Welcome to Deal Dash, our weekly news roundup highlighting some of the commercial real estate dealmaking across Greater Nashville. We aim to showcase a cross-section of recent property sales, proposed developments, construction loans, leases and other activities.
- Franklin-based Chartwell Residential this week completed the first phase of Chartwell Commons at Beechcroft, a 124-unit rental home development in Spring Hill. The first phase includes 52 homes, and the entire development is expected to be complete by the end of this year. “This built-to-rent model is a direct reflection of people’s desire to live in upscale neighborhoods without the commitment of long-term investment,” Will Schaedle, partner at Chartwell Residential, said in a press release. “We are confident Chartwell Commons residents will be pleased with the new community.” The company has several other development projects throughout the region including Chartwell at Marathon in Nashville and Chartwell Commons at Green Lea in Gallatin.
- The Franklin Special School District started construction on a new 38,400-square-foot office building on June 21. The new building will house the district’s central office staff on two levels, and includes multifunctional space for school board meetings. It will also include an open-air courtyard and a 2,800-square-foot assembly space with integrated audiovisual technology. “Having all our district staff in one place will improve efficiency and communication as well as foster our organizational community as we continue to do the important work of providing a world-class education for our students,” David Snowden, the district’s director of schools, said in a press release. Brentwood-based Wold Architects and Engineers provided design and construction administration services on the project and Franklin-based Nabholz Construction is the construction manager.
- The Nashville office of construction firm Skanska USA recently graduated eight trade partner firms from its Construction Management Building Blocks Training Program. The program introduces minority and women-owned companies with various business management tools and provides training in construction business management, as well as networking opportunities. “We have graduated a wonderful group of talented business owners who we believe are now well positioned to continue to take part in Nashville’s incredible growth and opportunity,” Alisha Wix, supplier diversity manager at Skanska, said in a press release. “Skanska’s CMBB program has played an integral role in spurring economic development and supporting minority, women-owned and disadvantaged business enterprise trade partners.” The graduates are: Clifton Collett, of The Cleaning Ladies; Ebonee Lumpkin, of Lump Dump Trucking; Francina Bryson, of 5StarAmenity LLC; JuJuan Austing, of A&J’s Home Improvements LLC; Xaviar Daniels, of OmniPresent LLC; Brian Frierson and Cornick Whiteside, of Beyond Cleaning and Service LLC; Kendrick Gibson, of Gibson’s Janitorial Services LLC; and Latha Ponnappa, of Customized Landscaping & Specialty Consulting.
- Real estate investor Rusty Dunn paid $825,000 for a 2-acre commercial property in Madison, Davidson County Records show. The parcel at 1425 Gallatin Pike is near two plots of land on which developers are planning residential projects with 676 apartment units collectively. Dunn bought the land from a Rhode Island-based LLC that paid $770,000 for it in June 2021. Charleston-based Greystar Real Estate in May paid $3.7 million for the neighboring property, 1401 Gallatin Pike, and has secured a $49.3 million construction loan to build a 292-unit apartment project. The company is also building a project, Birchway Rivergate, at 110 One Mile Parkway, which will have 384 units.