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Article: Tarragon Realty Investors Obtains Approval for $40 Million Nashville Redevelopment; Site to Feature 35 Georgian-Style Carriage Houses.
- Article from:
- PR Newswire
- Article date:
- April 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tarragon Realty Investors, Inc. , a homebuilder specializing in the development and marketing of high-density residential communities, today announced approval by the Nashville Planning Commission and Metro Council for its redevelopment of an eight-acre site adjacent to the Cheekwood Fine Arts Museum and Botanical Gardens. Across from Nashville's landmark 2,700-acre Warner Park, the site abuts the city of Belle Meade, the fifth wealthiest city in the nation, where residential lots commonly sell for $800,000 to $1 million.
William S. Friedman, Tarragon's President and Chief Executive Officer, commented, "It is auspicious that our first for-sale venture in ...
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