Meet the new neighbor of Yazoo Brewing and Gulch's Icon tower

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DA|AD Group // provided by Mainland Cos.

A rendering of the building going up at 1000 Division St., in Nashville's trendy Gulch. The building is positioned between Yazoo Brewing Co. (whose brewing still is silhouetted at right) and Icon in the Gulch.

Adam Sichko

Senior Reporter- Nashville Business Journal

Email  |  @NSHBIZSichko  |  LinkedIn

A Nashville developer on Wednesday detailed a five-story building planned for the Gulch, featuring high-end apartments and some noteworthy neighbors.

The Mainland Cos. expects to break ground next month on a building that will include ground-floor retail and 31 apartments. The project is named for its address, 1000 Division St.

To the east is Yazoo Brewing Co., a Nashville craft brewery. To the west is Icon in the Gulch, a combined tower and mid-rise with more than 400 condos.

The building fills in a 0.3-acre piece of the Gulch, which over the past 15 years has transformed from a rail yard into one of Nashville's vibrant areas, teeming with upscale restaurants, trendy retailers and luxury condo high-rises. Today, nearly 500,000 square feet of top-grade Class A office space is under construction, and a pricey boutique hotel is on its way.

"We envision a place that still offers all of the convenience of proximity, entertainment and dining attractions, but also provides a more intimate living space that emphasizes privacy over unit volume," said James Lennon, chief operating officer of The Mainland Cos., said in a press release.

The Mainland Cos. did not disclose the project's total cost, or what price range the apartments would rent for. The building is scheduled to open in early 2016.

The property's previous owner is Michael Lindseth Jr., who is a senior vice president at Pinnacle Financial Partners. Lindseth is a member of the LLC for the 1000 Division project, along with The Mainland Cos., and contributed his land to that entity.

The firm T2 Capital Management, of Chicago, is Mainland's primary equity partner for the project — marking T2 Capital's entry into Nashville.

Adam covers commercial real estate and manufacturing.