The Wedgewood-Houston community in south Nashville is quickly gaining popularity amongst Nashvillians. Its borders include Houston Street to the North, Wedgewood Avenue to the South, 8th Ave South to the West and 4th Ave South/Nolensville Pike to the East. Once very industrial this area is being transformed by an influx of infill development, home renovations, and repurposing of space for art galleries and distilleries. Its close proximity to downtown and the demand for new housing has added to the popularity and changing landscape and demographics of this community.
Within the past couple of years smaller developers have built and sold several new single family homes, but horizontal property regimes seem to be dominant. New homes in the first quarter of 2014 were selling for about $169.33 per square foot. Now, new homes are listed for about $195.90 per square foot. That increase has occurred in just one year and those that bought early are already seeing appreciation in their purchase. New homes currently on the market range from about $350,000 to about $450,000.
If all goes as planned this year the Wedgewood-Houston area will complete its metamorphosis with the addition of three new large scale projects:
Core Development has plans for a mixed-use project. They will build on 7.3 acres to allow for a mix of uses. The Tennessean reports that the project will have up to 410,000 square feet of residential and 79,000 square feet of flex space for offices, artisan workspace, retail, music venues and events. Several phases will be needed to complete this project. Mark Deutschmann reports that the first phase would include 70 condo flats or apartments units, 3,000 square feet of restaurant/café space and about 4,000 square feet of flex space. Core is calling it a “live-make”
The developers of Woodstock at Chestnut Hill are targeting a late summer completion for their 42-unit residential project to reside on the border of Wedgewood-Houston and Chestnut Hill. This will be a multi building development and plans for the first building call for 16 rental units. The second building will be larger with 26 units and those may be for sale.
Aerial Development Group is also seeking a rezoning of 1.25 acres on Wedgewood Avenue for its first multifamily project. This would be near Stewart Place and would also be a mixed-use project.
Rumor has it that there may even be a distillery row coming to the Wedgewood-Houston area. This belief may be fueled by Corsair’s recent announcement of its expansion into this area. Several new restaurants are also planned, which only adds to the neighborhood appeal and also increases the demand for new housing.
Some of the other amenities in this area include:
Gabby’s Burgers & Fries– 493 Humphreys Street
Smokin Thighs– 611 Wedgewood Avenue
Santa’s Pub– 2225 Bransford Avenue
Houston Station– 434 Houston Street
Are you interested in scheduling a viewing of a Wedgewood-Houston home listed for sale or to learn more about real estate in Nashville’s Wedgewood-Houston neighborhood? If so, contact Gabriela Lira at 615-440-6327 or by email at firstname.lastname@example.org. Gabriela is a professional REALTOR® and a RE/MAX Elite agent who specializes in Wedgewood-Houston real estate.
Wedgewood-Houston Homes for Sale
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