as the city continues its efforts to become more walkable and bikeable and millennials and baby boomers both take the lead in moving into the urban core, there is an increasing demand for more affordable housing options. here are four developments breaking ground this summer hoping to fill that need.
first up, a 7-acre development in the weho neighborhood (wedgewood-houston, fairgrounds area…whatever you prefer to call it) called the finery. core development is at the helm and hopes to start construction on the first two mixed-use buildings, six10 merritt & 1238 martin, in the next 30 days.
in these first phases (both starting this year), there will be townhouses with garages, condos, retail & restaurant spaces, you name it. core has built other mixed-use buildings like 12th & paris (which houses most notably burger up in the 12 south neighborhood). the commercial retail & restaurant aspects being included with these two buildings are easily creating the foundation of this emerging neighborhood, providing walkable/bikeable options. prices on one bedroom flats start at $149,900, two bedrooms at $249,900.
the tennessean reported earlier this month that the average sales price for east nashville zip code 37206 is up 24%. seeing the need, two developers are breaking ground on a larger scale this summer across the river. porter village, a 40-unit development at cahal avenue and porter road, will also be a mixture of condos and townhomes. the condos will be on the porter road side starting in the $100s and be built around a street level coffee shop space. the townhomes will include garages and be priced in the $400s.
sitting on the corner of litton avenue and gallatin road, solo east nashville will be a 130-unit development with one bedrooms starting at $149,900 and two bedrooms starting $189,900. the development will be gated and boasts luxury higher end finishes like granite countertops, stainless steel appliances and 9′ high ceilings. completion is set for spring 2016.
lastly, probably the farthest along of these four, on the west side of the city in the nations is west mill townhomes. this 6-acre 98-townhome community started pre-selling initially under $200,000, the first round should be ready for new homeowners in the fall.