Can Madison become Nashville’s next Green Hills?

Plans are in the works for a redevelopment of Madison Square Shopping Center, which investor Tom Corcoran and a business partner bought out of foreclosure 25 years ago. The owners are seeking a rezoning to allow for a mix of retail, mid-rise office, restaurant, entertainment and multifamily housing uses on the 33-acre shopping center site at 721-970 Gallatin Pike S., between […]

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Massive Edgehill Apartment Complex To Be Built Around 8th Avenue Reservoir

A sprawling 23-acre, 1,200-unit apartment community was unanimously approved this week by Metro Planning Commission on an L-shaped parcel around the historic 8th Avenue Reservoir. Elmington Capital Group will build the first phase of the development next year, at the southwest corner of Edgehill Avenue and 8th Avenue South. Residents at an existing Park at Hillside affordable […]

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266 Affordable Apartments Planned for Hermitage Site

Elmington Capital Group’s Hermitage Flats will offer units for $700-to-$800 a month across from TriStar Summit A 266-unit affordable apartment project on the drawing board for 10.65 acres on Old Hickory Boulevard in Hermitage would target households earning below 60 percent of that area’s median income. On Tuesday, the Metro Council passed a resolution approving […]

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Elmington Capital Pays $21.95 Million for Ted Welch Portfolio

The properties formerly owned by businessman Ted Welch, who died in 2014, add 115,000 rentable square feet of space to Elmington’s Nashville office portfolio. The Nashville-based investment firm said it plans to invest $1.6 million in exterior and interior renovations, mostly to the building at 2416 21st Ave. S. In addition to that building, Elmington acquired the Republican Party headquarters at 2424 21st Ave. S., along with […]

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Nashville’s Edgehill area affordable apartments sold for $20 million

Nashville-based Elmington Capital Group has paid $20.3 million for the Park At Hillside affordable housing apartments in Nashville’s Edgehill neighborhood. With its acquisition of the 290-unit complex at 1501 Hillside Ave., the investment firm now owns nearly 1,000 low-income tax credit apartment units in Middle Tennessee. “They have a specialty in affordable housing and this […]

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Hopdoddy Burger Bar Coming to Hillsboro Village

The Austin, Texas-based craft burger and beer chain will move into the former Boscos space. Hopdoddy Burger Bar will occupy the 5,445-square-foot first floor at 1805 21st Ave. S., which is one oftwo historical buildings bought by Nashville-based landlord Elmington Capital Group earlier this year. The 10-year lease is the first announced for the overall 0.91-acre property, which also includes the former home […]

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Mayor Barry Announces Affordable Housing Incentive Pilot Program

Program will focus on incentivizing developers to build or maintain affordable and workforce housing within mixed-income properties NASHVILLE, Tenn. –Mayor Megan Barry is pleased to introduce a program that will incentivize developers to create more affordable and workforce housing within existing and new construction. The incentive pilot program has been developed after months of research […]

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New Jersey Fund Has Demonbreun Strip Under Contract

The 3.38 acres Elmington Capital Group is selling includes location of Tin Roof, Just Love Coffee and Off Broadway Shoes. The transaction would be the first in Nashville for Castle Rock Equity Group, which acquires large multi-family residential and commercial properties nationwide. Castle Rock plans to develop the property in three phases, beginning with a […]

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Midtown Project with Grocery Store OK’d

Second reading at Metro Council next for Elmington’s plans on Demonbreun Hill. Elmington Capital Group’s plans for a mixed-use project at Demonbreun Street and 16th Avenue South in Midtown took a step forward Thursday with a favorable recommendation from the Metro Planning Commission. But the commissioners’ approval of specific plan, mixed-use zoning came with one […]

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