Chicago-based Albion Residential has secured construction financing for the first of its two planned towers at Albion Music Row. The first tower will rise 29-stories and includes 458 units. Once the second tower is completed, Albion Music Row will eventually include more than 850 units and feature restaurants, retail, and a dedicated public plaza Tower 1 has prominent frontage along 14th Avenue South and sits on the boundary between Midtown and Downtown Nashville. The project is located at 1501 McGavock Street.
Shown for context only.
“Albion Music Row is the first project to advance and begin to establish the former Beaman property as Nashville’s next great urban neighborhood,” “With the success and accolades earned by Albion in the Gulch, our first project in Nashville, we believe the market now understands what separates our properties when it comes to luxury, design and amenities. We’re excited to take our work to another level in Nashville with Albion Music Row.
Jason Koehn, President at Albion Residential.
Albion Music Row’s site 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 project is also part of the redevelopment of the Beaman Automotive campus. The project will join a slate of new infill developments that will transform Midtown into a new live-work-play destination. The map below shows a sample of adjacent developments for context.
Albion Residential was represented by JLL who secured a construction loan from Pacific Life Insurance Company for the first tower. The JLL Capital Markets Debt Advisory team was led by Matthew Schoenfeldt, Mary Dooley and Brian Dawson. “Albion Music Row is an exceptional project, and the construction financing terms reflect this fact,” Noted Schoenfeldt of JLL. “Albion is the vanguard of architecture, amenities, and aesthetics, not only elevating but redefining luxury living in markets where they invest. Albion Music Row will continue this tradition.” 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 |
| 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 |
| Contractor: | Clark Construction |
Designed by Hartshorne Plunkard Architecture, both towers will be activated with retail and restaurant spaces on the ground floor. This street level activation is anchored by public green space which spans nearly acre. The green space will feature 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.
Phase 1 will include a mix of studio, one, two, and three bedroom apartments. It will also feature micro-units at a lower price point, making it accessible for more residents. There is also 4,000 SF of restaurant/brewery space and 270 parking spaces in this phase. The Albion brand is known for its comprehensive amenity offerings. Some featured amenities include 10,000 SF of indoor co-working space and amenities, indoor outdoor fitness studios, and rooftop amenities which include a library and pool deck to name a few.
This is Albion’s second large-scale project in Nashville’s urban core; building on the success of its comprehensive luxe lifestyle brand. The developer recently completed Albion in the Gulch, a $140 million tower which opened in Spring of 2023. Construction on the midtown tower begins immediately with an expected delivery in Fall 2026.
Be sure to subscribe for more on this and other Developments In & Around Nashville!
