Proffitt Dixon Delivers First Units at Peyton Stakes; Apartment community is first in Nashville for Charlotte multifamily developer
NASHVILLE, TN, September 27, 2016 – (RealEstateRama) — Proffitt Dixon Partners, a Charlotte-based multifamily investment and development firm, said today Peyton Stakes is nearing completion in Nashville and their first residents began moving in last week. The apartment community is comprised of 249 units between two connected buildings.
With a design that complements its location in the historic Germantown neighborhood, Peyton Stakes will feature amenities such as a rooftop sanctuary with skyline views, a creative art studio, an athletic club with yoga and barre studio space, a fully equipped music rehearsal space, Google Fiber service, a pet spa and a saltwater pool with sun shelves, hot tub and outdoor theater. The community will also include a clubhouse with a private conference room, open green space with fire pits and an outdoor kitchen with grills.
“At Peyton Stakes, residents will enjoy a community with extensive modern amenities, some of the city’s best restaurants within walking distance, an adjacent public park and greenway, and easy access to all of Nashville’s in-town employment nodes,” said Stuart Proffitt, Managing Principal with Proffitt Dixon Partners.
JLL’s Project and Development Services team, led by Ken Walsh in Charlotte and Brian Feldmeier in Nashville, provided construction management services for Peyton Stakes.
Peyton Stakes is Proffitt Dixon’s first community in Nashville; their six other communities are in North and South Carolina.
“We are delighted to help introduce Proffitt Dixon Partners and its exceptional approach to the Nashville market, and we look forward to completing construction of Peyton Stakes this winter,” Walsh said.
Doster Construction is the general contractor on the project, Smith Gee Studios is the architect and financing is being provided by Synovus.
About Proffitt Dixon Partners
Proffitt Dixon Partners is a multifamily investment and development firm with a focus on Class-A apartment communities in the Southeast. The firm has closed transactions valued at over $400 million since 2008 and has an active development pipeline in North Carolina, South Carolina, and Tennessee. Proffitt Dixon Partners continues to seek unique opportunities in markets and submarkets with high barriers to entry, solid multifamily fundamentals, and strong population growth.
The Proffitt Dixon team has over 40 years of combined urban residential, mixed-use, multifamily development and investment experience in the Carolinas, Florida, Georgia, Alabama and California. The team’s experience spans from the development of high rise urban projects to suburban multifamily, apartment acquisitions as well as value-add investments. Throughout their careers, the partners have developed more than 7,500 multifamily units valued at greater than $1.5 billion.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.