A development group that includes HND Realty and the owners of the Nashville Lumber Co. site off California Avenue is seeking a rezoning of that property to allow for at least 100 newtownhomes.
And at 1405 Centennial Blvd., another developer wants a rezoning for a new Dollar General store and an additional 4,800 square feet of retail space on a part of the 50-acre site once home to Bruce Hardwood Flooring.
All three projects are in early stages of planning and are expected to be presented at a neighborhood group’s meeting on Tuesday. They reflect the next phase of redevelopment of the area called The Nations.
After initially buying large lots with one home and tearing them down to build two single-family homes per lot, developers are now targeting commercial and industrial properties for new infill residential and other mixed-used developments.
Neighbors in The Nations welcome the attention but also the opportunity to provide developers with feedback that could determine the shape of these and other projects, said Jeremy Jeter, a Realtor with TN Real Estate Group and co-founder and president of The Nations Neighborhood Association.
“There’s just so much going on in the neighborhood right now that we really have to try to keep the reins on it or it’ll be a hodgepodge of so many different types of things or developments and construction,” Jeter added.
The Nations, which is in West Nashville and also known as Historic West Town, is bounded by Charlotte Avenue, Centennial, Morrow and the railroad tracks near 44th Avenue North.
The group that includes HND Realty requested a rezoning to multifamily residential for the 6 acres that include a 75,000-square-foot building that’s home to Nashville Lumber. On behalf of the developer planning the retail project on 1.9 acres off Centennial Boulevard, civil engineering firm Dale & Associates requested rezoning to specific plan. At the end of this month, Kenner plans to apply for that same specific plan zoning category to allow him to develop the 63 single-family homes at 1208 60th Ave. N.
Next month, the Metro Planning Commission will hear rezoning requests from HND Realty and developers of the retail project to include Dollar General.
Kenner, who was active in the tear-down movement in the area, sees The Nations adding 200 to 300 residential units in the next two to three years. Its proximity to downtown and relative affordability make it attractive to younger families and professionals under age 35, he said. “It’s one the the last places in the core where you can have a turnkey new home for under $300,000, and today’s starter and townhome buyers seem to be attracted to living in urban areas,” said Rick Deckbar, a Keller Williams Realtor.
Until 10 months ago, the desirable area for residential development was between 44th and 51st avenues, he said. Now buyers are showing interest in living on both sides of 51st toward Morrow, Deckbar added. The demand is expanding even as homes in nearby areas such as Sylvan Park have become more expensive.
Deckbar said that while potential buyers would welcome townhomes HND Realty plans, some neighbors might be concerned whether the new homes would undercut some of the redeveloped homes that could come on the market. The new homes would be priced from the $220,000s to the $300,000s.
While the 9,100-square-foot store that the developer is pitching at the proposed Dollar General Nations project might not be atop residents’ wish list for the area, Dale & Associates CEO Roy Dale considers it a natural progression among popular infill projects for retail and other commercial developments to follow and to support residential growth.
“If you want to go to Starbucks, you don’t have to ride to West End if someone builds a Starbucks there,” he said.
The other 4,800 square feet of retail space that’s also a part of Dollar General Nations could also lure new restaurants or other retailers to the area.
“(Dollar General’s) interest in the area speaks volume to its re-emergence and anticipated continued success in growth,” said Deckbar, the Realtor.
To read more of my blog, please visit my website at www.nashvillecondogroup.com.
If you have any questions about this blog, or need help with any part of the real estate process, please feel free to call me. To search for all Nashville condos, homes, and even rentals currently on the market, please go to my search page at www.nashvillecondogroup.com/search.
Pilkerton Realtors – 6157140905
Source: The Tennessean