East Nashville's Fifth And Main Re-enters Market

State-of-the-Art Mixed-Use Building with129 Condo Units To be Reintroduced with Bold New Pricing

Nashville, Tenn. — The gateway to East Nashville is coming back to life, as Fifth and Main, one of the city's premier high-rise condominium complexes built to LEED standards, has new ownership and will re-open condo sales in April. ACG Equities purchased the property on Feb. 25, and plans to transform the 129-home mixed-use building into a thriving hub in one of the city's most vibrant neighborhoods.

"Fifth and Main is a stunning property that — unfortunately — was a victim of the recession," said David P. Lang, a principal with ACG Equities. "We have long considered Nashville a prime market, so when this opportunity presented itself we jumped at the chance to be part of redeveloping one of Music City's most historic districts."

This April, Fifth and Main will open sales to the public, with its units priced lower than any other comparable condo complex on the market. With a mixture of contemporary flats, lofts and townhomes, the six-story development offers unobstructed views of the Nashville skyline. The homes feature spacious layouts, balconies or rooftop terraces and sizeable kitchens.

"This is one of the best deals in town, with reduced pricing in an area that has seen steady revitalization throughout the economic downturn," Lang said.

ACG Equities has enlisted local groups Village Real Estate, The Mathews Company and Seigenthaler Public Relations to manage the mixed-use property's reintroduction to the market. Lang said since the closing, the property has received steady calls from interested buyers.

"Our firm looks forward to the weeks ahead, when we work with our local partners to offer Nashvillians the opportunity to purchase at Fifth and Main at extremely competitive pricing," Lang said.

About ACG Equities
ACG Equities, Inc., based in Rosemont, Ill., operates as a sponsor/operator specializing in value added commercial property acquisitions/dispositions for its private investors and equity funds. In addition to its Chicago area headquarters, the company operates from offices in the Atlanta, Denver and Minneapolis markets.