Southeast Venture and Hardaway Construction Close on First Joint Venture: EastSide Heights Apartment Complex
This press release was originally released on Oct. 30, 2015
NASHVILLE, Tenn. October 30, 2015 — Southeast Venture and Hardaway Construction announced today that they have closed on a 2.19-acre property in East Nashville that will be home to a new multifamily development, EastSide Heights.
This is the first joint venture between Southeast Venture and Hardaway Construction. Southeast Venture is handling the design of EastSide Heights, while Hardaway Construction will lead construction efforts. The project will break ground Mid-November and is expected to finish Summer 2017.
“It’s no secret that East Nashville is exploding,” said Tarek El Gammal, principal at Southeast Venture. “Over 3,000 new jobs have been created recently within a mile of EastSide Heights and East Nashville is one of the city’s hottest restaurant scenes. All it’s lacking is enough high quality residential options. We believe that EastSide Heights will perfectly meet this need – and we have teamed up with the perfect builder to make it happen. In addition to an extensive portfolio of multifamily projects to its credit, Hardaway’s corporate headquarters are only a few blocks from this project. No other contractor is as qualified to build East Nashville’s marquee apartment complex. We are excited about this joint venture.”
Located at the corner of 5th Street and Woodland Street, EastSide Heights will be a Class A multifamily community with 249 one- and two-bedroom apartments and 8,000 square feet of ground floor retail space. The five-story building will offer tenants several amenities, including a resort-style swimming pool with in-pool sun deck, two landscaped courtyards, pet spa and dog walk, fitness and yoga facilities, cyber café, a 2-level sky lounge with outdoor patio and a stunning view of downtown Nashville – plus a multi-level parking garage that allows residents to park on the same level as their apartment is located.
“We are excited about this mixed-use project and teaming with Southeast Venture to bring it to our East Nashville neighborhood,” said Stan Hardaway, president of Hardaway Construction. “We couldn’t have chosen a better partner or project for our first joint venture. East Nashville provides walkability and livability that make it a top location for new residents looking for homes in the city, and this project will bring much desired housing to the area.”
About Southeast Venture
Founded in 1981, Southeast Venture is a diversified commercial real estate and design services company guided by a mission of “Building Value by Valuing Relationships.” The firm provides and coordinates the delivery of brokerage, development, architectural and interior design and property management. This unique, comprehensive approach to commercial real estate offers a cost effective and efficient way of meeting its clients’ commercial real estate needs. For more information, visit SoutheastVenture.com, or find Southeast Venture on Twitter @SEVentureCRE.
About Hardaway Construction
Hardaway Construction Corp., a third generation, family owned construction firm has been serving the construction needs of Nashville and the Southeast for 91 years. Notable local projects include the Tennessee Bicentennial Mall, Gaylord Opryland Hotel & Convention Center, Belmont University Curb Event and Beaman Student Life Centers, Metro Nashville & Davidson County Historic Courthouse Renovation, and the Vanderbilt University Freshman Commons Dining Center and School of Engineering.