With a severe shortage of downtown condos available right now, developers are once again starting to eye opportunities that could potentially bring more units to a market that desperately needs them. Most recently, news broke about a possible six-story, 24-unit building that could be developed on a downtown site that overlooks the Cumberland River, just a few block southeast of First Tennessee Park.
Located at 700 First Avenue North to be exact, the project, which is being headed by California and Nashville developer Dennis Devine, will be designed by EOA Architects, and if built, will put residents just blocks from all of Nashville’s hottest entertainment venues and downtown attractions.
The building’s location is also right next to the historic CSX train bridge, which should provide a pretty unique backdrop and almost certainly attract anybody looking to combine a great downtown Nashville location with a equally impressive view. Riverfront Park is also basically right next door to the build site as well, which is yet another nice outdoor amenity that will undoubtedly compliment the building and what if offers.
As of November 17th, the Metro Development and Housing Agency Design Review Committee unanimously approved the concept plan, which is being called Water Tower Condominiums.
Stay tuned for more info as it becomes available.