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