Proffitt Dixon Partners has outlined the next phase of its activity at the Second Avenue property where it recently completed Chamberlain House, a 345-unit multifamily community. Earlier this year, the firm wrapped construction on the six-story residential project, which is organized around a central pool area on the first floor.
The developer is now turning its attention to Ferra, a follow-on mixed-use venture planned with 325 apartments and ground-level space designed for retail and restaurant tenants. According to reporting from the Nashville Business Journal, Proffitt Dixon Partners is targeting a 2027 construction start for Ferra, with project delivery anticipated the following year.
Ferra is planned as a taller second phase compared with Chamberlain House, reflecting a different approach to site planning and amenity placement across the property. While the initial phase centers activity at the ground-level pool courtyard, the second phase is slated to feature a rooftop pool and amenity deck, signaling a vertical shift in the resident amenity experience.
EOA Architects and Axiom Architecture are leading design work for the upcoming phase at 1000 Second Ave. N. Their assignment covers the mixed-use structure that will incorporate the residential units above and the planned street-level retail and restaurant space.
Proffitt Dixon Partners assembled the larger redevelopment site in 2021, when it acquired the 5.98-acre Second Avenue property for $32.53 million. That transaction established the land basis for both Chamberlain House and the future Ferra phase, positioning the firm to execute a multi-phase mixed-use strategy on the same tract.
In addition to planning new construction, the developer is also exploring disposition options for a portion of the site. Proffitt Dixon Partners has hired Stream Realty to market a 0.8-acre parcel adjacent to the Jefferson Street Bridge as a potential hotel development opportunity. The marketing effort introduces a potential hospitality component to the area, although specific development plans or partners for a hotel project have not been disclosed.
With Chamberlain House now complete, Ferra queued up with a defined construction window, and a separate hotel pad being taken to market, Proffitt Dixon Partners is advancing a multi-faceted strategy for its Second Avenue holdings that combines stabilized multifamily, pipeline development and prospective third-party hotel investment on a single assembled site.
