Real Estate News Round Up: September 6, 2013

This Week in Tennessee’s Real Estate News:

Nashville Condo Market Making Comeback

The Tennessean :: Written by Getahn Ward :: September 1, 2013

With the condo market in a slump roughly five years ago, units at several Nashville-area properties were being sold at sharply discounted prices, including many through auctions.

Now with inventory levels low, the down cycle has bottomed out and resale prices for some of those units are on the uptick. The recovery hasn’t hit every property yet, but the growth reflects some buyers’ willingness to pay more for high-end living in Nashville as the city’s national profile rises.

Consider Andrew Bettis, who this summer paid $975,000 in cash to fend off two other potential buyers who wanted a corner condo on the 15th floor of The Adelicia in midtown Nashville. That set a record per-square-foot price…

Read More: Nashville Condo Market Making Comeback

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Unique Germantown Project Promises Old-Fashioned Sense of Neighborhood

The Nashville Business Journal :: Written by Nevin Batiwalla :: September 4, 2013

Nashville’s first cohousing community will break ground this afternoon.

Germantown Cohousing, a 25-home condo community at Fifth Avenue North and Taylor Street, is expected to take 9 to 12 months to complete.

What’s different about co-housing?

Instead of a developer leading the development, future residents initiated, designed and partially funded the project…

Read More: Unique Germantown Project Promises Old-Fashioned Sense of Neighborhood

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Brentwood’s First Condos on Track After Delays

The Tennessean :: Written by Bonnie Burch :: August 26, 2013

BRENTWOOD – Drivers passing by Brentwood’s soon-to-be first condominium project on Centerview Drive finally should begin to notice the actual residential buildings rising next to the already erected parking garages soon.

After a slowdown when the developer switched contractors and an abnormally wet summer, Tapestry construction work is getting busy again.

“Everything is rocking along. The foundations for the residential buildings are there now and we’re pouring the concrete slabs. We’ve been doing…

Read More: Brentwood’s First Condos on Track After Delays

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