At a time when the rental market is red hot and interest in Nashville real estate in general seems to be as high as ever, downtown’s SoBro neighborhood is in the midst of an incredible transition that will bring an abundance of new apartments, office space, hotel rooms, and even condos to the area.
As it sits, the Pinnacle at Symphony Place office tower, a 33-story apartment tower, and an additional 25-story office tower are all either planned or already underway here in SoBro, and according to reports, a real estate investor from Michigan is leading the way to develop a $300 million project that would involve apartments, condos, and more hotel rooms.
The site in which this mega-development could be built is located at 150 2nd Avenue South near Second Avenue South and Demonbreun Street, and happens to be where one of Nashville’s oldest apartment buildings sits—Market Street Apartments.
For now, early plans show the project would consists of 180 luxury hotel room, between 160 and 170 condominium residences, and somewhere in the neighborhood of 300 apartments, although the final number is likely to be under 300 units.
Developers involved in the project are promising something spectacular, describing the final product as something where everybody will want to live. And in a Nashville neighborhood that’s already home to the new Ascend Amphitheater and plenty of other fabulous attractions and new projects in the works, reaching that lofty goal may just be easier than in any other part of town right now.