Matt and Martie Burnett remember naysayers calling them nuts and raising safety concerns when the couple began pursuing the nine-unit 1st North development at the northeast corner of Dickerson Pike and Evanston Avenue.
"We explained to them that just under a hundred people a day are moving into the Greater Nashville area," she said. "They don't know the difference between Belle Meade Boulevard and Dickerson Pike and they really don't care. They're looking for affordability and quality in vicinity to downtown."
After selling all nine 1st North townhomes for around $300,000 each, Goodlettsville-based Burnett Real Estate Group is gearing up to start construction on the nine-unit The Vue townhomes across the street.
The Burnetts aren't alone in snapping up land and pursuing projects along the emerging Dickerson Pike corridor, especially the area from just outside of downtown Nashville to TriStar Skyline Medical Center near Briley Parkway. "They're on the western fringe of the gentrifying neighborhoods of East Nashville, so prices and investment interest are pushing further west towards Dickerson Pike," said Randall Gross, a Nashville-based economic and development consultant.
The new residential projects are adding rooftops and increasing opportunities for commercial revitalization along a Dickerson Pike corridor that's largely dotted by mobile home parks, motels, discount retail stores, pawn shops and abandoned buildings. Gross, however, said that the market base for commercial remains constrained by the ...