$140M Luxury Multifamily Albion in the Gulch Opens in Nashville
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The 20-story Albion in the Gulch has opened at 645 Division St. in downtown Nashville. The concrete and glass building features 415 units with studio, one-, two-, and three-bedroom apartments and two- and three-bedroom two-story townhomes. It offers expansive skyline views from the second highest point in the city.
The project is the first in Nashville for Chicago-based Albion. The developer bought the site for $278 per square foot, which is one of the highest prices ever paid for property in the area. The project was financed with an $87 million loan from Hartford Investment Management Co.
The community has a hotel-inspired lobby with a coffee shop, 20th floor clubhouse lounge, rooftop infinity pool, and 360-degree views of the city.
Albion recently paid $31 million for 2 acres at the intersection of McGavock Street and 14th Avenue. It’s planning its second Nashville project, a two-tower residential development.
$140M Luxury Multifamily Albion in the Gulch Opens in Nashville
$140M Luxury Multifamily Albion in the Gulch Opens in Nashville
[ad_1]
The 20-story Albion in the Gulch has opened at 645 Division St. in downtown Nashville. The concrete and glass building features 415 units with studio, one-, two-, and three-bedroom apartments and two- and three-bedroom two-story townhomes. It offers expansive skyline views from the second highest point in the city.
The project is the first in Nashville for Chicago-based Albion. The developer bought the site for $278 per square foot, which is one of the highest prices ever paid for property in the area. The project was financed with an $87 million loan from Hartford Investment Management Co.
The community has a hotel-inspired lobby with a coffee shop, 20th floor clubhouse lounge, rooftop infinity pool, and 360-degree views of the city.
Albion recently paid $31 million for 2 acres at the intersection of McGavock Street and 14th Avenue. It’s planning its second Nashville project, a two-tower residential development.
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