New City Unveils Neuhoff’s Next Phase
The now-thriving Neuhoff District used to be a meat packing plant, an assortment of old brick buildings on East Germantown’s riverfront that has been turned into offices, retail and hundreds of apartments. According to the Nashville Business Journal, the first phase cost $550 million.
New City Properties is moving forward on the second phase of Neuhoff District, which will include a new apartment building, an office building and retail structures.
The next phase of Neuhoff will rise at 1324 Second Ave. N. The existing building will be converted into retail space. The next phase also includes a seven-story office building as well as a six-story apartment building with 319 units.
New City Properties bought the 4.77-acre site where the second half of the project is slated to rise in 2019 for $26.25 million.
Cousins Properties Inc. invested $275 million in the Neuhoff development, and JP Morgan is contributing half of the equity. JE Dunn Construction is the general contractor.
