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May. 24, 2013

Luxury Multifamily and Boutique Retail Mixed-Use Development Kicks Off Pre-Leasing

By Eliza Theiss, Associate Editor

H.G. Hill Realty Company has announced the start of pre-leasing for residential units at 12South Flats, the mixed-use project rushing towards completion in Nashville’s 12 South restaurant and retail district. The 121,000-square-foot, four-story development is the result of a joint venture between Nashville-based H.G. Hill Realty Company and fully integrated real estate services company Southeast Venture.

Located in Nashville’s historic 12 South Neighborhood, the mixed-use project aims to offer urban convenience paired with neighborhood charm. Slated to open in August 2013, the property comprises over 9,800 square feet of street-level retail space, with 90 luxury residential units taking up the three floors above.

The property’s residential component, which has just kicked off pre-leasing, is composed of 82 studio and one-bedroom apartments and eight two-bedroom units. Community amenities will include a fitness center, Sky Lounge outfitted with Apple computers, coffee bar and cyber café, fitness center, pet park, underground residents’ parking garage, and caged storage units.

12 South Flats, a redeveloped urban site, will also boast several echo-friendly elements, such as low-flow plumbing fixtures, high SEER air-conditioning units, alternative fuel charging stations, covered bicycle storage, Energy Star appliances, immediate access to public transportation, highly reflective roof, and upgraded Low-E windows compliant with the Greater Nashville area’s climate. Units ranging between 524 and 1,160 square feet are to be outfitted with stainless steel kitchen appliances, granite countertops, frost-free refrigerator, air conditioning, dishwasher and designer lighting. Some units will also boast private balconies and patios.

12South’s ground floor residential component, currently 85 percent pre-leased, is set to open for business in fall of this year.  Retail and restaurant tenants of the property include original restaurant concept Josephine, set to lease 3,163 square feet, next to the 1,531 square feet Jeni’s Splendid Ice Cream, which will lease for its second Music City location. High-end apparel store Emerson Grace has signed for 1,529 square feet, while gifts, home décor and furnishings retailer Cadeau Gifts will take up 1,531 square feet for its second Tennessee store. The residential component will boast its own 50-car surface parking lot.

Southeast Ventures brokers Tarek El Gammal and Greg Coleman are in charge of 12South Flats leasing operations.

Image courtesy of 12 South Flats’ Facebook page


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