Tag Archives: multifamily

5 Multi-family Interior Design Trends in Nashville

Although the manic growth in Nashville has started to slow down, there are still a ton of people looking for rental housing. That influx is marked by young people who are still in their nomadic days, not yet ready to settle down and buy property. As a result, you see cranes all around town that are building apartments.

With so many of these buildings going up, architects and designers need to find ways to make their projects stand out. There is a clear style that has developed among these new, trendy living spaces, which features modern concepts, chic accents and premium finishes.Eastside Heights

A couple of our latest apartment designs, Station 40 and Eastside Heights, are no exception. Here’s what they spotlight to be on-trend:

1. Luxury surfaces

Just as hardwood floors are in demand in single family homes these days, so are they the flooring of choice in rental properties. Easy to clean with an elegant look, they are the best way to get a great-looking apartment that can be easily be prepped for the next tenant.

Another finish that adds a little luxury to a temporary home is quartz or granite countertops. Whether Island-style or along the wall the old-fashioned way, nice countertops and ample cooking space, have become a necessity in these units.

And you can’t forget those trendy kitchen backsplashes. Anyone who watches HGTV knows that a modern kitchen isn’t complete without a backsplash that provides a charming accent to the room. Subway tiles are the most current right now, and we don’t see this trend going anywhere anytime soon.

2. Metals

As we become more surrounded by technology, metal finishes are being incorporated into our homes via our computers and TV’s, down to our smartphones. Bold and attractive, metals can add a very sleek look or – as with the brushed nickel fixtures and accents Station 40 boasts – they can even add a bit of a rustic charm, as well.

Stainless steel appliances are also being featured in a lot of new and newly-renovated units. Gone are the days of finding the cheapest options possible to fill an apartment. Renters are looking for luxury, so the appliances need to be as stylish as the rest of the place.Station 40

3. Natural light

An important part of any living space, right now homeowners (and renters) are looking for more and more of it! Rather than the small paneled windows of bygone eras, multi-family designers are opting for large windows with few to no panels that often take over a majority of the outer wall spaces to let the sunlight pour in.

4. Smart technology

Along with the stainless steel appliances, multi-family developers are sweetening the deal with smarter apartments that bode well with this technological age. These include anything from Nest thermostats to USB wall jacks to key fobs rather than keyed doors. Where the young people are, the technology is too.

5. Communal spaces

Perhaps the biggest, and most important, trend in multifamily is having larger spaces outside the apartment units for social gathering. From lounges, to courtyards, to game rooms, residents have access to TVs, pool tables and other entertainment that’s fit for their whole crew of friends to come and visit. Many are located outside or offer flexibility such as garage doors that can open the space to the outdoors on nicer days. These spaces are especially necessary in a place with weather as great as Nashville’s.Eastside Heights

Many of these design trends seem to be here to stay, at least for the foreseeable future, and designers have focused on making designs that are timeless, especially with upgraded appliances and technologies. With so many buildings going up with unique and upscale styles, Nashville’s aesthetic is changing to match its reputation as a contemporary, nontraditional city with charisma.

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12South Flats, A Nashville Favorite

In light of the commercial construction frenzy that began in 2010, standing out in CRE development in Nashville is harder than it was four years ago. Consequently, at Southeast Venture, we never take it for granted when our peers recognize one of our developments as a favorite building in Nashville.

The “Deftly Designed” article in Nashville Post magazine’s latest “Boom” issue is an ode to structures built during the building boom that represent the city’s trend towards urban design. 12South Flats, which we developed in a 50|50 partnership with H.G. Hill Realty Co. in 2013, was among the favorite buildings chosen by local architects and developers.

The article included a great quote by Adam Leibowitz, a managing partner of Double A Development. Leibowitz stated, “As 12South thrives as a great walkable neighborhood, 12South Flats blends in perfectly to continue that trend. The overall building is deceptively large yet the scale and design of the front elevation keeps it from looking overwhelming for the neighborhood. I find that the storefront level specifically has a high-end, classic look that draws your attention. 12South Flats is a strong bookend for the commercial stretch of 12South and is a great example of timeless culture.”

Post Boom 1:2 Boom 2:2

New Aerials — 12 South Flats

Check out our progress…

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Construction Update: 12 South Flats

We wanted to share our newest aerial photos of the 12 South Flats construction. These pictures, taken by Aerial Innovations on Friday last week, pretty much speak for themselves. It’s hard to believe construction started just nine months ago.

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Nashville CRE Week in Review: Week of Nov. 18

Nashville CRE Links

  1. $58M Eleven North apartment sale sets new record — Tennessean (link)
  2. Baptist Healing Trust buys new Nashville home off Sidco Drive — Tennessean (link)
  3. HCA deal is among Nashville’s biggest — Tennessean (link)
  4. Nashville gambles on lure of new convention center — New York Times (link)
  5. Oberto plans Nashville production facility, 300 jobs — Nashville Business Journal (link)

Nashville CRE Week in Review: Week of Oct. 16

Nashville CRE Links

  1. Hendersonville apartment complex sells for $33 million — Nashville Business Journal (link)
  2. Major office developments planned for The Gulch — Nashville Post (link)
  3. Murfreesboro planners approve proposed Amazon warehouse — Daily News Journal (link)
  4. O’Charley’s nets $105 million in sale-leaseback of 50 properties — Nashville Business Journal (link)
  5. Spectrum plans spec office building in Cool Springs — Nashville Business Journal (link)

Nashville Retail Sector Among the Top in the U.S.

According to a recent PricewaterhouseCoopers LLP (PwC) Real Estate Investor Survey of commercial real estate sectors and markets, Nashville is projected to be one of the top-three performing retail markets in the U.S. through 2012.

The other two markets are Long Island and Fairfield County, Connecticut.

Taken from a PwC press release that summarizes the survey:

For the retail market, inconsistent consumer spending and inflationary fears will keep the majority of retail stock (76.6 percent) in recession through 2012. A recovery will materialize by year-end 2013, with 77.1 percent of retail inventory in that phase. Individual retail markets that are expected to perform better than this sector as a whole include Long Island, Nashville, and Fairfield County, which are each expected to be in recovery through 2012.

A Southeast Venture survey conducted at the beginning of 2011, predicted similar, yet more muted trends. Of the 80 local and regional commercial real estate brokers, developers, building owners and investors that we polled, 66 percent expected the retail market to perform better in 2011 than 2010. Interestingly, the multifamily and office markets were both polled to perform stronger than the retail market, with 75 percent (multifamily) and 72 percent (office) of responders predicting a stronger 2011.

Additional highlights from the PwC survey include:

  • Due to a lack of supply and decreasing vacancy, most office stock will be in recovery by the end of 2011. The office markets in Chicago, Las Vegas, Los Angles and Tampa are supposed to perform below trend.
  • Up to 86.2% of industrial stock is supposed to be in recovery in 2011 and 2012, with growth expected in 2013 and 2014. Again the Tampa market will lag behind, this time joined by Akron, Cleveland and Minneapolis.
  • Driven by tight lending and pent-up demand, the PwC Barometer expects the multifamily sector to perform the best with a portion of multifamily stock expanding through 2014. In this sector New Orleans and Syracuse are expected to perform below trend.