Monroe Investment Partners to Develop 125-Acre Mixed-Use Project in Nashville
NASHVILLE, TENN. — Chicago-based Monroe Investment Partners plans to develop River North Development District, a 125-acre mixed-use project situated along the Cumberland River in Nashville. The development is a public-private partnership between the Metropolitan Government of Nashville and Davidson County and Monroe Investment, which owns or controls 105 acres of the site. Phase I of the project, known as The Landings, will break ground this year. Encompassing 40 acres, The Landings will include office, retail, multifamily and hospitality components. JLL’s Nashville office is marketing The Landings for lease. Monroe Investment plans to develop some of the sites at River North Development District, but plans to sell, lease or joint venture a majority of the parcels. As part of the public-private partnership, Monroe Investment will donate about 50 acres to the Metropolitan Government for the development of a riverfront greenway system, interior site public parkland, roads and common areas. The River North Development District project team includes Hastings Architecture Associates, Civil Site Design Group and Waller.