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…
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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…
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…