A North Davidson County site located near various properties either being developed or eyed for future projects has sold for $2.5 million, according to a Davidson County Register of Deeds document.
With a main address of 625 W. Trinity Lane, the six-parcel site covers about 1.57 acres and sits within the general Haynes area.
The new owner is an LLC affiliated with Chicago-based development company Tunney Group. A loan for $1.5 million has been secured from Crystal Lake, Illinois-based Crystal Lake Bank and Trust Co.
Lauryl Pate Chalfin, a Franklin-based certified senior adviser, and a silent partner, were the sellers. They paid $653,000 for the property in three transactions in 2017, according to Metro records. Chalfin serves as president of the area's Long-Term Care Advisory Council.
Of note, the Post reported in April the sellers had offered the land for sale for $3,475,000 — more than five times the figure for which it last sold four years ago.
The sale is the equivalent of about $1.59 million per acre, with the property offering a commercial zoning and mixed-use development opportunity. Jana Truman and Carly Radzimanowski, founder and agent, respectively, with Nolensville-based Accel Group, represented the sellers.
Tunney Group is underway with construction of residential project The Avery in Inglewood (read here). Company officials could not be reached for comment, but a source said the buyer did not have broker representation.
Other projects underway in the general area are North Lights and Proximity. In addition, a garden-style apartment project is planned for 819 W. Trinity (read here). Similarly, a development is planned within the 800 block of West Trinity Lane (read here).
The just-sold north side site sits within Metro Councilman Kyonzté Toombs’ District 2.