A Tampa development firm has secured financing for its first project in Greater Nashville.
Mark Sembler of 2nd Wave Development signed for a $51.92 million construction loan from Synovus Bank (NYSE: SNV), according to newly filed deeds. The attached address was 1500 Bell Road — 34 acres in Antioch where the firm pitched Maxwell Apartments, which comprises 362 units.
The rapidly changing Antioch area has been a major target for apartment developers. Many have landed close to Century Farms, the 310-acre master development spearheaded by Oldacre McDonald.
According to recent Metro permit data, 2nd Wave’s project is slated for 13 buildings, nine garages and a clubhouse. According to a spokesperson, other amenities include:
- two pools
- a dog park
- a steam room sauna
- a salt therapy room
- a fitness center
- a work-from-home office area