At its board meeting this morning, the Metropolitan Development and Housing Agency awarded a $9 million contract to Nashville-based Bomar Construction to build the Nance Place apartments, a 109-unit complex located in the Rolling Mill Hill area.
The project, a workforce housing development which will feature studio, one-, two-, and three-bedroom apartments, includes an underground parking lot, community rooms on every floor and an interior courtyard.
Mirroring The Gulch's Laurel House Apartments, the develop will keep rents down, with $650 a month the going rate for a two-bedroom unit.
The design, a collaboration between Moody Nolan and DA|AD, is aiming to achieve the U.S. Green Building Council's LEED Gold for Homes certification. Nance Place would be one of only two such projects in the state.
The construction also calls for the development of a greenway along the Cumberland River, as well as the widening and resurfacing of Hermitage Avenue.
According to MDHA, the construction will begin by late August or early September of this year. The agency is hoping to see occupants move in in the fourth quarter of 2010.
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