Nashville-based development company Elmington Capital Group has paid $5.1 million for a Trevecca Nazarene University-area site on which it plans an apartment project, according to a Davidson County Register of Deeds document.

The three-building development will be undertaken on a 5.9-acre site at 101 Factory St., directly south of the Trevecca campus. TNU was the seller, having paid $685,000 for the South Nashville property in October 2015, according to Metro records.

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