11 Oct Southerly at Crossroads
BCDC and Ventures Development Group joined their fourth multifamily project to develop Southerly @ Crossroads, a 300-unit, garden-style, multi-family product. The Project spans 300 units across six (6) residential buildings and one (1) clubhouse and amenity building. The development will consist of 3- and 4-story buildings. The clubhouse and amenity building will include office space to consist of five (5) individual offices and a shared conference room.
The Property’s 300 units are comprised of nine different floorplans, including one-bedroom units (148, 49% of total), one-bedroom units + den (14, 5% of total), one-bedroom live/work units (4, 1% of total), two-bedroom units (120, 40% of total), and three-bedroom units (14, 5% of total). The unit sizes range from 631 SF – 1,325 SF and average a total of 886 SF.
Co-Sponsors: BCDC / Ventures Development Group
Lender: First Horizon Bank
Preferred Equity: Origin Investments
Architect: Arrive Architecture Group
General Contractor: CEI