December 7, 2022

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Boutique hotel building in North Nashville offered for sale | Development

Nashville-dependent M Cubed Developments has supplied for sale an condominium-design boutique hotel for which construction is nearing completion in Buena Vista in North Nashville.

An asking value is not currently being disclosed, advertising and marketing components notice.

The creating features an tackle of 1212 Ninth Ave. N., property that M Cubed acquired through an LLC in November 2019 for $1.5 million, Metro data demonstrate. The setting up does not present a identify and is leased to San Francisco-based mostly Sonder, which will run the quickly-to-open up apartment hotel small business on a 10-yr lease.

Standing 3 flooring and situated 1.5 blocks north of Jefferson Road, the hotel making will offer you 57 visitor rooms and 26 area parking spaces, with the building’s exterior skinned in steel, brick and limestone.

Dallas-dependent Humphreys & Companions Architects, Nashville-primarily based ZMX Inc. (construction supervisor) and Nashville-primarily based Thomas & Hutton (civil engineering and land setting up) are collaborating in the effort and hard work.

The home formerly offered a constructing that accommodated Greater Initially Road Missionary Baptist Church. The church had owned the .34-acre residence considering that August 1952 when it was recognised as To start with Avenue Baptist Church. It paid $14,000 for the house, in accordance to Metro information.

M Cubed is led by veteran business authentic estate expert Mark McDonald and enterprise companion Mark McGinley. The two have enlisted CBRE brokers Brett Carr, Paul Gaither and Steele McDonald to take care of the advertising and sale of the building.

The supplying arrives as M Cubed just lately released information for a 7-story setting up for The Gulch. To be situated at 900 Division St., the creating will supply 22 short-time period upscale rental household spaces and be billed as a “boutique team-journey lodge.” (Go through a lot more below.)

M Cubed has carried out or is underway with various initiatives in numerous urban districts in the course of the metropolis (read in this article).