19th Church Street LLC, a joint venture of Ascend Real Estate Group and Wanxiang America Real Estate Group, secured $133.6 million in construction financing for a Class A, 383-unit multi-housing development at 1815 Church St. in Nashville's Midtown neighborhood.
The 16-story building will feature studio, one- and two-bedroom units with an average size of 814 square feet. Additionally, 19th & Church will offer 6,000 square feet of retail that will provide various services and products to the apartment residents and the neighborhood at large.
19th & Church's Midtown location is close to employers such as HCA, Vanderbilt University and Medical Center, Ascension St. Thomas Hospital, Deloitte, BMI and Caterpillar. Residents will be near over 200 bars/speakeasies, restaurants and local coffee shops, and over 35 live music venues and nightclubs. The property also provides quick connectivity to Interstate 40.
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JLL secured the financing through Square Mile Capital Management on behalf of the joint venture. The JLL Capital Markets Debt Advisory team was led by Senior Director Chris Knight.
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