SomeraRoad, one of the city’s most transformative developers, has once again expanded its land holdings in an artsy neighborhood south of downtown.
The New York City firm, which has been steadily moving key executives to Nashville, spent $10.5 million on the 1.5 acres anchored at 1312 Martin St. in Wedgewood-Houston, according to newly filed deeds. A $7.03 million InsBank loan accompanied the sale.
Jonathon Reeser, SomeraRoad’s director of acquisitions, said there are “no imminent plans to announce at this time.”
“We’re continuing to invest and expand our footprint in our home neighborhood of Wedgewood-Houston,” he added. “The acquisition, located in the heart of one of Nashville’s most exciting neighborhoods, is a great addition to our Nashville portfolio.”