Getahn Ward

USA TODAY NETWORK – Tennessee

The Millennial-focused Moxy hotel project will include 130 hotel rooms and 6,000 square feet of retail space.

Monthly rents for the 47 apartments should be in the $1,200 to $2,000 range, developer Greg Averbuch said.

Meanwhile, law firm Whitfield Bryson & Mason LLP plans to relocate to a larger Germantown building.

Investor Treg Warner paid $1 million for a Hillsboro Village area office building on Belcourt Avenue.

Construction has begun on the six-story, $37 million Moxy Nashville Vanderbilt Hotel, which is being touted as the first hotel project in Hillsboro Village.

In addition to 130 hotel rooms, the mixed-use development on 0.92 acres at the southeast corner of Belcourt and 20th Avenue South will include 47 apartments, a 200-car garage and 6,000 square feet of ground-floor retail space.

"This development further anchors Hillsboro Village as one of the most popular places to live, to dine and to play," said Greg Averbuch, whose Summit Management Corp. is the developer and will operate the property.

Averbuch said several full-service and casual dining restaurants plus retail and service businesses have inquired about the retail space, which will accommodate one-to-four tenants. Monthly rents for the apartments should be in the $1,200 to $2,000 range, he added.

In addition to Averbuch, Nashville restaurateur Randy Rayburn and real estate developer John W. Nelley Jr. are part of the local ownership group for Moxy Nashville Vanderbilt, which is expected to open in early 2018. Moxy is Marriott International's new experiential, lifestyle hotel brand that's focused on Millennials.

Law firm with growth plans plans Germantown move

A personal injury lawyer has paid $1.38 million for a mixed-use building where his law firm plans to move its Nashville office from another Germantown location.

John C. Whitfield said the three-story, 3,629-square-foot building at 518 Monroe St. would accommodate Whitfield Bryson & Mason LLP's growth plans that include adding seven attorneys here over the next three years. Currently, the firm has three lawyers among five employees overall at 1205 Fourth Ave. N. with offices outside of Nashville in Madisonville, Ky., Raleigh, N.C. and Washington, D.C.

"We like everything that’s going on in Germantown," Whitfield said. "It's a great neighborhood located right off Interstate 65. We like the neighborhood feel and great restaurants."

Whitfield bought the property from Laren Donnelley, who has a separate contract to sell the adjoining 0.18-acre vacant lot at 514 Monroe St. to another suitor.

Realtor Suzanne Elmer of Fridrich & Clark Realty LLC is representing Donnelley. Virginia Degerberg of Village Real Estate Services represented Whitfield in buying 518 Monroe.

Investor Treg Warner expands Hillsboro Village holdings

Real estate investor Treg Warner has paid just over $1 million for a 2,747 square foot office building at 2123 Belcourt Ave. to expand his holdings in that Hillsboro Village area.

Warner already owned the nearby properties at 2117, 2119 and 2127 Belcourt Ave., according to Metro property records. Sushi and seafood restaurant Ru San's is the tenant at 2119 Belcourt.

Design-build remodeling company Trace Ventures Inc. and advertising agency RedRover Co. were among the most recent tenants for the classic 1920's Bungalow-style building at 2123 Belcourt.

Final tract bought for Holiday Jones hotel

Developers behind the 93-room Holiday Jones hotel planned for East Nashville have paid $353,000 for a 0.19-acre parking lot to complete assemblage of property for the project.

The partnership of Adam Leibowitz of Nashville and Mike Downing and Robby Baum of Chicago bought the vacant lot at 809 Main St. from trustees of Ramsey Church of Christ. They now have just over six-tenths of an acre for the hotel, which they plan to start building around May at the corner of Neill Avenue and Main Street.

The church had used the lot that sits behind its sanctuary for overflow parking.

Ohio investor buys Nashville book binder BindTech

An Akron, Ohio-based private investment firm has acquired BindTech of Nashville, one of the nation's largest private trade bindery and book manufacturers.

The purchase by Signet LLC includes 25-year-old BindTech's more than 100 employee, roughly 90,000 square foot manufacturing facility and office at 1232 Antioch Pike.

Family-owned BindTech is the third acquisition in the graphic arts/publishing industry in as many years for Signet, which has owned Cleveland-based Finish Line Binderies for more than a decade. In 2015, Signet bought century-old book binder Riverside Group of Rochester, N.Y. and Massachusetts-based book storage and order fulfillment center Publishers Storage & Shipping Corp.

BindTech's founder and President Dale H. Nichols Sr. is continuing on as a consultant.

Reach Getahn Ward at gward@tennessean.com or 615-726-5968 and on Twitter @getahn.