Plans For Bank Street Building Include Apartments, Retail

When Nashville real estate developer and entrepreneur Darren Metz first checked out the century-old, six-story building on Bank Street about a year ago, he could see its potential as an upscale mixed-use development.

“I was excited when I saw it,” said Metz, who owns the real estate development and private equity investment firm Luxeterra LLC. And, with all the amenities nearby, like streetscape features and Founders Park, “I was kind of surprised no one had taken advantage of it yet.”

Metz now owns the building through Luxeterra, closing on the purchase last month.

Plans for the now-vacant building at Bank and Vine streets include 20 upscale apartments on the second through sixth floors, with a mix of sizes: from a 600-square-foot efficiency to a 1,200-square-foot two-bedroom, “priced according to the market,” he said. “There won’t be anything else like it, for sure.”

“The basement will be for storage and a workout area, and the first floor will be earmarked for a restaurant and retail,” he said.

Metz’s goal for the mixed-use development is to further revitalize the downtown area and contribute to a pedestrian-friendly, “walkable” feel there.

“We hope this will encourage other developers to unlock the value and beauty of these old buildings,” Metz said. “There are a lot more opportunities than completed projects there.” READ MORE>>