C
olorado investor Brad Cummings is making a bold move in Nashville's real estate market by putting the 20-acre Clifton Innovation District up for sale. The site, located just west of downtown and north of Charlotte Avenue, offers immense potential for mixed-use projects such as residential, office, and retail spaces. Cummings envisions a development that goes beyond typical multifamily buildings, citing its proximity to the Nashville greenway as a major draw.

    Cummings' company, Commonwealth Avenue Capital Partners, has assembled the site through a series of complex transactions over five years. The process involved purchasing seven parcels from five sellers, including a $3.5 million deal for a 5.86-acre site home to nonprofit Project C.U.R.E., which was relocated and replaced with a new facility.

    Now that Cummings has acquired all necessary properties, he is looking for the right buyer to bring his vision to life. Colliers broker Patrick Inglis notes that there are different options available depending on the user's needs and the structuring elements involved. "It may be multiple transactions that ultimately realize the value we're looking for here," Inglis said.

    The Clifton Innovation District has the potential to support over 2.7 million square feet of mixed-use development, making it a highly sought-after site in Nashville's rapidly growing real estate market.