Local, attainable housing developer Holladay Ventures has officially broke ground on the new 311-unit mixed-use development project Stone Bridge Lofts. The developer received nearly $32 million from the Amazon Housing Equity Fund to create the attainably priced housing development. More importantly, this marks the Fund’s first investment in Nashville with a private developer.
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.
Development Rundown
Stone Bridge Lofts
- What’s Now: Previous Wooded Site
- What’s Next: Attainable Mixed- Use Development
- Developer: Holladay Ventures
- Architect: Studio A
- Contractor: Highland Building Group
- Property Management: Elmington
The recurring theme throughout the event’s presentation was the passion and tenacity by Evan Holladay, Founder & CEO of Holladay Ventures. His dedication to both attainable housing as well as his ability to stack capital is getting attention in both the public and private sectors.
“If you know Evan then you know that he is persistent, he is an innovator, he thinks big, and those are all qualities that we believe in at Amazon which is why we are so proud to partner.”
Michelle Gaskin Brown, Amazon’s Public Policy manager in Nashville
Rusty Tinnin, Mayor of Goodlettsville also made remarks noting that he looks forward to developing future projects along the Goodlettsville Main Street with Holladay Ventures. Councilmember Zach Young was not in attendance given health reasons, however, the Mayor expressed the Councilmember’s support for this project.
The project will offer a mix of one, two, and three-bedroom attainable apartments and 11,200 square feet of commercial and retail space. The project will also feature 7 live/work spaces that can function as both a storefront and a residence. Amenities include an outdoor pool deck, dog park, space for nonprofits, and co working spaces to name a few.
Stone Bridge Lofts marks the first stand-alone project for the developer; it also marks the second ground breaking this year for Holladay Ventures. The developer recently broke ground on Shelby House, another mixed-income development in East Nashville. That project is in partnership with Samaritan Recovery Community.
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