Plans have been scrapped related to an apartment building project that would have been undertaken on the site of the downtown building home to live music venue 3rd and Lindsley, among other businesses.
As reported in October 2022, and according to a multi-page concept plan document submitted to the Metro Planning Department, Isle of Palm, S.C.-based Woodfield Development had sought to redevelop the site with a structure (pictured) with 11 floors at its tallest segment and 438 residential units. The project was slated for 805 President Ronald Reagan Way (Second Avenue South), with Woodfield to have acquired the buildings, known as Downtown Business Centers II, at the site.
A Woodfield spokesperson told Scene sister publication Nashville Post Friday the company decided to not acquire the property and instead will focus on co-developing a Midtown site with Nashville-based real estate development firm Hall Emery. That future tower will rise on a 0.59-acre parcel with an address of 118 16th Ave. S., near the Musica Roundabout.
As the Post reported in February, on-site work tentatively was slated to have started on that project by October. Now, and according to a source, the team is hoping to break ground in early 2025.
Locally, Woodfield developed a Midtown site with Margaux Midtown, a 292-unit two-building apartment complex at 1600 Patterson St. 3rd and Lindsley began operations in the Rutledge Hill building in 1991. Owner Ron Brice said in late 2022 he was considering relocating his business to Wedgewood-Houston. Brice could not be reached for comment regarding an update.
Known as Downtown Business Centers II, the two-building complex is oriented in a suburban manner, with surface parking separating the buildings from the street. A companion property, the former Downtown Business Centers I, was sold in October 2020 and redeveloped with apartment building Broadstone SoBro by Phoenix-based Alliance Residential Company.
An entity affiliated with Nashville-based Cirea Management Group owns Downtown Business Centers II, having paid $2.25 million for the two-acre property in 2003, Metro records show.
This article was first published at our sister publication Nashville Post.
