Hensler art

Peabody Union

 Courtesy of Ray Hensler, Stiles, Hastings

Nashville-based developer Ray Hensler and partner Stiles have closed on the $16 million purchase of the Rolling Mill Hill property on which they plan their mixed-use project Peabody Union.

The seller was the Metro Development and Housing Agency, the design review committee for which in February approved the final elements of the plan.