Renderings: Hundreds of Germantown apartments eyed for Q4 groundbreaking

Courtesy of Proffitt Dixon

North Carolina development firm Proffitt Dixon Partners is targeting the end of this year to start construction on hundreds of waterfront apartments in Germantown.

Stuart Proffitt, one of the company’s founding partners, told Nashville Business Journal that he’s in the review process with the Metropolitan Development and Housing Agency. If everything goes according to plan and there are no hang-ups, he’s hoping to break ground in the fourth quarter on 339 units at 900 Second Ave. N.

That first phase would be followed by the eventual construction of a second building, at 1000 Second Ave. N., which would hold more apartments, as well as retail and office space. The Music City Greenway would intersect the two structures.

The total 6-acre project site, which is bounded by First Avenue North, Second Avenue North, Stockyard Street, and Jefferson Street, sits just a few hundred feet from the Cumberland River, around 1,000 feet from First Horizon ballpark and a few thousand feet from the East Bank’s River North development district.

Everything in the East Bank’s radius — including Germantown, Dickerson Pike, and downtown — is expected to benefit from Oracle Corp.’s recent plans to create an 8,500-job tech hub there.

Proffitt Dixon spent $32.53 million on the two development parcels in October 2021.

The firm’s project, dubbed “Stockyard” in filings, comes during a push from real estate executives and the mayor’s office to better orient development toward the Cumberland River. Developers like Ray Hensler, for example, are underway on massive waterfront structures, and Mayor John Cooper announced plans to upgrade First Avenue North, which he referred to as “a front porch” for the river.

EOA Architects, Manuel Zeitlin Architects, and Axiom Architecture are a few members of Proffitt Dixon’s project team, according to documents.

The land at 900 Second Ave. N. currently holds a building that once housed the headquarters for Tennessee’s Department of Child Services. The second is a parking lot.

Proffitt Dixon entered Nashville in 2014 when it pitched 220 units in Germantown, according to the previous reporting from the Business Journal. In September, the firm secured $37.3 million to build another apartment project in Wedgewood-Houston.

Drew Hutchinson


Nashville Business Journal