Aerial Development Group plans late next month to seek a rezoning of 20 acres on West Trinity Lane for which the developer has a mixed-use community with more than 350 residences on the drawing board.
Tentative plans that Nashville-based Aerial presented to community leaders call for up to 100 townhomes or condominiums, up to 236 apartment units plus a dozen cottages and 10 single-family homes.
Up to 20,000 square feet of commercial space targeting retailers and restaurants is also planned along the 400 feet of frontage along West Trinity Lane.
“We are very excited to be working with this incredible neighborhood and to continue heavily investing in this area, which we believe is an important part of Nashville’s growth and success,” said Britnie Turner, Aerial’s founder and CEO.
Her comments come just over a year and a half afterAerial first said that it was considering options for the property it owns at West Trinity Lane and Old Matthews Road. The site with 501 W. Trinity Lane as its address is across the street from Haynes Middle School.
Aerial plans community meetings later this month and next month in advance of the filing with the Metro Planning Commission, which would seek specific plan zoning. The current medium density residential zoning requires a minimum 7,500 square foot lot and is intended for single-family dwellings.
DeCosta Hastings, the area’s Metro Councilman, said interest is picking up in that northeast Nashville community that hasn’t benefited much from the city’s real estate boom.
“This will give a new mark that should last and go forward for the next century,” Hastings said about Aerial’s planned project and several others in the works.
Further down West Trinity Lane, area businessman/developer Dean Patel is pursuing plans for a roughly $20 million, 66-home subdivision on 23 acres. That location including 869 W. Trinity Lane is east of Old Buena Vista Road and next to the Abernathy Truck Salvage Inc. salvage yard.
Corey Jenkins, a member of community group Nashville North by Northeast Unitedwho’s also an assistant to Councilman Hastings, likes the mixed-housing feature of Aerial’s planned community.
“That’s kind of a model of what we would like to see all over the district,” he said. “That allows people of all income levels and walks of life to enjoy living together in the community.”
The largest single-family homes planned are expected to be on 7,500 square feet lots. The apartments could include 600-to-800 square feet units, while some of the homes could have roof decks with views of the Nashville skyline. The residential community is expected to include walking trails along with improvements to sidewalks.
Read original article: http://www.tennessean.com/story/money/real-estate/2016/03/09/aerial-development-eyes-350-residences-west-trinity-lane/81531498/