NASHVILLE—On Tuesday evening, the Metro Council unanimously approved the Master Developer Agreement between Metro Nashville Government and The Fallon Company to develop 30 acres of Metro-owned land on the East Bank. The agreement allows Metro and Fallon to bring to life the Imagine East Bank Vision Plan, which was developed by the Nashville Planning Department after two years of deep community engagement to create a vibrant, mixed-income, multimodal community adjacent to Nashville's downtown – an economic engine for the city and state.
"Nashvillians told us they wanted great neighborhoods on the city's East Bank," said Nashville Mayor Freddie O'Connell in a prepared release. "This agreement with The Fallon Company will help us deliver a neighborhood for all Nashvillians – with unprecedented commitments in affordable housing, childcare, and complete streets."
Fallon, a leading national real estate development firm, was selected to be Metro's Master Developer for the Initial Development Area's 30 acres of the East Bank after a highly competitive procurement process, according to a release. The company's commitment to bringing the community's vision to life and prioritizing providing much-needed affordable housing is part of what led Metro to select the firm.
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