Blue Heron identified an opportunity to develop a +/- 330 unit multifamily project in downtown Nashville through a relationship with an alumni of the UNC Kenan-Flagler MBA program, a group with whom Blue Heron has strong ties. The property is located on a major north-south corridor, two miles from the CBD, within the popular Germantown/Buena Vista area.
- Blue Heron worked with its local development partner and with property owners to place an institutional-size land assemblage under contract in October of 2015; the assemblage was re-zoned for the intended use during due diligence.
- Closing on the land took place in May of 2016.
- Construction is anticipated to begin by early 2017.