, and plans to hire 200 people between now and the end of the year. DayNine, which was launched in 2009, runs seven other U.S. offices — including one in Atlanta — as well as in London and Sydney.
DayNine is working with city and state officials on an incentive package tied to its expansion here, Ramos said. The company also looks to work with area colleges and universities and is already talking to other companies about attracting and recruiting more young professionals to Nashville.
Financial services firm Raymond James will next week relocate its West End Avenue office, which is home to about 50 people, to MarketStreet’s Gulch Crossing building on Demonbreun Street. The firm’s local leaders have big plans to capitalize on their new space by beefing up their personnel roster by at least seven financial advisors and their staffs.
“The opening of Raymond James’ office at Gulch Crossing has been long anticipated by our advisors and staff and provides us with much needed space to accommodate the expansion of our already strong presence here in Nashville,” Bill Lynch, manager of the retail office, said in a release.
The West End Raymond James branch has almost $2 billion of client assets under management and has grown from its four advisors in 2006 to the 18 who will make the Gulch move.
Panattoni Development has been issued a $2.52 million permit for interior finishes at its 95,000-square-foot office building being completed at 35 16th Ave. S. in Music Row, according to a Metro Codes Department document.
The building will house the headquarters for performing rights organization SESAC.
Alston Construction is serving as general contractor of the project, with the building standing five stories.
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