Work starts on affordable housing project

 

Nashville real estate company Clear Blue Company has announced the start of an affordable housing project to unfold on a site located northeast of downtown, with a 24-month construction timetable set.

To offer a collective 238 apartments in seven buildings, plus a clubhouse, the $65 million project will unfold on a 10.7-acre property located at 301 Ben Allen Road. The tentative name is Ben Allen Ridge.

According to a Davidson County Register of Deeds document, an LLC affiliated with Clear Blue and partner Appalachian Home & Health Inc. recently paid $4.75 million for the property, which is sandwiched by Dickerson Pike on the west and Ellington Parkway on the east.

A release notes the development will offer a mix of one-, two- and three-bedroom apartments and target residents earning no more than 60 percent of the Nashville area’s median income. In addition, five units will be set aside for residents earning 30 percent or below the median income, with five other apartments to be reserved for individuals experiencing “situational homelessness,” according to the release.  

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