A group that includes HND Realty and the owners of the Nashville Lumber Co. site off California Ave. is seeking to get approval for rezoning of property to allow for 100 new town homes. Another developer is in the process of obtaining 5.5 acres to become home to 63 new single-family homes. Yet another developer is hoping to rezone a site for a new Dollar General Store along with an additional 4,800 square feet of retail space on a part of the 50-acre site.
While all three project are in the early stages of planning, they are expected to be presented at a neighborhood group meeting this week. Neighbors welcome the attention for the most part, but are also eager to provide developers with feedback that could assist in shaping up these projects and others.
After initially buying large lots with one home and tearing them down to build two single-family homes per lot, developers are now targeting commercial and industrial properties for new infill residential and other mixed-used developments.
The Nations, which is in the West Nashville/Charlotte Park neighborhood, is also known as Historic West Town. It is bounded by Charlotte Ave., Centennial, Morrow and the railroad tracks near 44th Ave. North.
Up until the past year, the most desirable area for residential development was between 44th and 51st avenues, but in recent months buyers are showing interest in living on both sides of 51st toward Morrow. The demand for home is increasing even as homes in nearby Sylvan Park have become more expensive.
Developers see The Nations as adding as many as 200 to 300 residential units in the next two to three years. Its proximity to downtown and overall affordability make it attractive to younger families, singles and professionals. It may be one of the last places in the area where you could purchase a new home for under $300,000 and still be living in an urban area The new homes would be priced from the $220,000s to the $300,000s.