Nashville-based development company Chartwell Residential has paid $9,475,000 for Midtown property on which it is eyeing a 14-story apartment building, according to a Davidson County Register of Deeds document.

The seven-parcel property on which the residential building will rise offers addresses of 1601-1609-1611-1615-1617-1621-1623 State St. The parcels offer a collective 1.52 acres. A two-story modernist residential building located at 1609 State St. and once home to the Gupton residential program will need to be demolished.

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