Three firms are ready to break ground on the first part of a transformative mixed-use project in Madison.
Chicago-based Origin Investments, along with Nashville-based ZMX Inc. and Forbes Plunkett, are partnering to develop The Northern, a 297-unit apartment community, at 620 Due West Ave., according to a news release.
Construction on the $64.5 million complex will begin immediately, with first units expected to come to market in summer 2023. Fifth Third Bank will provide construction financing, the release said.
The Northern marks the first phase of a larger mixed-use project anchored on the former site of Nashville Memorial Hospital. The entire development, in which Nashville-based Core Development is also involved, will span 18 acres. Features are set to include office, retail, residential, walking trails, green space and a new public transit line that will connect to Dickerson and Gallatin pikes.
The project breaking ground now will consist of four four-story buildings. Amenities will comprise a pool, gym, clubhouse, green space, small parks, bike storage and dog park. Nashville-based Centric Architecture is handling design.
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