US-based real estate firm Crescent Communities along with Starwood Capital Group has announced plans to commence construction on NOVEL Edgehill, a new mixed-use multifamily community in Tennessee, US.
Located at 801 12th Avenue South, Nashville, the four- and five-storey apartment home community will comprise 270 studio, one- and two-bedroom apartment homes with urban finishes.
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The project also includes 6,000ft² of retail space, a café from strategic partner, Land of a Thousand Hills Coffee, along with dedicated co-working space.
The amenities of the new development include a rooftop sky lounge and pool deck which will provide commanding views of the downtown Nashville skyline.
Scheduled to begin construction in the coming weeks, the 2.9-acre property was acquired by the real estate firm along with its development partner Pearl Street Partners in January this year.
The project will be located in close proximity to Vanderbilt University and Belmont University.
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By GlobalDataCrescent Communities West Region senior managing director Ben Collins said: “We believe NOVEL Edgehill is a community that will attract residents who want to work and live in downtown, especially the younger more diverse population coming into Nashville for the first time with companies like Amazon, AllianceBernstein, Smile Direct, or EY.
“Our residents will love the walkable nature of NOVEL Edgehill, just steps from three major Nashville entertainment and lifestyle destinations, The Gulch, Edgehill Village, and 12th South.”
Starwood Capital Group has provided the financing for the project which is scheduled to be available for first residences in late 2021.
Additionally, Hawkins and Partners acts as the land planner and landscape architect, KTGY serves as the architect, Manual Zeitlin Architects serves as the local design architect, Kimley Horn as the Civil Engineer, and CID serves as the interior designer for the project.
Furthermore, the real estate firm has announced plans for the construction of Bigby, a mixed-use project in Franklin, Tennessee.
The community will comprise 350,000ft² of Class A office and retail space as well as 330 planned multifamily units.
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Rendering of NOVEL Edgehill multifamily community in Nashville, Tennessee. (Credit: Crescent Communities)
