Luxury townhomes planned for West End Park
AUTHORS Linda Bryant
A local boutique developer is targeting a September grounding breaking for a seven-unit luxury townhome project in West End Park near Centennial Park.
Dubbed The Townhomes at Parthenon, the project will have addresses of 3131 and 3133 Parthenon Ave. and is being developed by B.J. Jenkins of Broadway Building Group. The three-story townhomes — four to face Parthenon and three to be positioned in the back of the property — will span 1,900 to 2,200 square feet and priced in the $600,000 to $800,000 range. Each unit will include high-end finishes, rooftop decks and two-car garages.
Jenkins, a Nashville native, has spearheaded infill developments in The Nations, Sylvan Park and East Nashville. He will serve as both developer and contractor for the townhome project.
Jenkins has enlisted the Franklin office of Pittsburgh-based Civil and Environmental Consultants Inc. for entitlement effort. The team will go before the Metro Planning Commission on Thursday, Aug. 24, to seek a variance to the area’s urban design overlay.
Jenkins said he is optimistic for the variance given West End Park is known for high-density projects. Furthermore, the building site, which is about 20,000 square feet, is approved for 12.5 units, notably fewer than the seven being planned.
A completion date of summer 2018 is anticipated. No rezoning is needed.
“This is our largest project to date,” Jenkins said. “Our intent is to provide a very nice luxury product that’s in the spirit of a brownstone. It will have a courtyard between [the two buildings] and be gated. We’re very excited because the location of this property is so prime.”
Jenkins doesn’t think Nashville’s luxury home market is tapped out.
“We’ve done our research and found that the market is good for products in the $600,000 to $800,000 range,” he said. “It's when you hit the $1 million range and beyond that sales become more difficult.”
Broadway Development Group typically builds 15 to 20 homes a year, Jenkins said, adding that price points of the homes he previously has developed have been in the $399,000 to $450,000 range.
Nashville-based Jenner Design is the project architect. Felts Realty Partners, which is also locally based, will handle marketing and sales. Arkansas-based Simmons Bank, which has a West End Avenue office, is providing the construction loan.