Rise art

An East Nashville site seemingly eyed for a 17-unit townhome development has sold for $1.8 million.

The new owner of the property, with an address of 1235 Dickerson Pike and located at the T-intersection with Douglas Avenue. The new owner of the 0.83-acre site, on which a one-story retail building previously was demolished, is an LLC affiliated with Scottsdale, Arizona-based Rise Development Co. The boutique development company, officials with which could not be reached for comment, also has a presence in Denver and, locally, in Franklin.