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$250M Waterfront Project Moves Closer to Reality

NASHVILLE-Cumberland Yacht Harbor developers are zeroing in on a Nov. 29 ground-breaking. The project aligns closely with the city's 20-year Downtown riverfront plan.

By Melissa Kress | Updated on April 26, 2007

NASHVILLE-With specific plans in hand, a development partnership is setting its sights on a Nov. 29 groundbreaking for Cumberland Yacht Harbor. The $250-million lifestyle community and marina is being helmed by Tower Investments, LLC, which owns a majority interest, and Hardaway Group, Inc., Parkes Development, LLC and Varallo Investment Properties, LLC.

“Tower Investments believes in this project and is confident that it will take a leading role in Nashville’s emerging plans to develop the Cumberland River waterfront,” Alex Marks, SVP of Tower Investments, said at a press conference Thursday afternoon. “Our sleeves are rolled up, our team is in place and we are aggressively moving forward with this project.”

Cumberland Yacht Harbor will rise on 43 acres on the Cumberland River at Mill Creek. Villas will be built alongside a 13.5-acre harbor with a marina accommodating more than 200 boats up to 100 feet in length. The project will include approximately 30,000 sf of retail/commercial space, and a public docks and slips.

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