Projects to watch: These major Nashville developments are expected to deliver in 2024

Sophia Young | Reporter
Source: Nashville Business Journal

With hundreds of developments in Nashville’s pipeline, it can be hard to keep track.

Major out-of-town developers and investors continue to flock to Music City, but the current economic environment has left questions marks surrounding the state of multiple major projects.

As new development dampened across the city, there were several significant projects that continued to make progress over the course of the year.

Here are the projects that are expected to open in 2024.

The Landings at River North
Expected opening: Summer 2024

The East Bank’s first major project is set to open this summer.

Construction is nearing completion on the first phase of The Landings at River North, a highly watched development that sits on riverfront land across from Germantown.

Washington-D.C.-based MRP realty is leading the development which shares a border with Oracle Corp.’s future $1.2 billion campus. The Landings at River North broke ground in October 2021.

Once complete, the first phase of the development, which comes with a $220 million price tag, will offer four buildings — two residential, one office and one retail and restaurant building — adding 75,000-square feet of ground level retail space and 80,000-square-feet of office space to the East Bank.

The retail and office buildings are expected to be completed in the spring, and the two residential building, which collectively offer 651 units, are set to open this summer.

Construction on the second phase of the development, which includes a 433-unit residential and retail building, is expected to start late spring 2024.

As the project nears completion, you can expect multiple office and retail tenant announcements in the coming months.

Ashwood 12 South
Expected opening: Late 2024

The 12South neighborhood will gain nearly more than 116,000 square feet of office and retail space next year.

Ashwood 12 South, a nearly 2-acre mixed-use development on the popular corridor, is expected to be completed by the end of 2024.

New York-based Turnbridge Equities is leading development of Ashwood 12 South which will have 44,500 square feet of retail and restaurant space and will add 72,000 square feet of Class A office space to the neighborhood in the form of small-format suites.

The project has already attracted multiple out-of-town restaurants including Australian cafe Two Hands and sushi concept Sushi-san, and more tenant announcements are expected over the course of next year.

Neuhoff District
Expected opening: Phases throughout 2024

The first phase of Neuhoff, the giant historical renovation development on Germantown’s, will gradually open throughout the course of next year.

Developed by Atlanta-based New City Properties, the project is transforming the former Adams Street meat-packing slaughterhouse into 914,000 square feet of mixed-use offerings.

When complete, the $550 million project’s first phase will hold 448,000 square feet of office and retail space across two buildings, as well as 542 apartment units across two eight- and nine-story buildings.

Construction is complete on the development’s office and retail structures — a newly constructed 14-story office building with ground-level retail and a revitalized series of buildings from the 1900s. The two buildings are awaiting tenant finish-out and are expected to open next year.

This year, New City Properties announced Neuhoff’s first office tenants — Atlanta-based communications agency Dalton and JE Dunn Construction, who is the general manager for the development. Dalton has begun building out its new office space in district.

Neuhoff’s two apartment buildings are expected to open next summer.

Gulch Union
Expected opening: Summer 2024

After shifting gears on the project midway through construction, the next phase of Texas-based Endeavor Real Estate’s Gulch Union district will open next year.

The firm’s second Gulch tower, called Pullman Gulch Union, will stand 29 stories tall and offer 300 units. Condos sales have commenced on the high-rise and the firm is targeting a May 2024 opening.

In May, Endeavor announced that the Gulch project, located at the corner of 12th Avenue South and Demonbreun Street will be offered as a condominium tower. Previously, the real estate firm had planned to market the units as apartments.

Pullman Gulch Union will be the second tower in Endeavor’s Gulch Union district. Gulch Union’s first phase, office building 1222 Demonbreun, opened in December 2020, and the firm’s third Gulch tower is in the design phase with plans for a 32-story hotel and residential tower.