Friday, February 13, 2015

Proffitt Dixon to Break Ground on Nashville, TN Apartments; Luxury Multifamily Development Planned for Germantown

  
Rendering of planned Fountains Germantown Apartments, 1407 Third Avenue North,
 Nashville, TN


Stuart Proffitt
Nashville Tenn./Charlotte, N.C. (Feb. 12, 2015) – Proffitt Dixon Partners will soon start construction on its first multifamily development in Nashville, Tenn. Groundbreaking is expected on Feb. 26 for Fountains Germantown, a 249-unit luxury apartment community. 

The community will be built on 2.4 acres in Nashville’s fast-growing Germantown neighborhood, home to some of the city’s best restaurants, bars and entertainment venues. The developers purchased the land on Jan. 29, 2015.

“Germantown has become an attractive place to live for Nashvillians because it is convenient to employment in downtown, West End and MetroCenter,” said Managing Principal Stuart Proffitt.

“It has some of Nashville’s best restaurants spread throughout the neighborhood, all while maintaining its charming established and authentic neighborhood feel,” he added. “It’s important to us to deliver a development that meshes with the historic surroundings.”

Fountains Germantown will include a fully-amenitized clubhouse and fitness facility intended to appeal to renters searching for a unique luxury lifestyle.

Wyatt Dixon
“Our product offering focuses on the types of features, amenities, and design that fit Germantown’s eclectic character,” added Managing Principal Wyatt Dixon. “It’s a great, walkable neighborhood that’s close to downtown, and when it’s done, Fountains Germantown will be a great place to live.” 

Nashville-based Smith Gee Studio designed the community to fit into the aspects of its immediate surroundings.

“Each façade is influenced by the street character and context into which it falls,” said architect Hunter Gee. 

“Large repetitive masonry, metal and glass forms facing Third Avenue reflect its prominence and industrial past, while the Fourth Avenue side scales down to the historic residential streetscape of brick and lap siding. 

  Stoops and porches will offer opportunities for neighborly interaction, adding to Germantown's vibrant street life.”

The five-story building will be constructed in accordance with the National Association of Home Builder’s NAHB Green Building Program.

Hunter Gee
The address is 1407 Third Ave. N., located between Van Buren and Taylor Streets. The first residents are expected in the summer of 2016.

HFF worked on behalf of Proffitt Dixon to secure construction financing through Synovus Bank. Matrix Residential will lease and manage the community. Land Design and Civil Site are the  landscape architects; Civil Site is also the civil engineer.  Doster Construction Company, Inc. is the general contractor.  

This is Proffitt Dixon’s fifth development since 2008. The partnership will have 938 units under construction in North Carolina, South Carolina and Tennessee by  the end of this quarter. 

For a complete copy of the company’s news release, please contact:

Terri Thornton
Thornton Communications
p:404-932-4347  


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