Elmington Eyes Mixed-Use Project in Edgehill
Developer envisions five- to 15-year timetable for residential, office, retail buildings.
Elmington Capital Group is eyeing a massive mixed-use project for the Edgehill site home to apartment complex The Park at Hillside.
If the project materializes, it could contain upwards of 1,200 residents and buildings spanning 600,000 square feet and accommodating retail and office space. The project, for which Elmington has not yet released a name or images, is expected to take five to 15 years to unfold.
In a release, Elmington said it has submitted to the Metro Planning Commission a preliminary development plan and zoning change for the site, which spans 23 acres and is located near the southwest corner of the intersection of Eighth Avenue South and Edgehill Avenue.
The submittal outlines the bulk standards and regulations for the proposed development. Elmington said there are no plans to displace any of the existing residents of the property, including Salama Urban Ministries (a nonprofit organization that serves K–12 students in the Edgehill area).
“We’ve had several meetings with area residents, including The Reservoir Park Neighborhood Association, to discuss our plans. Additionally, we are working closely with the mayor’s office, the local councilman and several affordable housing advocacy groups. We plan to continue these meetings to openly work with all stakeholders to ensure everyone has a voice in this project,” said Cary Rosenblum, Elmington CEO.
Elmington paid $20.3 million for the property in October 2016. Located at 1501 Hillside Ave. The Park at Hillside is a 290-unit low-income tax credit apartment property.
The proposed development plan calls for additional affordable units, the release notes.
Elmington has more than 900 of what it bills as affordable residential units under development in Davidson County.