Bearded Iris Brewing and Barista Parlor will take space at the Sylvan Supply, the upcoming mixed-use project in West Nashville.
They are the first two retailers announced for the development. Third & Urban and FCP are the co-developers of the site, formerly home to the 96-year-old Madison Mill. The former wood-mill facility has an address of 4101 Charlotte Ave. in Sylvan Park and is located near Sylvan Heights.
Terms of the leases with the respective owners of the brewery and cafe were not disclosed in a release. Both businesses are expected to open in 2020.
Bearded Iris Brewing, the original location of which is in Germantown, will focus on “hyper-small batches” at Sylvan Supply, the release notes.
Barista Parlor opened originally in East Nashville in 2011 and now also operates cafes in the Gulch and in Germantown.
“Bearded Iris Brewing and Barista Parlor fit perfectly with the creative concept of Sylvan Supply,” Chris Faussemagne, a partner with Third & Urban, says in the release. “Both are ideal places to stop off after work or to meet clients for lunch or dinner. These businesses will also greatly benefit from our location between Sylvan Park and Sylvan Heights.”
For what essentially is an adaptive reuse project, the existing property is being divided into six buildings connected by open corridors and terraces providing outdoor workspaces for tenants. Once updated, the buildings will offer 130,700 square feet of creative office space, featuring open floor plans and large windows, as well as 32,850 square feet of space for restaurants, bars, cafés, service businesses and soft-goods retail.
Elliott Kyle, a broker with Nashville-based Equitable Property Co., represented Third & Urban in the two lease transactions.
The developers have assembled a Nashville-based team that includes Centric Architecture and landscape architect Hodgson Douglas. (Read more here.)
With more than 1.2 million square feet of space in urban buildings across the Southeast, Third & Urban has developed sites representing $300 million in value.
FCP is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999.
