Author: William Williams
July 18, 2019
A Sylvan Park site once home to Ed Lindsey Industries for the Blind is slated for a mixed-use development to offer two buildings with medical office, general office and retail spaces.
Construction is tentatively set to begin in the third quarter on what will be called Lindsey's Corner - paying tribute to the 1.41-acre site's history. A late 2020 completion is eyed. The address is 4110 Charlotte Ave.
The owner of the site, 4110 Charlotte Avenue Investors LLC (an entity affiliated with Mt. Juliet-based Agilitas Property Development) will serve as developer. Agilitas is known for its focus on the development of medical office buildings.
Lindsey's Corner will offer a three-story building featuring two floors of general office over one level of retail that will front Charlotte. A four-story medical office building will be positioned to the north and face 42nd Avenue North.
To be given a contemporary design, the two buildings will be positioned at the sidewalk in an urban-oriented manner, and both will offer structured garage parking. The development will include a handful of surface parking spaces that will be concealed by the two buildings.
Sharon Emerson Greaves, founder of Mt. Juliet-based Momentum Commercial Real Estate Services, is handling marketing, leasing and management for the owners. She declined to offer information regarding possible future tenants.
"Lindsey's Corner will offer strong access to downtown, Midtown and the interstate," Emerson Greaves said. "Location is the key for all users as the site is minutes from hospitals and other medical facilities."
Nashville-based Hayden Architecture and Interiors is handling design, with Mt. Juliet-based Fortis Constructors to serve as general contractor.
The LLC paid $5 million for the property in April. Wilson Bank & Trust provided a $4.7 million loan. The State of Tennessee was the seller.
The project is named for the late Edward Lindsey, who was president of Ed Lindsey Industries for the Blind and served on various boards during a lengthy career. Lindsey died in 2011 at age 95.
The site sits just west of Sylvan Station (home to Novatech and Five Points Pizza) and is considered by many as located within the northern segment of Sylvan Park. It is also located near both Sylvan Heights and The Nations in a section of the Charlotte corridor that is primarily commercial and home to a number of recent developments.