The new owner of 5th and Main will try to Auction 25 of the remaining empty condos in this development on November 5th. Minimum bids start at $95,000 for the smallest one bedroom units and will go as high as $290,000 for the largest three bedroom units. These units were originally priced at $180,000 – [...] Read more »
Velocity Condos Selling to Real Estate Investor
The Nashville Business Journal is reporting that the Velocity Condominium Development in The Gulch is scheduled to be sold to an Atlanta-based investor. Last June, the owners of Velocity conveyed the rights and interest in the 223 unsold units and retail space back to the lender for the project. A deed in lieu of foreclosure is the [...] Read more »
5th & Main Condo Sales Re-Start In April
This story is a follow-up to an article written about the foreclosure sale of 5th & Main Condos in East Nashville. They were recently auctioned for $11.2 million and purchased by ACG Equities. The property, located in East Nashville, is just across the river from downtown. The development sold 9 condos and rented out sixty percent of the other units since [...] Read more »
New Mixed Use Development in Nashville
The Nashville Business Journal is reporting that Health Care REIT has purchased two parcel totaling more than 12 acres at 3000 Charlotte Avenue in Nashville. The December purchase gives the investment company a total of 16.4 acres of land at that location at 28th Avenue and Charlotte Avenue. The company plans to file a request [...] Read more »
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