NASHVILLE, Tenn. (April 21, 2011) — Terrazzo, the Silver LEED-certified mixed-use development in The Gulch, has sold 102 of its 117 condominium homes, and only 15 homes remain available for sale, announced Burgin Dossett, senior vice president of Crosland Tennessee, Terrazzo’s developer.
“Terrazzo has experienced steady sales for the last 18 months and is now 87% sold,” said Dossett. “The homeowners have taken an active role overseeing the Terrazzo Homeowners Association, and Terrazzo has become the vibrant community we had envisioned.”
Homes that remain available for sale include two-bedroom condominium flats that range from the mid $300,000s to the low $500,000s and two-story penthouses that are priced from mid-$800,000s to $1,150,000.
Terrazzo’s commercial space has also experienced increased activity and is now 55% leased.
“As Nashville’s economy continues to grow, we expect to sell most of our remaining residential inventory and lease another 25% of our office space by the end of the year,” said Dossett.
More information on Terrazzo can be found at www.terrazzonashville.com
Terrazzo is a 300,000 square-foot, $68 million, 14-story mixed-use development, with four floors of retail and office space topped by 10 floors with 117 high-end condominiums. It is the first fully integrated mixed-use project in The Gulch and downtown Nashville’s first LEED-certified high-rise. Terrazzo is also the first LEED-certified mixed-use high-rise in Tennessee and the largest LEED-certified mixed-use residential high-rise in the Southeast.
Terrazzo is located at 700 12th Avenue South, at the corner of 12th Avenue South and Division Street, at the southern gateway to The Gulch. For more information about Terrazzo, visit www.terrazzonashville.com .