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Project’s other two phases to begin this year
Chicago-based real estate development and investment company Speedwagon Capital Partners and locally based The Mainland Companies have broken ground on their New Heights District south of downtown and released new images of the project.
A release notes the development will unfold on a primarily industrial area comprising about 20 acres and bordered by the Nashville City Cemetery, the interstate loop and CSX train tracks, just west of which sits the Adventure Science Center.
Specifically, work has started on New Heights 915, a two-story Class A, 31,000-square-foot office building (pictured) to be fully occupied by co-working venture Serendipity Labs. The address is
Located at
947 Fourth Ave. S. adjacent to the Nashville City Cemetery and on the south side of downtown Nashville s interstate loop, the 0.45-acre property offers a nondescript building that last was home to auto dent removal service Dent Concepts.
The new owner is FCD Recycling LLC. The owner of that company last April sold for $7,924,000 property located in The Nations and from which that business had operated. Atlanta-based developer Wood Partners is planning apartment development Alta Union for that site (read
The seller in the recent deal was a trust that dates to 1980. At that time, an individual affiliated with what became the trust acquired the property for $40,000, according to Metro records. Esso (which later became part of Exxon) acquired the property in 1956, records show.