Holladay’s newest multi-family residential project, the 116-unit Fifty Forty Flats, is now complete in Nashville, TN. The project involved the reuse and redevelopment of the two existing three-story office buildings into modern apartments, and the construction of two new three-story townhome buildings on the extra land.
“We took a site with two old, vacant office buildings, and turned it into a modern apartment community,” said Benton Smothers, Vice President of Development for Holladay Properties. “That’s the definition of value-add in my book, and I couldn’t be prouder of the way this project turned out.”
Holladay acquired the property for the development, located at 5040 and 5042 Linbar Drive, in September 2019, which included two Class C office buildings on 4.40 acres. Construction kicked off in August of 2020, and the first apartment building was completed and welcomed its first residents in June 2021.
Fifty Forty Flats features a mix of studio, one-bedroom, and two-bedroom units. The property is 83% leased as of project completion. For information on leasing or apartment availability, visit fiftyfortyflats.com.