Updated.
Local attainable housing developer, Holladay Ventures, has secured funding for Stone Bridge Lofts – a 311-unit mixed-use development in Goodlettsville, TN. Located on the outskirts of Nashville, the project consists of one, two, and three-bedroom apartments and 11,200 square feet of commercial and retail space. The project is located at 619 North Main St Goodlettsville, TN 37072.
“We are thankful to the Goodlettsville city leadership and community for their support in bringing the first multi-family development of this size to the area,” said Evan Holladay, founder and CEO of Holladay Ventures. “Stone Bridge Lofts will provide an attainably priced housing option along the redeveloping downtown Goodlettsville Main Street corridor and serve as a catalyst for community growth.”
Stone Bridge Lofts received almost $32 million from the Amazon Housing Equity Fund to create attainably priced housing. This is the fund’s first investment in Nashville with a private developer. “Stone Bridge lofts is a great example of the kind of attainable housing our Housing Equity Fund was created to support,” said Catherine Buell, director of Amazon’s Housing Equity Fund. To date, Amazon has invested more than $1.2 billion to create 8,500 affordable homes in its hometown communities, including the Nashville area. “As our presence grows in Middle Tennessee, so does our commitment to being a great community partner, and we’re grateful for the opportunity to collaborate on this project,” said Michelle Gaskin Brown, Amazon’s Public Policy manager in Nashville.
Holladay Ventures also received support and financing from the National Equity Fund and over $28 million in support from German American Bank. The development has widespread backing from the Planning Commission and City Commissioners of the City of Goodlettsville, the Metropolitan Development and Housing Agency, Tennessee Housing Development Agency, Metro Council and Councilmember Zach Young.
“The city of Goodlettsville is proud to have Stone Bridge Lofts join our community,” said District 10 Metro Councilmember Zach Young. “This project bolsters the growth of the city’s economy and adds incredible value to the expanding downtown corridor. Evan and his team at Holladay Ventures have prioritized empowering future residents and benefiting the Goodlettsville community in every stage of the project’s development. I am confident they will continue in that mission as they break ground and begin offering services to residents and the community as a whole.”
With apartments starting at $999/month, the exciting new development offers residents convenient access to downtown Nashville via I-65 and to Goodlettsville’s growing downtown. For the small business owner, Stone Bridge Lofts offers seven live-work spaces that can function as a residence and a storefront. The apartment community will provide a variety of amenities on-site, including a solar-powered 5,600-square-foot clubhouse that includes gathering and meeting spaces, free internet, an open concept kitchen, a fully equipped gym and billiards tables. Outdoor amenities include a swimming pool, fire pit, grilling stations, playground, wooded walking trail and a dog park.
Stone Bridge Lofts is expected to break ground in October 2022 and finish construction Summer of 2024. Businesses and entrepreneurs interested in leasing commercial spaces may contact Southeastern Commercial Properties via their website (here).
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