GBT Realty completes construction loan for 108-unit apartment community in Nashville

GBT Real Estate is preparing to add the residential component to its planned suburban mixed-use project in Nashville’s Nolensville Pike submarket, southeast of downtown.

The company closed the construction loan for Southcrest Reserve, a three-story, 108-unit multifamily complex adjacent to the company’s Southcrest Center mall, already under construction. Commerce Bank provided the construction loan.

Set to begin opening this spring, Southcrest Center, a 12,100 square foot ungrounded community center, features the following household names at quick-service restaurants, fitness clubs, and car care providers:

• Scooter’s Coffee (opening spring 2022)
• Orange Theory (opening spring 2022)
• Heartland Dental (opening spring 2022)
• Valvoline (opening spring 2022)
• Wendy’s (opening spring 2022)
• McAlister’s Deli (opening fall 2022)

Located along Nolensville Pike and Old Burkitt Road, the multi-family community offers a clubhouse, fitness center, lounge, and coworking spaces, as well as a communal pool and barbecue grills. Hardcastle Construction Company is expected to begin construction immediately with expected completion in fall 2023. Barnett Design Studio designed the residential community.

Southcrest Center and Southcrest Reserve continue GBT’s significant investment in the Nolensville Pike area. The company is also developing 7-Eleven adjacent to the site between Old Burkitt and Burkitt Roads, and recently developed Southpointe Marketplace, anchored by Aldi, immediately to the north.

Previous Farmers can now apply for the 2022 Cash Advance Scheme -
Next Farmers can now apply for the 2022 Cash Advance Scheme