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.

The seller was the estate of the late Martha Carol Swafford. Swafford, who died in 2019, seemingly was part of a trust that included individuals who acquired the property in 2002 for $140,000, according to Metro records.

In 2017, the property was offered for sale for $1.4 million.

Of note, H.G. Hill Realty Co., one of Nashville’s most active development and property owning companies, acquired the property in 1934, according to Metro records.

A previously issued Metro permit referenced the 17 residential units.

The Post was unable to determine if brokers were involved in the transaction.

I began my journalism career in Nashville in 1990, with my current position with Nashville Post having evolved since October 2000 (when I was with the now-defunct The City Paper, a sister publication of the Post starting in 2008).

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