NASHVILLE—Stiles is partnering with Nashville developer Ray Hensler to build an $80 million, 23-story, high-rise luxury apartment building in Nashville's burgeoning Gulch district. The Gulch is a 22-block redevelopment district located on the west edge of downtown that's benefited from a spike in urban development.

Marking Stiles' re-entry into the Nashville market, construction of the 312-unit project located at 12th Avenue and Laurel Street is set to begin immediately. The developers are pursuing LEED Silver certification.

“You don't have to work too hard to see why Nashville's so hot right now,” Hensler tells GlobeSt.com. “Whether you're looking at steady job growth, big city in-migration or just signs of an emerging creative class, Nashville seems to be on everyone's radar. And regardless of whether you're talking for-sale or rental, the Gulch has proven itself to be the city's premier urban neighborhood from the standpoint of pricing, demand and volume.”