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Salemtown apartment building sells for $21.2M


Located at
1600 Rosa Parks Blvd., the three-story Evergreen at Werthan offers 92 residences and saw construction begin in 2013. It sits near The Lofts at Werthan Mills. Its new owner is an LLC affiliated with Vienna, Virginia-based Cherner Development Group, the website for which offers a portfolio with a handful of similar properties (none located in Nashville).
The seller was an LLC affiliated with Nashville-based Evergreen Real Estate. That entity developed the site with the apartment building and was led, at the time by Aaron White and Hunter Connelly.
The deal is the equivalent of about $231,000 per unit.
The development team for Evergreen at Werthan included D|AAD and B3 Design Studio (architecture), Southland Constructors (general contractor) and Berkley Capital (financing). The apartment building offers townhomes facing Seventh Avenue North, concealed surface parking and a south facade addressing the north wall of The Lofts at Werthan Mills. ....

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Parks, Village finalize merger stalled by pandemic


New entity yields state’s largest residential real estate company
Bob Parks and Hunter Connelly
Almost 12 months to the day after announcing they would merge and soon thereafter placing that effort on hold due to the coronavirus pandemic officials with Parks Realty and Village Real Estate announced Thursday the union has been made official.
According to a release, the two entities will operate with their respective brands via an LLC that will serve as the parent company. 
The combination (first announced in January 2020) creates what is billed as Tennessee’s largest residential real estate brokerage. The new company is represented by more than 1,100 agents who in 2020 completed approximately 10,000 transactions with about $5 billion in sales volume. ....

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