CA South, a prominent developer, has recently unveiled the Allston Office Condos, a premium Class A office complex strategically located in the vicinity of downtown Franklin, Tennessee. This project represents a significant advancement in the suburban office condo market, combining luxury with functionality.
Project Completion and Occupancy
Completed earlier in the year, the Allston Office Condos have reached an impressive occupancy rate nearing 50%. Situated at 317 S. Royal Oaks Blvd, this development is conveniently located 20 minutes from Nashville, offering optimal access to urban amenities.
Market Position and Brokerage Success
Despite challenges posed by a broader economic slowdown and shifting investor preferences away from office assets, CA South, through its collaboration with Frank Thomasson and Bryan Fort of CBRE, has successfully attracted substantial interest in the project. This interest is particularly strong among professional services sectors, including law firms, contractors, medical services, and financial advisors.
Investment Appeal and Workspace Customization
Allston Office Condos cater to business owners seeking ownership of their workspace, allowing for a fully customizable environment that reflects their brand identity and maximizes productivity. This investment opportunity offers both financial benefits through potential equity gains and the autonomy to tailor the workspace to specific needs.
Office Layout and Amenities
The office complex features 19 units, varying in size from 2,700 to 7,300 square feet, with an average sale price of approximately $1.7 million ($340 per square foot). Select units boast terrace spaces of up to 1,200 square feet, further enhancing the appeal of these office condos.
Location and Local Attractions
Nestled close to the vibrant dining and entertainment district of downtown Franklin, Allston Office Condos offer a highly walkable location with a plethora of options for discerning locals. The area’s charm complements the urban allure of nearby Downtown Nashville, providing an ideal backdrop for businesses and professionals.
Contact and Purchasing Information
For those interested in purchasing opportunities at Allston Office Condos, contact information for Frank Thomasson and Bryan Fort with CBRE is available for further inquiries. This development presents a unique chance to secure a Class A office space in a prime location.
With the completion of Allston Office Condos, CA South reaffirms its ability to deliver exceptional real estate solutions tailored to a discerning niche market.
The project’s success in occupancy and market positioning underscores the ongoing demand for quality, customizable office spaces within the dynamic Franklin area.
Comparative Analysis: Allston Office Condos vs. Traditional Office Spaces
| Feature | Allston Office Condos | Traditional Office Spaces |
|---|---|---|
| Design and Construction | Modern timber-framed design, offering Class A office condos | Often conventional, with standard office buildings |
| Customization | Provides fully customizable office settings for owners | Limited customization options for tenants |
| Investment Opportunity | Ownership allows for potential equity gains and financial benefits | Typically leased, offering no equity or long-term financial gain |
| Amenities | Units can include terraces; development features flexible layout and high-end amenities | Standard amenities without extensive outdoor or flexible spaces |
| Location | Prime location near downtown Franklin and close to Nashville, enhancing convenience and appeal | Varying locations, not always conveniently situated near urban centers or amenities |
Key Features of Allston Office Condos
- Strategic Location: Situated near downtown Franklin and just a short drive from Nashville, combining suburban tranquility with urban accessibility;
- High Occupancy: Achieving nearly 50% occupancy shortly after completion, indicating strong market demand;
- Premium Amenities: Offering terrace spaces and a flexible layout, catering to a range of business needs;
- Professional Services Appeal: Ideal for sectors such as law, medical services, and financial advising, reflecting its versatility;
- Brokerage Success: Demonstrated traction in the market despite economic challenges, thanks to effective brokerage by CBRE.
Innovative Living and Working: Queens Wedgewood Houston
In the midst of Franklin’s evolving commercial landscape, the Queens Wedgewood Houston project stands as a beacon of innovation and modern urban development. This segment delves into how Queens Wedgewood Houston complements and contrasts with developments like the Allston Office Condos, highlighting its role in shaping the future of living and working environments in Nashville’s broader metropolitan area.
Pioneering Mixed-Use Spaces
Queens Wedgewood Houston embodies the essence of contemporary urban planning by integrating residential, commercial, and cultural spaces into a cohesive community. This development not only offers state-of-the-art living accommodations but also fosters a vibrant ecosystem where businesses and creative ventures can thrive. Key attributes include:
- Diverse Amenities: Unlike traditional office-centric projects, Queens Wedgewood Houston provides a rich array of amenities designed to support a balanced lifestyle, including artistic venues, communal spaces, and green areas;
- Creative and Professional Synergy: Facilitating a unique blend of creative studios and professional offices, the project caters to a wide range of professionals, from artists to entrepreneurs, enhancing the district’s dynamic cultural landscape;
- Sustainable Urban Design: Emphasizing sustainability, Queens Wedgewood Houston incorporates environmentally friendly building practices and designs, aiming to set new standards for eco-conscious living and working spaces.
Conclusion
The Allston Office Condos project marks a significant milestone in the evolution of office spaces in Franklin, TN. By blending modern design with the flexibility of ownership, CA South has created a unique proposition in the Class A office condo market. This development not only caters to the specific needs of professional services sectors but also offers a compelling investment opportunity, contrasting sharply with traditional leased office spaces. With its strategic location, customizable environments, and robust market interest, Allston Office Condos are paving the way for a new era of office development, underscoring the changing dynamics of workplace environments and investment strategies in the suburban Nashville area.
