Chicago-based Albion Residential announced it has closed on the property for Albion Music Row. The phased, two-tower residential development will feature more than 850 units above restaurants, retail, and a dedicated public plaza. This project also kicks off the redevelopment of the multi-parcel Beaman Automotive site which will transform acres of car lots into a new urban district in midtown. The project is located at 1503 McGavock Street.
“We are thrilled to close on this property, advancing our vision for Albion Music Row and bringing to life it’s more than 850 units and potential as an activated residential hub for Nashville’s next great urban neighborhood. With Albion in the Gulch having its first residents, we believe the market now understands what separates our properties when it comes to luxury, design and amenities. We’re excited to continue to work in Nashville with Albion Music Row.”
Andrew Yule, Vice President of Development at Albion Residential.
Slide the image to see the previous vs current plan.
Shown for context only.
Slide the image to see the previous vs current plan.
Shown for context only.
Albion Music Row’s site, which Albion closed on June 5th, is comprised of five lots located at the southwest corner of the intersection of McGavock Street and 14th Avenue, adding up to 2 acres. The purchasing price was $31 million. This is Albion’s second large scale project in Nashville’s urban core, as Albion in the Gulch, a $140 million tower with 415 premium rentable units at 645 Division Street, began move-ins earlier this year and is celebrating its grand opening on June 8th. Here’s the quick rundown:
Albion Music Row
1503 Mcgavock Street
| What’s Now | 1-story buildings/Parking lot |
| What’s Next | Mixed-Use Development |
| Developer | Albion Residential |
| Architect | Hartshorne Plunkard Architecture |
| Landscape | HDLA |
| Civil | Barge Civil Associates |
| Traffic Eng. | KCI |
| Contractor | TBA |
| Heights | 29 Stories Tower 1 |
| 20 Stories Tower 2 | |
| Residences | 458 Units Tower 1 |
| 392 UNits Tower 2 | |
| Retail | 7,000 SF Combined |
| Parking | 570 Spaces Combined |
The first tower, which is 29-stories and 350 feet tall, will feature 458 units and is expected to break ground by the end of 2023. The second tower is currently planned for 392 units. Both towers will be activated with retail and restaurant spaces at the ground floor allowing for overflow into its : a more than half acre public green space featuring public art and a performance stage and great lawn to encourage regular music uses. In keeping up with the traditions of neighboring Music Row, Albion Music Row will also feature an active recording studio on its list of amenities.
Albion Residential’s team will look to “deliver a project that establishes a new urban residential center in Nashville, while introducing public benefit and superior design”. To learn more about Albion In the Gulch, located just 5 minutes from Music Row, tap the image below the sponsorship grid.
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