Address: 715 Merritt Ave Nashville TN

Land: 130,680 square feet (3.00 acres)

Apartment Units: 310

Square Feet: 247,000

Buildings/Floors: 3, 5/6-story buildings

Year Built: 2022

Parking: 360 Spaces

UW Yield on Cost: 6.00%

Value Proposition:

Via its Wedgewood Development Partners venture, Wedgewood Avenue is developing the Standard Assembly, a Class A multifamily development in the WeHo neighborhood of Nashville. This project lies within a federally designated Opportunity Zone. TN. Standard Assembly is a multi-use concept featuring 310-residential units with over 13,000 square feet of retail and common spaces. The three-acre campus will consist of three buildings: two new construction and one adaptive reuse. The project broke ground in August and opening is slated for Summer 2022.