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YMCA Property sold for nearly $7 million

Posted: 10:37 PM, Nov 25, 2019
Updated: 2019-11-26 20:27:27-05
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NASHVILLE, Tenn. (WTVF) — A 30-story apartment tower will replace former YMCA property and cater to people wanting to stay next to Nashville Yards and other developments in the area.

Giarratana Development closed on 900 Church Street on Monday - paying nearly $7-million dollars for the building formerly owned by the YMCA and a parking lot.

“This opportunity really presented itself only recently, and we feel very fortunate to have the opportunity to develop this tower," Tony Giarratana said, adding that while it's a small piece of land, they have experience in projects like this. “We have made a business out of developing difficult or challenging properties. This particular one is certainly not the most challenging that we’ve ever developed.”

The plan is to build a 312-unit, 30-story building for apartments and condos. It's expected to open in summer of 2022 and feature among other amenities, a rooftop pool that has a glass floor that goes over the side of the building, and large terraces for people to socialize.

“We have these multi-story tall terraces every several floors which will permit our residences to mix and mingle," Giarratana explained. “It’s a very important part of urban high-rise living is to get to know your neighbors and interact with your neighbors, so we always create these gathering spaces."

Giarratana Development is responsible for other buildings like The 505, Viridian Tower, Cumberland on Church and The SoBro.

The YMCA has 90 days to vacate their property, which according to Giarratana was surplus property for the YMCA. After the 90 days, demolition will begin, followed by construction of the new tower.