The West End/Downtown submarket has the Nashville area's highest monthly apartment rent of $1,720, which is significantly higher than the marketwide average of $1,118 per month as of the end of September. Overall, nearly 16,000 new apartment units are under construction in the Nashville region with more than half of those in the West End/Downtown submarket that includes Germantown, according to the apartment association. The first-to-market apartments are in a little better position than the later to the market."Īcross from Broadstone Germantown, more inventory is on the way with construction underway on the 411-unit LC Germantown and the 101-unit Atlas in Germantown, among other projects. "As more of these begin to come to market, we may test that. "At this point, the leasing is generally going fairly well," Woody McLaughlin, a member of the Greater Nashville Apartment Association's statistics committee, said about the new apartments overall. And a sound room, pet lounge and rooftop sitting area, along with changes to interior design and the clubhouse are being considered as part of planning for next year's budget. Residents have access to complimentary fitness classes every other weekend under a partnership with Nashville personal training firm Results Fitness. For instance, four-year-old Vista Germantown is charging $300 to $400 less a month on new leases versus rates that apartment complex at Fifth and Madison offered this time last year, said Carrie Regan, its area manager. The swanky projects are also driving changes at older Germantown apartments. Beyond perks, developers are dangling amenities such as a rooftop entertainment venue and art studios to differentiate their properties in the increasingly crowded market. “With the number of kids now recording their own music, podcasts and/or videos and disseminating a significant amount of digital content, a recording studio seemed like an appropriate and attractive amenity that catered to that trend,” said Will Casaday, vice president of development for South City Partners.Between Broadstone Germantown, Carillon, Peyton Stakes and 909 Flats, more than 1,000 apartment units are coming online in a Germantown area market that's considered ground zero of Nashville's apartment construction boom. The 26-story tower will offer a recording studio among several other amenities.Ītlanta-based South City Partners, a multifamily housing developer, is seeking to attract undergraduate and graduate Georgia State students. In Atlanta, construction is underway on The Mix, an urban infill mixed-use development near Georgia State University set to open in the fall. “The Muse Room allows residents to easily access a private area to create something they are passionate about, whenever they feel inspired.” “We recognize that our residents place a high value on unique services and amenities that can be integrated into their everyday lives,” said Jerome Hollo, executive vice president of Florida East Coast Realty. The studio is convenient for private hours of writing music or collaborating with other musicians. The high-rise, which is Florida’s tallest building, includes more than 100,000 square feet of amenities, including the soundproof Muse Room, where residents can set up their own music and recording equipment. In the heart of Miami’s famed Brickell District is Panorama Tower, an 821-unit luxury residential rental building developed by Florida East Coast Realty. Residents of Panorma Tower have access to the soundproof Muse Room for recording and live music. He noted, “While we felt that our recording studio would be attractive to several buyers, particularly given our proximity to Lincoln Center for the Performing Arts, we also believed it would be a wonderful opportunity for many others to expand their experience and provide a sense of discovery.” “We believe that the highest caliber of developments do two things well, cater to residents’ known needs and desires such as a fitness center, pool and pet facilities, and create new spaces that residents never knew they needed before,” said James Linsley, president of GID Development Group, which built Waterline Square. Residents and their guests also have access to a baby grand piano, electric guitar and drum kit. The Waterline Club pushes the luxury envelope with an indoor soccer field, tennis court, rock climbing wall and expansive fitness center.Ī music and recording studio with sound mixing and production equipment made its way onto the list of must-have amenities in the development. With the rise of the luxury condominium development Waterline Square on Manhattan's Upper West Side, the developer has focused its amenity resources on the Waterline Club, which connects the development’s three towers. The Waterline Club, which connects all three buildings of Waterline Square, includes a music and.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |