Revamped investor snags sky-high office space above hotel

Two Nashville real estate companies have swapped ownership of what’s basically an office building perched at the top of downtown’s second-largest hotel. New public records show that OakPoint Real Estate paid $21.05 million for the six floors of office space above the Renaissance Nashville Hotel. The space, dubbed CitySpace, covers floors 26 through 31 of […]

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Eleven buildings, a thousand housing units, one big jolt for… Madison

Tom Corcoran’s plans for a massive mixed-use Nashville development are long in ambition — and their timeline. Corcoran has unveiled new specifics for his proposed overhaul of a 32-acre property in Madison, at a shopping center eight miles northeast of downtown. If fully developed as planned, the Madison Square project would feature 11 buildings containing […]

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Nashville developer lands loan for mixed-use Hillsboro Village project

Nashville real estate developer Elmington Capital Group has secured full financing for its mixed-use development in Hillsboro Village. Newly filed public records show that Nashville’s Pinnacle Bank (Nasdaq: PNFP) is loaning more than $23 million toward Belcourt Village, the name of the project Elmington Capital is developing. The four-story building will be located at 2111 […]

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Developer pursues big commercial project near Greer Stadium

A Nashville developer is teeing up a mixed-use development that could include as many as 1,200 residential units and multiple 12-story commercial buildings, along an increasingly busy corridor immediately south of downtown. Elmington Capital Group is taking the first concrete, public step toward what could be five years to 15 years of construction on roughly […]

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This Former Nashville Watering Hole Will Now House A Christian Retailer

Altar’d State, a Christian-inspired boutique headquartered in Maryville, Tenn., is joining Austin-based Hopdoddy Burger Bar in the redevelopment of a prime Hillsboro Village location. According to a building permit issued April 20, the fast-growing retailer is headed to 1803 21st Ave. S., the former home of Sam’s Sports Bar and Grill. Elmington Capital Group, the firm […]

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Investor Spends $42M on Nashville Office Buildings, Apartments

Nashville real estate developer and investor Elmington Capital Group announced two new purchases Wednesday totaling more than $42 million. In the first, Elmington paid $21.95 million for a portfolio of five office buildings, formerly owned by the late businessman Ted Welch, along Music Row and 21st Avenue. The buildings, which include about 115,000 square feet of […]

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Nashville developer, Mayor Barry pursue lower-price apartments on 12th Avenue South

Elmington Capital Group is poised to become just the latest developer to — you guessed it — build apartments in Nashville. You might expect the forthcoming project at 12th Avenue South to feature lofty 10-foot-high ceilings, granite countertops and stainless-steel appliances. Here’s the catch: They’ll only be rented to people earning at or below the […]

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Stellar Rent Growth Caps Revitalization of Offices Atop Renaissance Hotel

In less than two years, one of Nashville’s busier real estate companies has pushed rent 33 percent higher at a downtown office building — and just about filled it up. The immediate success Elmington Capital Group has experienced with the six-story office space atop the Renaissance Hotel underscores the extent of the demand for urban […]

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Retail Strip Home to Two Bits, Tin Roof Sells for $33.5M

A retail strip on Demonbreun Street has sold for nearly double what was paid two-and-a-half years ago. New Jersey-based Castle Rock Equity Group paid Nashville real estate investment firm Elmington Capital Group $33.5 million for the 96,000-square-foot retail center, The Tennessean reports. Elmington paid $17.67 million for the property more than two years ago. The property, which […]

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High-Profile Demonbreun Street Property, Once Eyed by Publix, Under Contract

A high-profile retail strip near Music Row, where a major mixed-use project had been proposed, is set to get new owners. The Tennessean reports that New Jersey-based Castle Rock Equity Group has a contract to buy the 3.38-acre Demonbreun Street property from Elmington Capital Group. The property is currently home to a retail strip that includes […]

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