Click Here for Offering Materials: 83 Freight
Capstone Apartment Partners is pleased to present 83 Freight , an 83-unit development situated in Nashville’s hottest development-filled and newsworthy neighborhood, Wedgewood-Houston. Amidst Music City’s current gentrification wave, prospective buyers are not only offered the opportunity to acquire a one-of-a-kind and eye-catching asset constructed primarily out of shipping containers, but also capture Opportunity Zone tax savings by transacting prior to Certificate of Occupancy issuance. The project is slated to be delivered in phases, with building 1 achieving rent ready status at the beginning of Q2 2020. Buildings 2 and 3 are expected to be completed by June 2020 and August 2020 respectively. Once lease-up is complete, ownership will benefit from organic rent growth as other highly anticipated projects in the immediate neighborhood begin to take shape. These include 300,000+ square feet of office, 100,000+ square feet of retail, hotels, & concert venues, and most noteworthy, the massive Mixed-Use Fairgrounds Redevelopment anchored by the Nashville SC’s future stadium and Apple Music in a neighboring office redevelopment.