Nashville's Evergreen Real Estate and Solomon Builders on a $40M Joint Venture

According to a recent news release, Nashville-based Solomon Builders and Evergreen Real Estate are joining together to build a luxury apartment at Seven Springs Way i...

Nashville's Evergreen Real Estate and Solomon Builders on a $40M Joint Venture Close
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Nashville's Evergreen Real Estate and Solomon Builders on a $40M Joint Venture

Posted by Gary Ashton: RE/MAX ADMIN on Monday, September 24th, 2012 at 8:48pm.

According to a recent news release, Nashville-based Solomon Builders and Evergreen Real Estate are joining together to build a luxury apartment at Seven Springs Way in Brentwood that is valued at $40 million. The projects, which have yet to be named, will have two four-story buildings with a total of 280 units. With an estimated investment amount of $143,000 per unit, the apartment is expected to be completed by fall next year.

Situated at 300 Seven Springs Way, the investors and buyers of the apartment project will have a choice of either a one or two-bedroom unit that promises nothing but modern and stylish designs that have stainless steel appliances and granite countertops. A fitness area, swimming pool, business center and abundant surface level parking are among the featured amenities.

According to Solomon Builders principal Greg Turner, “ Apart from having lots of natural light and spectacular views, the apartment is also strategically-located, offering connectivity and convenience to its owners. It's situated within a first-class community of offices and condominiums, and is also within striking distance from a variety of retail stores and restaurants at Franklin road and Maryland Farms office park. It's definitely fit for those young professionals.”

Apart from the apartment, Solomon Builders also has stakes in other development projects within the Seven Springs Community, the most notable of which is the 206,000 sq. ft. Lifepoint Building. With a 280,000 sq. ft. parking garage, the building is set to be tallest structure in Brentwood.

Evergreen Real Estate principal Aaron White shares how excited they are about the project, especially since the two parties have already worked together before, on the Germantown's Werthan Lofts. He shares, “We are looking forward to working with Solomon Builders again as they have proven their commitment to develop projects of premium quality. The new apartments will definitely be among the best you'll see in the area and we believe demand will soon pick up.”

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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