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Notes: Developer lands $62.2M loan for Marathon project

Notes: Developer lands $62.2M loan for Marathon project
nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.

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Chicago developer pays $5.5M for Marathon Village site

Leftbank plans two-building project in area seeing increased development activity ....

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Belmont sells Watkins campus for $22.5M

Belmont University officials announced Tuesday the $22.5 million sale of the former Watkins College of Art property in MetroCenter.
The new owners are a joint venture of affiliates of Nashville-based Chartwell Residential LLC and EJF Capital LLC of Arlington, Virginia.
As planned when the Belmont-Watkins merger was announced in January 2020 (read
here), net funds from the sale of the campus, with an address of
2298 Rosa L. Parks Blvd., will create an endowment to provide need- and merit-based scholarships for visual arts students in the Belmont University Watkins College of Art program. The endowed fund is expected to produce more than $800,000 annually for arts scholarships upon maturation. ....

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Start looms on project near Marathon Village

To be located at
804 14th Ave. N. and tentatively called 14th Avenue Lofts, the four-story building will offer 72 residential units and a retail/restaurant space. It will include a clubhouse, a fitness facility and a swimming pool.
Led by veteran commercial real estate professional Mark McDonald and business partner Mark McGinley, M Cubed has enlisted Dallas-based Humphreys and Partners as the architect, Nashville-based Catalyst is the civil engineer. A general contractor has not been finalized.
McGinley said 14th Avenue Lofts will act as a combination of a conventional hotel and an apartment building.
“The building could offer lots of usage flexibility,” he said, adding that could include medium- and long-term rentals, with some units potentially furnished. ....

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Marathon Village sites sell for $17M | Nashville Post

The seller of the property located at
800 14th Ave. N. was Charles D. Cline Sr. Cline acquired the 0.65-acre triangular property in late 2004 for $36,000, according to Metro records. He sold for $2.4 million, according to a Davidson County Register of Deeds document.
Cumberland Trust Co. sold the four-acre property at
801 12th Ave. N. for about $14.6 million. Cline is a part of that trust.
To include residential and retail spaces, Union Brick will carry a roughly $85 million price tag. The site is home to Union Station Brick and Materials Co. (thus the name of the project), which Cline owns. Neither Chartwell Residential nor the sellers used brokers in the transaction. ....

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