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Details emerge for $80M project eyed for MetroCenter

The details follow the two entities’ having recently paid $22.5 million for the 13.6-acre property (read here), which includes Amulet Lake and a main address of According to a release, the two buildings will comprise approximately 750 units collectively and be constructed in two phases. The first phase, which will include approximately 375 residences in a five-story apartment building with an above-grade parking garage is slated to be under construction in early 2022 with completion in early 2024. Ground will break on the second multifamily building soon thereafter, with that structure to contain approximately 375 units. No renderings have been released yet. Chartwell (via Chartwell Residential and Franklin-based sister operation Chartwell Hospitality) has developed multiple sites with commercial, residential and hotel buildings with a collective value of about $2 billion (and approximately $700 million worth of development currently underway). In the greater Nashville mar

Belmont sells Watkins campus for $22 5M

Belmont University officials announced Tuesday the $22.5 million sale of the former Watkins College of Art property in MetroCenter. The new owners are a joint venture of affiliates of Nashville-based Chartwell Residential LLC and EJF Capital LLC of Arlington, Virginia. As planned when the Belmont-Watkins merger was announced in January 2020 (read here), net funds from the sale of the campus, with an address of 2298 Rosa L. Parks Blvd., will create an endowment to provide need- and merit-based scholarships for visual arts students in the Belmont University Watkins College of Art program. The endowed fund is expected to produce more than $800,000 annually for arts scholarships upon maturation.

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Belmont sells Watkins campus to provide scholarships

View Comments Belmont University announced on Tuesday, the sale of the former Watkins College of Art property to provide scholarships for visual arts students enrolled in Belmont’s Watkins College of Art.   The Rosa Parks Boulevard Campus was sold to a joint venture of affiliates of Chartwell Residential LLC and EJF Capital LLC for $22.5 million.  After the Belmont-Watkins merger was announced last year, the university announced plans to use the net funds from the sale of the property to create an endowment for need and merit-based scholarships. Upon maturation the fund is expected to generate more than $800,000 annually for art scholarships.  

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