Developers Rebrand Nashville’s East Bank

A group of Nashville developers is looking to reshape the city’s riverfront with a new name and a bold vision.

Rebranded the River District on the East Bank, the area spans 750 acres along the Cumberland River in northwest Nashville, where nearly 25 developments are already in the pipeline, the Nashville Business Journal reported.

The River District is being pushed by CET Holdings, E3 Construction Services and Red Seal Homes, each of which has active projects in the area. CET Holdings is behind the Horizon mixed-use development and Bentley Ridge townhome communities, while Red Seal is advancing its Proximity and SkyVue residential projects. E3 Construction holds the largest land portfolio and is planning four residential projects within the district.

The rebranding comes as Texas-based Ewing Properties’ recent $200 million listing for The Riverside, a 65-acre waterside site slated for a massive $2.5 billion development. Three public parks and 5 million square feet of residential, office and retail space are in the plans. Rob Lowe of Stream Realty is marketing the property.

The River District lies a few miles from major developments along West Trinity Lane, including the under-construction Titans stadium and Oracle’s planned tech hub and headquarters on the East Bank, set to connect to New City Properties’ mixed-use redevelopment of the Neuhoff meat-packing plant.

Also in the East Bank, Carl Icahn’s firm is selling a 45-acre former scrapyard for $225 million. A local investment group led by veteran investors J. David Byerley and Sam Lingo are acquiring the property at a price well above its previous $25 million book value. The investment group initially targeted $350 million in fundraising for the acquisition.

— Judah Duke