Argosy Real Estate Partners Acquires Opportunity Zone Site for Apartment Development in Nashville
We are pleased to announce that Argosy Real Estate Partners has closed on the off-market acquisition of the land for the ground-up development of a 108-unit multifamily property located on an urban infill site in the Edgehill neighborhood of downtown Nashville, TN. The site is located within approximately one mile of the $1 billion Nashville Yards mixed-use development, which will feature Amazon’s new one million square foot Operations Center of Excellence.
Edgehill is one of Nashville’s most sought-after residential neighborhoods due to its proximity to major employers, selection of high-end housing inventory, walkability to the Gulch and Music Row, and adjacency to the region’s major highways. The investment provides for the opportunity to deliver a boutique Class A multifamily property in a premier location that is well-positioned for long-term appreciation, while also taking advantage of the benefits of investing within a Qualified Opportunity Zone (“QOZ”).
The property will be developed in partnership with CA South and The Bradley Development Group, experienced Nashville-based urban infill developers. CA South and The Bradley Development Group have previously completed several residential development projects in the Edgehill neighborhood. The partnership has engaged an affiliate of The Bradley Development Group, Certified Construction Services, to be the Project’s general contractor.