As first reported by The Tennessean, Nashville-based MiKeN Development and HR Properties recently paid $1.36 million for land currently occupied by The Mulch Co. in anticipation of developing 27 new townhomes and 75 new condos.
Although not many more details have been released about the project, it’s expected that about 20 percent of these units will target home buyers earning 60 to 120 percent of the area’s median income.
In addition to the planned condos and townhomes, 37 more single-family homes and townhomes are also in the works for property that sits directly behind The Mulch Co. property, which was formerly the location of Bellar Auto Parts.
For now, permits are still in the process of being acquired by developers, although efforts to combine a greenway throughout the properties is also in the works, along with builders also having the opportunity to offer a variety of housing types. Part of the project might also include a mixed-use development and there’s also been discussion about incorporating live-work and live-make housing as well.