A co-development was proposed a few months ago for the SoBro area of Nashville. This mixed-use office building will take over a 24-story location south of Broadway. It will be directly across from the amphitheater and the park, which are being built on the riverfront.
Developer C.B. Ragland Co. from Nashville and developer Hines from Houston plan to create a 375,000 square foot building, which could bring as many as 1,500 workers to the Nashville area. The designs were put up for review back in March.
This mixed-used building could be started in the third quarter of 2015. The plans show the building wrapping around the historic C.L Ligget Building. It will also include a parking garage.
This development is one of many happening in the SoBro area. A few of the projects underway already include the Bridgestone Americas' new corporate headquarters building, a 24/7 diner and a new apartment tower.
Another big development was announced in late February from an Ohio-based developer called Lifestyle Communities. They paid $850,000 for land located at 716 Third Avenue South, which is across from the Howard School Office Complex. The company plans to expand their Nashville presence with the land. They plan to build a new apartment development on the land.
Lifestyles Communities is also working on plans for a 450-unit mixed-use building for land on Second Street North and Madison Street. This development will be called LC Germantown and will take up about 4.7 acres of land.
With so many new projects in the works for the SoBro area, many new residents could be coming to the neighborhoods very soon. Jobs will be on the way with the new mixed-use project, along with some of the other projects. The area is prime for development and other new projects may be announced soon.
The Ashton Real Estate Group of RE/MAX Advantage
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