East Nashville Project Receives $19M Loan

High View Cottages and Flats. Image courtesy of EOA Architects, PLLC, with rendering by Frost…

High View Cottages and Flats. Image courtesy of EOA Architects, PLLC, with rendering by Frost Visualizations

Core Development has received a $19.3 million construction loan for High View Cottages and Flats, a 163-unit community in Nashville, Tenn. Reliant Bank is the lender, according to Davidson County records.

The property will encompass 88 for-sale condos in two buildings and 75 individual cottages. The unit mix will have studio, one- and two-bedroom floorplans between 668 and 1,240 square feet. The cottages will have two- and three-bedroom floorplans, ranging from 1,412 to 1,998 square feet. The amenity package will include a conference room, gym, pool, outdoor grilling station and pet park.

The site for the EOA Architects-designed project is an 11-acre parcel at the intersection between East Trinity Lane and Edwin Street in East Nashville. In 2015, the developer acquired the land for $1.4 million from a private investor.  The location is 1 mile east of Interstate 24 and 4 miles northeast of the city center.

Additionally, the property is 5 miles from The Pearl, a 50-unit community which recently received a $12.8 million construction loan. Clearbrook Holdings Corp. will use the funds for the development of the property’s second phase, which will add 108 units across the street from the existing apartments.

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