Skyline Apartments

Skyline Apartments

Nashville, TN
Under Contract
  • Property Type: Development/Land
  • Property Size: / 8.72 Acres / 375 Units

Overview

Capstone Land Sales is pleased to present the Skyline Apartment sDevelopment Site, located just north of Metro Center and downtown Nashville, Tennessee, along the West Trinity Lane corridor. Current ownership has completed the rezoning process necessary to allow the construction of 375 units on the 8.72-acre site, thereby providing time and monetary savings on predevelopment costs and efforts. The 375-unit, mid-rise product will see exceptional lease-up and tenant demand due to the project's proximity to the jobs and amenities in Nashville's urban core. Since 375 units would require mid-rise construction, the sellers have provided a slightly modified site plan that allows 250–280 units; initial conversations with city officials suggests this plan satisfies their requirement.

Furthermore, the West Trinity Lane corridor's prime location has recently caught the eye of developers. There are several large-scale projects in the planning and predevelopment stages that will catalyze the submarket's redevelopment. This project activity is most evident when looking at the submarket's rapidly growing single-family infill market. This shovel-ready site within a high-profile corridor allows prospective developers to be early movers at the heart of Nashville's next gentrification front and profit from the demand and cost savings accompanying this opportunity.

Contact Information

Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Austin Heithcock Investment Sales Advisor P: 615.477.1971
O: 800.746.3175 ext. 721
h.austin@capstone-companies.com
Jonathan Hawks Investment Sales Advisor P: 706.372.4177
O: 800.746.3175 ext. 717
j.hawks@capstone-companies.com
Tyler Mayo Investment Sales Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
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