{"id":1004109038,"date":"2014-12-08T06:11:23","date_gmt":"2014-12-08T14:11:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=311422"},"modified":"2020-05-22T00:25:19","modified_gmt":"2020-05-22T08:25:19","slug":"the-flats-at-taylor-place-brings-283-units-to-germantown-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\/","title":{"rendered":"The Flats at Taylor Place Brings 283 Units to Germantown"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_311426\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/The-Flats-at-Taylor-Place.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-311426\" title=\"The Flats at Taylor Place\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/The-Flats-at-Taylor-Place.jpg\" alt=\"\" width=\"300\" height=\"168\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Flats at Taylor Place<\/p>\n<\/div>\n<p>Nashville\u2019s apartment market continues to perform at a stellar rate. Thanks to a healthy economy and solid job growth, Music City is attracting new residents at a rapid pace, thus fueling demand for apartment housing.  <a href=\"https:\/\/www.colliers.com\/~\/media\/Files\/United%20States\/MARKETS\/Nashville\/Market%20Reports\/2014%203Q\/NashvilleMultifamily_3Q14.ashx\" rel=\"nofollow\">Colliers International&#8217;s<\/a> latest data shows that Nashville\u2019s annual apartment supply reached 2,587 units as of October 2014, with average monthly rents increasing 1.7 percent in the third quarter. Recorded at $0.982 per square foot in Q3, Music City\u2019s rents are expected to further expand by 2.8 percent before the year is out. Moreover, Colliers\u2019 latest data shows that Nashville boasts a 96.1 occupancy rate, above the 95.8 percent national average.<\/p>\n<p>With annual demand on an upward swing, supply is also growing. Q3 closed with 35 properties under construction in metro Nashville, totaling 7.3 percent of the market\u2019s inventory, the highest rate in the US for Q3. With such healthy market indicators it should come as no surprise that both local and out-of-state investors are trying to get a piece of the Nashville apartment pie.<\/p>\n<p>Among those taking advantage of Music City\u2019s booming apartment market is SWH Residential, the developer of The Flats at Taylor Place. According to <a href=\"https:\/\/www.colliers.com\/~\/media\/Files\/United%20States\/MARKETS\/Nashville\/Market%20Reports\/2014%203Q\/NashvilleMultifamily_3Q14.ashx\" rel=\"nofollow\">Colliers<\/a>, the 283-unit Germantown asset is expected to finish in December. Residents have already moved into the project\u2019s first phase and phase two is leasing up at a rapid pace.<\/p>\n<div id=\"attachment_311427\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/The-Flats-at-Taylor-Place-pool.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-311427\" title=\"The Flats at Taylor Place \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/The-Flats-at-Taylor-Place-pool.jpg\" alt=\"\" width=\"300\" height=\"155\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Flats at Taylor Place &#8211; pool view<\/p>\n<\/div>\n<p>Previously known as The Flats at Werthan Mills and Werthan Flats, The Flats at Taylor Place boasts amenities such as a sky lounge with billiards and game table, 24-hour fully equipped fitness center and aerobic studio, outdoor kitchen, one of the largest pools in downtown Nashville, roof-top terrace with downtown views, four courtyards, a conference room, art nooks, storage units and controlled access, including to the parking garage. The community also incorporates green features and practices such as on-site recycling, generous green areas, stainless steel energy star appliances and incorporating reclaimed design elements and materials from the old Werthan Mills that were cleared for the project. The community is also pedestrian- and bike-friendly, includes a neighborhood dog park and offers greenway access as well.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.nashvillepost.com\/news\/2012\/10\/11\/developer_of_40m_germantown_residential_project_seeks_design_approval\" rel=\"nofollow\">Nashville Post<\/a><\/em>, the development team on the $40 million project includes Smith Gee Studio, Littlejohn Engineering Associates, Hodgson &amp; Douglas LLC. RAM Partners, LLC is managing the apartment.<\/p>\n<p><em><a title=\"Market Snapshot: Nashville\u2019s Booming Economy Spurs Rent Growth Across All Market Sectors, Continues to Attract Out-of-State Investors\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nashvilles-booming-economy-spurs-rent-growth-across-all-market-sectors-continues-to-attract-out-of-state-investors\/1004108162.html\" rel=\"nofollow\" >Click here<\/a> for further Nashville market data<\/em><\/p>\n<p><em>Image credit as The Flats at Taylor Place via Facebook <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nashville&rsquo;s apartment market continues to perform at a stellar rate. Thanks to a healthy economy and solid job growth, Music City continues to attract new residents at a rapid pace, thus fueling demand for apartment housing.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004109038","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Flats at Taylor Place Brings 283 Units to Germantown - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Flats at Taylor Place Brings 283 Units to Germantown\" \/>\n<meta property=\"og:description\" content=\"Nashville&rsquo;s apartment market continues to perform at a stellar rate. Thanks to a healthy economy and solid job growth, Music City continues to attract new residents at a rapid pace, thus fueling demand for apartment housing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-08T14:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T08:25:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/The-Flats-at-Taylor-Place.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"The Flats at Taylor Place Brings 283 Units to Germantown\",\"datePublished\":\"2014-12-08T14:11:23+00:00\",\"dateModified\":\"2020-05-22T08:25:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\\\/\"},\"wordCount\":417,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-flats-at-taylor-place-brings-283-units-to-germantown-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/12\\\/The-Flats-at-Taylor-Place.jpg\",\"articleSection\":[\"Nashville - 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