Parkside Builders plans to start construction next week on Walden Village, a residential development with 34 cottages and townhomes on the south side of Trevecca Nazarene University's campus on Murfreesboro Pike.
The Nashville-based homebuilder paid the university $950,000 for 3.5 acres on Nance Lane where it plans the homes that will sell for between $213,900 and $254,900.
"It's all about creating a community around an urban campus," Parkside Vice President Randy Chastain said about Walden Village and other potential future developments the homebuilder hopes to pursue with Trevecca.
Near the Walden Village site, Trevecca is negotiating with another developer to build an apartment building as part of a separate 3.5-acre development facing Parris Avenue.
Walden Village will be built in two phases with all but six homes in the first phase, Chastain said. All of the homes will have garages off an alley in the back, he said, adding that at least 10 are already under contract.
"You're buying homes with garages and near downtown for below $250,000," Chastain said about the homes targeting people affiliated with Trevecca and others who want to live near a university campus. "That’s why they’re going so fast."
Towne Creek Realty brought Trevecca and Parkside together and is helping the university with efforts to create diverse and affordable housing options at the adjacent development that will include the apartment building.
Elsewhere in Nashville, Parkside recently paid $945,000 for just ...