Beach Company - 6th and Lea

The Beach Company, headquartered in Charleston, SC, announced the acquisition of 1.25 acres at the corner of 6th Avenue South, and Lea Avenue in downtown Nashville, Tennessee.

The property is between Peabody Street and Lea Avenue, in SoBro, less than two blocks from Nashville’s Music City Center convention facility.

The acquisition consists of two parcels, one at 516 Sixth Avenue South, currently home of an AmeriSite storage facility, and the other at 512 Lea Avenue. The Amerisite Sixth Avenue Storage business will continue operations.

Future plans for the site call for approximately 250-unit multifamily rental community, 5,400 square feet of complementary commercial space, and a parking garage. A complete amenity package for residents will include a clubroom, commercial quality fitness center, and rooftop pool. The architectural plan will maximize the views of downtown Nashville and Gulch skylines. Construction is expected to begin in late 2015.

The project is on the south side of Nashville’s booming SoBro neighborhood. A new hot spot for entertainment venues, dining, and big business, Bridgestone recently announced a 30-story headquarters in SoBro. City Winery, a music venue and working winery opened at 609 Lafayette Street in October 2014, and it is rumored that Hard Rock Café is coming to 174 3rd Avenue.

According to Beach Company CEO John Darby, “Nashville and SoBro hit the sweet spot for the kind of location young professionals are seeking. The Beach Company is a pioneer in upscale apartment living in hot downtown neighborhoods across the southeast. From the well-established CanalSide Lofts in Columbia, SC, – to South Ridge, on the verge of opening in Greenville, SC, there is an undeniable preference for apartment living in walking distance to work and entertainment.”

The future development has frontage on two major roads including 6th Avenue, and is convenient to I-40, to the south. It is a half-block off of Lafayette Avenue, one of the major arteries into downtown from the East and South.

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