ATLANTA, April 27, 2016 /PRNewswire/ -- PGM Properties, LLC, a Brentwood, TN-based multifamily and retail developer, Coro Realty Advisors, LLC, an Atlanta-based retail owner and operator, and Regent Homes, one of Nashville's largest homebuilders, purchased a twenty-two acre parcel at the corner of Burkitt Road and Nolensville Pike in Nolensville, TN. The group plans to develop the site at 7022 Nolensville Pike into a mixed-use project consisting of approximately 200 housing units and 36,000 square feet of retail space. PGM Properties and Coro Realty will oversee the property's retail portion, tentatively called the Shoppes at Burkitt Place, and Regent Homes will lead the residential development. Site work is expected to commence in the third quarter of 2016.
PGM Properties plans to sign service and amenity tenants, such as restaurants, medical uses and shops. "That area is just exploding. It is coming into its own, particularly with the growth of Nashville. We see a significant retail need there," said John McReynolds, principal of PGM Properties.
Regent Homes plans to price the Townhomes between $230,000 and $300,000 and the condos are slated to cost from $170,000 to $200,000. Smith Gee Studio will perform the project's design and architecture work and the project's engineering portion will be led by Civil Site Design Group.
About PGM Properties
PGM Properties is a full-service commercial development, leasing and management company focusing on quality retail shopping centers. With over 75 years of direct commercial real estate experience among its four principals, PGM Properties possesses the dedication and experience to carry projects from inception to completion.
About Coro Realty Advisors
Coro Realty Advisors, LLC was founded in 1997, and is synonymous in Atlanta and the Southeast with intelligent real estate development and investment. The firm engages in Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.
About Regent Homes
Regent Homes has been building new homes since 2000 in the Nashville Market. The company believes in building quality, energy efficient homes at a fair price with follow-through after the sale. Regent Homes credits its success to its team of experienced and dedicated employees who take pride in each and every Regent home built.
Kristian Hayden, 404-846-4002, Khayden@cororealty.com
SOURCE Coro Realty Advisors, LLC