Real Estate News Round Up: October 4th, 2013

This Week in Tennessee’s Real Estate News:

Green Hills Mixed-Up Project Advances

The Tennessean :: Written by Getahn Ward :: October 5, 2013

Southern Land Co. on Friday purchased the 2.5 acres it needed for its planned mixed-use project in Green Hills for roughly $13.5 million.

The deal for the property at Hillsboro Pike and Richard Jones Road brings the Franklin-based developer’s project closer to reality. The project has drawn attention of nearby residents because of its planned height, which is 22 stories at its highest point.

“We’re excited to close on the land as this is another key step of the project…

Read More: Green Hills Mixed-Up Project Advances

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A Glimpse Into Nashville’s Housing Future

The Nashville Business Journal :: Written by Nevin Batiwalla :: October 9, 2013

For much of the past 20 years, baby boomers raising families drove the housing market in Nashville and the rest of the United States.

Buyers between ages 35 and 64 wanted large single-family detached homes on large lots, so that’s what builders gave them.

About 80 percent of the new housing stock during that period was single-family detached homes…

Read More: A Glimpse Into Nashville’s Housing Future

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Hendersonville Apartment Community Sells for $29 Million

The Nashville Business Journal :: Written by Nevin Batiwalla :: October 8, 2013

Hendersonville ApartmentsA new Hendersonville apartment complex has sold for $29 million, according to Sumner County property records.

Irvine, Cal.-based Steadfast Income REIT Inc. paid more than $140,000 per unit for the 206-unit Watermark at Indian Lake Village, which opened earlier this year at 120 Cinema Drive.

The property is being renamed Cantare at Indian Lake Village…

Read More: Hendersonville Apartment Complex Community Sells for $29 Million

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