{"id":1004113438,"date":"2015-02-15T11:07:19","date_gmt":"2015-02-15T19:07:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=325499"},"modified":"2020-05-11T01:35:12","modified_gmt":"2020-05-11T09:35:12","slug":"proffitt-dixon-partners-to-develop-249-unit-fountains-at-germantown-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/proffitt-dixon-partners-to-develop-249-unit-fountains-at-germantown-2\/","title":{"rendered":"Proffitt Dixon Partners to Develop 249-unit Fountains at Germantown"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_325501\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Fountains-at-Mooresville-Town-Square-NC.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-325501\" title=\"Fountains at Mooresville Town Square, NC\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Fountains-at-Mooresville-Town-Square-NC.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Fountains at Mooresville Town Square<\/p>\n<\/div>\n<p>Charlotte, N.C-based Proffitt Dixon Partners will be breaking ground in March on its first Nashville project, the 249-unit Fountains at Germantown, reported the <em>Nashville Post<\/em>. The developer recently closed on the 2.4-acre project site, paying $4.5 million. The seller was R.D. Herbert &amp; Sons Roofing and Sheet Metal Co., which will move from Germantown to West Nashville, spurred by growing investor interest in the dynamic Nashville neighborhood, according to the <em>Nashvillle Post<\/em>. The development team will also include local architects Smith Gee Studio and Civil Site Design Group as civil engineers and landscaping architects<\/p>\n<p>With construction kicking off in March, Proffitt Dixon expects the community to open in summer 2016, <em><a href=\"https:\/\/www.tennessean.com\/story\/money\/real-estate\/2015\/01\/30\/nc-developer-pays-germantown-apartment-site\/22599495\/\" rel=\"nofollow\">The Tennessean<\/a> <\/em>reports. The community will comprise studio, one- and two-bedroom apartment renting from $1,200 to $1,700 per month. Amenities will include a fitness center, pool and high-end club\/lounge.<\/p>\n<p>Proffitt Dixon Partners is a multifamily investment and development firm focused on Class A apartments located in the Southeast. The company\u2019s past experience includes projects in Alabama, California, Florida, Georgia and the Carolinas, with a significant percentage of projects located in the Charlotte Metropolitan Area. Proffitt Dixon has over $200 million in transactions since 2008 and has an active development pipeline in the Carolinas and Tennessee. Among them is Fountains Matthews, a 258-unit luxury residential community that recently broke ground in Charlotte. The $30 million community will feature one, two- and three-bedroom units as well as eight live-work units targeting small business owners. Its recently completed projects include Fountains at Mooresville Town Square in Mooresville, NC.<\/p>\n<p><em><a title=\"Market Snapshot: Nashville Tops $1B in Apartment Sales in 2014, Expects Another Banner Year in 2015\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nashville-tops-1b-in-apartment-sales-in-2014-expects-another-banner-year-in-2015\/1004114540.html\" rel=\"nofollow\">Click here<\/a> for further Nashville apartment market data<\/em><\/p>\n<p><em>Image credits: Proffitt Dixon Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charlotte, N.C-based Proffitt Dixon Partners will be breaking ground in March on its first Nashville project, the 249-unit Fountains at Germantown<\/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-1004113438","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) - 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