Alliance Residential Plans a 14-story, 238 Apartment Building in Nashville’s Gulch
“A developer from Phoenix aims to start construction this fall on a 14-story apartment building in the Gulch.
Alliance Residential Co. plans to create 238 apartments at the southern edge of the Gulch, one block from where Metro is building a bridge over train tracks that will connect the Gulch — the forerunner of Nashville’s urban revitalization — to SoBro, currently the epicenter of the city’s real estate boom.
This would be Alliance’s third development since entering the Nashville market, which speaks to how Nashville’s surging population, stellar job growth and rising national profile have attracted a number of newcomer developers eager to make their mark. After two years of scrambling to build apartments, and pushing rent to all-time highs, developers are now facing much tougher competition at the top end of the market.”
To read the full article, visit the Nashville Business Journal.