A local investment group is putting over $1 million towards an East Nashville apartment complex revamp.
The complex, a former cooperative housing apartment known as 400 Fatherland, will be revamped into Fatherland Flats. The complex consists of eight buildings with 48 units and is aimed at working artists and young professionals. It was purchased for $1.2 million in August.
Units will be updated and modernized and come out at the end ranging in size from 700 to 1,000 square feet with rents starting at $750 and going to $1,100.
The first two buildings will be ready to lease at the end of November and the rest should be ready by January, according to its developers.