GBT has closed on a construction loan with Commerce Bank for new a 3-story, 108 unit multifamily development named Southcrest Reserve. The development is located along Nolensville Pike and Old Burkitt Road and will add to the Southcrest Center currently under construction.
In addition to the announcement of new multifamily, GBT also revealed the list of retailers that will occupy the new Southcrest Center. The retail component is anticipated to open 2nd & 3rd quarters of 2022 and includes the following tenants:
- Scooter’s Coffee
- Orange Theory
- Heartland Dental
- McAlister’s Deli
“We are pleased to advance Southcrest Reserve, a multifamily addition to our under-construction retail destination Southcrest Center. Southcrest Reserve will provide housing inventory for a bustling, multicultural, and dynamic area of Nashville. Residents will have immediate access to a full suite of amenities and retailers on-site while being along a major transit corridor to and from downtown. We’re excited to provide an additive multi-use development to our portfolio in our home market.”Craig Cole, Managing Director at GBT Realty.
Barnett Design Studio is taking on the design of the multifamily component. Amenities include a clubhouse, fitness facility, lounge, coworking areas, as well with a pool and communal grills.
GBT is significantly investing in the Nolensville Road area, currently developing a 7-11 next door to Southcrest between Old Burkitt and Burkitt Road and having delivered Southpointe Marketplace immediately to the north of the project which is headlined by Aldi. Additional area projects from GBT are in the works.
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