NASHVILLE, TN—Capstone Land Sales facilitated a LIHTC development site in Nashville’s rapidly developing Bordeaux neighborhood.
Capstone’s Austin Heithcock, Adam Klenk, Tyler Mayo, Jordan Arand, and Jonathan Hawks represented the owner, Property Cap LLC, in the transaction.
“We’re thankful for the input and insight Councilmember Toombs brought to assist in meeting the community’s needs,” said Chuck Paetz with The Venture Group representing Property Cap LLC. A local development partnership led by Woodbine Community Organization will build a mixed-used development anchored by 250 mixed-income apartment units.
The development site is positioned in the path of growth, with numerous local and national developers already securing land in the area for future projects. While only single-family and moderately dense projects currently occupy this corridor, numerous high-profile, mixed-use projects are approved and under construction.
Additionally, the development site is equidistant from two of Music City’s most utilized greenways and park spaces. Less than half a mile north of the site is the Whites Creek Greenway connecting Hartman Park and the Joseph Brown Mullins Park, and on the other side of the Cumberland River lies the Ted Rhodes Golf Course and Field Complex and the Cumberland River Greenway. With over 12 miles of paved greenways, 200-acres of greenspace, and a golf course all within a mile of the site, future residents will benefit from the variety of recreation options in the immediate area.