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10 October 2023

Daily Newsletter

10 October 2023

McShane completes 322-unit multifamily community in Tennessee

The development offers studio and one- to the three-bedroom floor plans.

October 10 2023

McShane Construction Company has announced the completion of a 322-unit multifamily community project in Nashville, Tennessee, US.

Located within Nashville’s Bellevue neighbourhood, the NOVEL Harpeth Heights residential development was designed by architect HEDK Architects.

The concept of Tennessee Heritage, as well as the local history and rural architecture located within Middle Tennessee, served as a design inspiration for the project.

Real estate business Crescent Communities and its partner Pearl Street Partners served as clients for this project.

The community features studio and one to three-bedroom floor plans ranging from 549ft² to 1,529ft².

McShane senior vice-president and regional manager Scott Hoppa said: “We’re pleased to add another successful multifamily project to our Nashville portfolio.

“NOVEL Harpeth Heights is a beautiful development that offers resort-style amenities in a peaceful setting just 15 minutes from Downtown [Nashville].”

The development’s features include Samsung appliances, granite countertops, spacious kitchen islands and tiled bathrooms.

The property also provides more than 28,000ft² of common amenity space for its residents’ entertainment.

Outdoor amenities at the site include a café with grills and a pizza oven, fire pits, a communal garden and a dedicated fitness facility.

The project achieved the NGBS Silver sustainability accreditation.

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

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