Significant upgrades and additions planned for Altamont Point
NASHVILLE – Grover Corlew announced today the purchase of its fifth residential complex in Nashville. The Florida-based real estate investment management firm has acquired Altamont Point and is planning to renovate and add community-style amenities to the property, which was originally built in 1966.
Located at 860 Murfreesboro Pike, Altamont Point is set on 16 acres and features 20 two- and three-story buildings with 371 garden-style apartments. Apartments will receive all new upgrades ranging from new appliances, lighting and cabinets to stylish countertops and flooring. There also are plans to rename the property, update the two pools and add a fitness center and clubhouse.
“We are excited about the changes we will bring to this property,” said Partner Anuj Grover. “The maintenance has been neglected and some units were in total disrepair. With many companies relocating here to take advantage of the growth in the healthcare and music industries, Nashville is a red-hot market right now.”
Altamont Point is centrally located at 860 Murfreesboro Pike, which is at the intersection of Interstates 40 and 24 and the 440 loop. Within three miles of downtown Nashville and the airport, Altamont Point is surrounded by diverse entertainment, employment and retail options.
Grover Corlew, which focuses on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S., also has acquired the following residential complexes in Nashville: Willow Grove, Woodbridge, Beechwood and Abbington Heights.
# # #
About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.