We have another apartment complex planned for the area surrounding a new Nashville Sounds (Class AAA; Pacific Coast League) ballpark site in Sulphur Dell.
Llewellyn Development LLC has a contract on 3.3 acres next to the ballpark on a site currenty housing the Nashville Stock-Yard restaurant and surface parking. The plan is for a 300-unit apartment complex on the site, but it’s not clear whether the popular restaurant would be torn down or whether the apartments would be designed to surround it. There is another plan for apartments in the area from Embrey Partners, and the Sounds owners have committed to additional development as well.
With the ballpark for the Triple-A Nashville Sounds set to open next spring, interest in properties nearby is high, including for apartments. San Antonio-based Embrey Partners plans a 290-unit project next to the ballpark site, while Toronto-based commercial real estate company Avison Young just last week paid $53.25 million for the existing Vista Germantown apartments, which are less than a mile from the Stock-Yard.
“If an area is being revitalized and the ballpark is kicking it off, you’re going to expect other amenities like apartments and restaurants,” said Steve Massey, a multifamily broker with CBRE. “There will be a lot of other things that will come in.”
The new ballpark is scheduled to open in the 2015 season.
Rendering courtesy Populous.
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