It’s not often we talk about commercial real estate here, but when a project has the potential to help transform an entire neighborhood, it’s certainly worth noting. In case you missed it, reports surfaced last week about a new $37 million mixed use project making its way to the already popular Hillsboro Village neighborhood.
The project, which is being developed by Atlanta-based Summit Management Corp., is expected to break ground sometime in the fourth quarter and will include 47 apartment residences, a 200-car parking garage, ground-floor retail, and what’s being described as a millennial-focused hotel that will specifically appeal to budget-savvy travelers.
The building itself is being designed by Nashville-based Manuel Zeitlin Architects and Memphis-based Bounds and Gillespie Architects, while its location is directly on the southeast corner of Belcourt and 20th Avenue.
With both Belmont University and Vanderbilt University situated nearby, the project certainly makes a lot of sense, especially at a time when the Nashville rental market is red hot and showing no signs of a slowdown anytime soon.
As for the hotel, which is being called the Moxy Nashville/Vanderbilt Hotel, expect rooms to be smartly designed and ultra tech-savvy, with other features including a large check-in area with a bar (which includes a complimentary drink); motion sensor lighting; Internet TV that included Netflix, YouTube, Hulu, Pandora, and Crackle; free Wi-Fi; and a 24-hour self-service food and beverage program.
According to reports, the hotel should be ready to open in early 2018, with the apartment residences likely on a similar timeline.