Midtown site eyed for apartment building sells for $9.47M | Development

Nashville-based mostly improvement organization Chartwell Residential has paid out $9,475,000 for Midtown property on which it is eyeing a 14-tale apartment creating, according to a Davidson County Sign-up of Deeds document.

The seven-parcel residence on which the household developing will increase gives addresses of 1601-1609-1611-1615-1617-1621-1623 State St. The parcels offer a collective 1.52 acres. A two-tale modernist residential building located at 1609 State St. and the moment house to the Gupton household application will need to have to be demolished.

John A. Gupton Faculty was the seller. That entity purchased the attributes at different periods from 1991 to 2018 for a collective somewhere around $2.66 million. The faculty, which was launched in 1946 and focuses on mortuary sciences, operates from a making found at 1616 Church St. and is expected to continue operations.

Of note, Chartwell is underway in Marathon Village on mixed-utilised building The Chartwell at Marathon (study much more here).

Ben Schaedle, Chartwell companion, claimed the business is targeting a year’s conclude groundbreaking for the Condition Road setting up, with a doing work name of The Gupton. Dallas-primarily based JHP Architects is planning the 305-device condominium setting up.

Amenities will contain a pool on the 13th flooring, a health center with devoted outdoor physical fitness region, a lounge and a clubroom/game place.

“Chartwell Household is delighted to announce the purchase [of] land for our future substantial-rise household venture situated in Midtown,” Schaedle mentioned, incorporating the building of the tower need to be finished in late 2024.

Throughout Point out Road, South Carolina-based mostly Woodfield Advancement carries on the advancement of a internet site with a two-developing household task to supply a collective 292 models (examine here).

Also close by, Paul Patel, owner of Midtown Corkdorks Wine Spirits Beer, is entirely underway with a companion structure, a 9-story developing to dwelling a Cambria boutique hotel (read through listed here). Neighborhood businessman Lee Molette designs a two-developing project (Alto and Contralto) in the region, whilst a individual residence is eyed for a combined-use venture (read through in this article), as the Article just lately reported.