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1425 4th Ave – Multifamily (Pre-Development)

Portfolio Asset

Name 1425 4th Ave – Multifamily (Pre-Development)
Type Real Estate

Description

The 4th Avenue South Development is located in the Wedgewood-Houston neighborhood of Nashville where the sponsor has plans for a 129-unit, mid-rise multifamily development. The sponsor acquired the land in November 2021 on an off-market basis, providing a compelling land basis of under $100 PSF.

The property is located in a Qualified Opportunity Zone and is less than 1.5 miles to downtown Nashville and nearby popular breweries, restaurants and nightlife. The property is also near the new MLS Soccer Stadium and less than half a mile from a major commercial redevelopment project bringing 200,000 SF of office, hotel and retail space to the neighborhood.