Luna is the latest addition to the assemblage of modern new apartments and condos by developer CA South in Edgehill. The apartments offer sweeping views of downtown Nashville and features retail space which sits prominently facing the 8th Avenue South corridor. Its central location gives it the unique opportunity to provide retail continuity between the popular Gulch and Wedgewood-Houston neighborhoods. The project is located at 1009 8th Avenue South.
“This neighborhood is great because its walking distance to both Downtown and the Gulch but it’s outside of the noise and craziness of all the tourism, so it’s very livable and convenient. You have great access to the freeway without tons of parking and you can really get anywhere you need to go in 10 mins, it’s really the heart of the New Nashville we all love”.
Meg Epstein, Founder & CEO of CA South
Brokered by Sagemont, Luna consists of 2,468 SF of highly visible street facing retail/office space. The shell space features 16’ ceilings with stunning lighting, great visibility on 8th avenue next to the building’s fitness center, and a 1,500 gallon grease trap making it restaurant ready. Ample parking is located onsite, along Olympic Street, and is serviced directly by WeGo bus route 8. The property has complete sidewalk infrastructure as well as planned multimodal improvements.
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“The corner retail offering we have listed within the Luna project on 8th avenue is strategically positioned to succeed in both retail and creative office endeavors. This segment of 8th Avenue stands as a prime opportunity to seamlessly connect downtown with the Melrose district of this prominent corridor. Given the substantial traffic from both residents and tourists alike, there is room for a variety of uses to flourish. Something I see doing well in these urban environments, is a grab & go bodega style market”.
Lanier Daniel, Brokerage & Advisory at Sagemont
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Developer CA South has created 235 multifamily units along the 8 South Corridor which includes 50 condos at Alina, 77 condos at Illume, and 108 apartments at Luna. There is also a mix of planned projects by other developers in Edgehill and nearby Wedgewood-Houston which could potentially bring more multifamily traffic to the corridor.
The 8 South Corridor extends from the KVB circle to I65 where it then becomes Franklin Pike. Existing retail includes a mix of long time favorites and recent additions which includes Zaines Comedy Nightclub, 8th & Roast Coffee, and Publix. The map below shows a sample of the nearby retail for context.
“Over the last couple years, we have seen record population growth in Nashville leading to a low vacancy and supply in the retail sector. The Gulch has continued to be the strongest area for retail sales in the state. According to TN Gov, Davidson county saw $11B in sales in the first 6 months of 2023. With the best retail locations being snatched up quickly, Luna provides one of the best retail spaces available in the city. Positioned perfectly as the next arm of The Gulch. “
Stephen Kunkel, Asset Manager – CA South
For more on retail opportunities at Luna contact Lanier Daniel at Sagemont.
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