JV Pays Nearly $15M on Property for Nashville Apartment, Retail Venture

TDK Cos. and Imagine1 Co. plan to build 280 apartment units and some retail space on a 6-acre property near Geodis Park. The company paid $14.9 million for the site, which has a large warehouse that must be razed before development can begin. MSA Investors was the seller. The Nashville Business Journal reports the firms have secured $58.6 million in construction financing from Atlantic Union Bank.

The developer duo plans to call the project Vintage Fair Park and start work on it before the end of the year. Besides the rental units, the hub will include 10,300 square feet of retail space. Other features planned for the development include a pool, pickleball courts, fitness center, dog park and more.

Vintage Fair Park is the fourth joint venture project between TDK Cos. and Imagine1, which have partnered on other projects in Mt. Juliet and Nolensville. TDK Cos. has developed 22 projects totaling more than 5,200 apartments across Middle Tennessee.