$75M luxury apartment project planned for Gulch
A Nashville developer has 1.8 acres in the south Gulch under contract with plans for a $75 million high-rise building with 330 luxury apartment units.
Crescendo will be the name for a 23-story building that Division Street Land Partners LLC, which is led by Nashville developer Travis J. Kelty, plans for the property. The site at 641 Division Street currently serves as the home for Myers Flooring.
In addition to the apartments, the project would also have space for ground-level retail shops and restaurants, along with an attached 600-space parking garage. The total building would top 350,000 square foot.
Construction is expected to start by year's end with completion expected in late 2016, Kelty said.
The existing building is expected to be torn down, with Myers planning to build a new showroom on the remaining 1.2 acres on the west side of the property.
"The design of the building will be consistent with other mixed-use buildings in the Gulch," Kelty said, adding that design schematics is now underway, and should be available within a month.
Crescendo's project team includes two companies that were also listed on the team for Strings general contractor Roy Anderson Corp., a division of Tutor Perini Corp. of Gulfport, Miss.; and lead architect Rick Standard of KPS Architects of Atlanta.
Gresham Smith and Partners of Nashville is the civil engineer for Cresendo, while Bone McAllester Norton of Nashville is the law firm for the project.
Kelty's Impakt Commercial will manage leasing for the retail and restaurant spa be at Cresendo, Brian Taylor of Karr Commercial is the real estate agent representing Division Street Land Partners in acquiring the property.