Argosy Real Estate Partners has closed on the off-market acquisition of the land for the ground-up development of a 108-unit multifamily property located on an urban infill site in the Edgehill neighborhood of downtown Nashville, Tenn. The site is located within approximately one mile of the $1 billion Nashville Yards mixed-use development, which will feature Amazon’s new 1 million-square-foot Operations Center of Excellence.
Edgehill is one of Nashville’s most sought-after residential neighborhoods due to its proximity to major employers, selection of high-end housing inventory, walkability to the Gulch and Music Row, and adjacency to the region’s major highways. The investment provides for the opportunity to deliver a boutique class A multifamily property in a premier location that is well-positioned for long-term appreciation, while also taking advantage of the benefits of investing within a qualified opportunity zone (QOZ).
The property will be developed in p
