East Nashville's Fifth And Main To Offer 23 Affordable Housing Units

Nashville, Tenn. — Fifth and Main, one of Nashville's premier high-rise condominium complexes built to LEED standards, has announced that it will offer 23 affordable housing units to qualifying buyers when condo sales resume in April. ACG Equities recently purchased Fifth and Main, formerly in foreclosure.

"Because these condos are located in the up-and-coming East Nashville community, their property value is expected to increase tremendously over the next several years," said David P. Lang, a principal with ACG Equities. "Fifth and Main is the only development of its caliber currently offering this number of affordable housing opportunities. This is a rare opportunity to buy into an emerging neighborhood at an exceptional value."

The developers are working with Metropolitan Development and Housing Agency to ensure that Fifth and Main offers housing options to people of diverse socioeconomic levels. These units will be available to households earning less than 80% of the area median income.

Next month, the 129-home mixed-use building will open sales to the public, and the 23 affordable housing units are expected to be among the first sold. Prices will start as low as $129,900 for the modern loft, one- and two-bedroom homes, which feature open layouts, balconies or rooftop terraces and sweeping views of downtown and East Nashville.

As the only self-contained urban community in the area, Fifth and Main is poised to flourish at the gateway to East Nashville, with easy access to everything from public transportation, local eateries and bars, and popular downtown attractions.

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.