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New Core Development Property | Nashville Real Estate

Core Development (the development company behind Gale Park and The Chesterfield) has a contract to purchase the 2.4 acres at 332 54th Ave N, a property holding the former Centerpoint Church of The Nazarene, which closed its doors in 2011.

The Sylvan Park property will eventually become cottage-style residences, much like those at Gale Park, The Chesterfield, and West End Station, though the community is still in the early planning stages.  Details have yet to be determined regarding number of units and pricing—many of those aspects will be influenced by conversations with neighbors and Metro Nashville planning officials.  There have been two previous contracts for the property that failed to close, but the contract with Core Development is expected to close in late spring.  However, the sale of the property is fully dependent on the rezoning of the property to allow for the residential development.

According to their mission statement, Core Development is “dedicated to bringing energy, life and commerce to Nashville’s urban neighborhoods through adaptive reuse of buildings of character, and new construction designed to integrate with existing building neighborhoods.”  We think that Core Development’s commitment to quality and sustainable product truly does integrate into the neighborhoods of Nashville and this new development in Sylvan Park will help to meet the growing demand for urban living developments.

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