Albion Residential will begin construction on its first Nashville project, Albion in the Gulch, a $140 million tower with 415 rentable units at 645 Division St.
The project’s start is sparked by an $87.15 million construction loan provided to Albion Residential by Hartford Investment Management Company.
With construction led by Clark Construction, Albion in the Gulch will soon take a prominent position on the Nashville skyline. Architect Hartshorne Plunkard Architecture has designed a tower that acts as a beacon of elegance when entering the city, standing at an elevated point where I-65 meets I- 40 in the urban core.
The design breaks the current mold and stands out amongst other new construction in the area, with curved edges and green features. A look closer will show columns with intricate mosaic tiles and a future featured sculpture and other art.
The project’s 415 units will include studios to three bedrooms, and true to Albion Residential’s development standards, will be seeking to deliver the highest-end interiors of any rental in the Nashville area. From this elevated vantage point, these luxury apartments residents will enjoy unprecedented and unobstructed views across the Nashville skyline, and looking south all the way to Brentwood.
Of particular differentiation, two-story townhomes within the building will be an original option in the luxury tower rental market encompassing the 4th and 20th floor – these units will give residents the experience of having their own home in the Nashville urban core along with a vast array of exceptional boutique hotel amenities.
A programmatic experience is part of the Albion Residential value proposition, the project will feature interactive events within its exterior plaza and rooftop pool area, as well as its own Comedy Club which will double as a karaoke venue. That’s just the start of amenities, which also include an integrated coffee shop, indoor dog run and spa, its own poolside tiki bar, expansive indoor/outdoor fitness facility, golf putting greens and simulation room, and 10,000 SF dedicated to innovated, sharable workspace.
Albion Residential has brought together an all-star team of project partners. The majority of partners are Nashville-based, providing in-depth understanding of what makes the city special and how that can lead to the project further standing out, this includes Carter-Haston (providing management and leasing services), Barge Cauthen & Associates, Hodgson Douglas, Stanley D. Lindsey & Associates (SDL), I.C. Thomasson Associates, Inc., and Waller Lansden. Cyclone Energy of Chicago is handling LEED engineering as the project is seeking LEED Silver certification.
With work commencing now, Clark Construction will begin excavation imminently through April, with the project coming out of the ground through the summer – delivery date by the end of 2022.
