Terwilliger Pappas Out of Nashville Project

Terwilliger Pappas Multifamily Partners dropped out of the effort by Nashville developer Alex Palmer to build high-end apartments on West End Avenue in Nashville. The development, dubbed West End Summit, has also lost a hotel developer that would have participated, and lender Wells Fargo, though Goldman Sachs has stepped in, the Nashville Business Journal reports. The move doesn't affect Terwilliger Pappas' plans to buy land on 18th Avenue S, a half-mile from the West End Summit site, with plans to develop about 200 apartment units there. [NBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Prolific South Florida Developer Nick Rojo Dies At 44