Monarch Alternative Capital in partnership with GBT Realty has purchased an 8-acre development site in Nashville, Tenn.
The development site, located in the Midtown submarket of Nashville’s central business district, is currently zoned for 1.75 million square feet of mixed-use real estate. Currently the location of the Beaman Toyota dealership and directly west of Interstates 40 and 65, the site provides immediate accessibility to key destinations and areas including the Gulch, Music Row, Vanderbilt University, and Downtown.
Monarch and GBT believe the unparalleled opportunity to invest in a premier development site in Nashville will support the city’s focus on smart expansion through infill of underutilized property within the urban core. Currently zoned as a Mixed-Use Intensive Alternative, the site allows for the possible development of residential, retail, hospitality and office use. This development project is well positioned to address the demands of the stro
