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Gulch project developer lands $87.1M loan


According to a release, Hartford, Connecticut-based Hartford Investment Management Co. provided the loan.
Albion Residential paid $15.5 million for the 1.3-acre property, which has a 645 Division St. address and is notable for its elevation just east of Eighth Avenue. A late-2022 finish is eyed. (See more images
The building will include studios, one-, two- and three- bedroom residences. It will feature an exterior plaza and rooftop pool as well as a “comedy club” that will double as a karaoke venue. Other amenities will include a coffee shop, an indoor dog run and spa, a poolside tiki bar, an indoor/outdoor fitness facility, golf putting greens and a golf simulation room, and 10,000 square dedicated sharable workspace. ....

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New images released for Gulch tower | Nashville Post


Also: Construction to start on office building in Hermitage
New images have been released for 20-story mixed-use tower Albion, construction of which recently started on a Gulch site located near Frugal MacDoogal.
Chicago-based Albion Residential paid $15.5 million for the 1.3-acre property, which has a 645 Division St. address and is notable for its elevation just east of Eighth Avenue. Jason Koehn, Albion president, previously told the
Post the project is expected to carry a price tag of $140 million.
According to documents previously filed with Metro, Albion plans a building (pictured) that will rise 270 feet, making it one of the city s 40 tallest if standing today. It will offer 415 residential units, 364 parking spaces and a small retail space for a cafe. ....

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