Reports from the Nashville Post earlier this week indicate a large industrial property on an up-and-coming stretch of Charlotte Avenue in Nashville could be converted to residential development sooner rather than later.
As the former home of Madison Mill Inc., the property at 42nd Avenue and Charlotte was recently acquired by Nashville-based Stonehenge Real Estate Group, who could be looking to bring both an apartment building and a collection of single-family homes to the 7.1 acre site.
Noted in the report is that the property has been completely vacant since earlier this year, when Madison Inc. moves to another industrial park in nearby Cheatham County.
For now, no other details about the possible project have been released, although Stonehenge plans to present the project to Sylan Park area residents at a community meeting that’s scheduled for Monday September 28th.
Already under construction across the railroad tracks is a $50 million mixed-use development that will bring 262 apartments, 14cottage homes, and about 20,000 square feet of retail space to the area, further enhancing the appeal and desirability of the Charlotte Avenue Corridor to both developers and potential residents alike.
In regards to the Madison Mill Inc. site redevelopment, however, stay tuned for further details.