Meet the Black Man Who Is Leading a Revolutionary Real Estate Project In TN
Reported by Ashley Naples
The project, which is being called 1821 Jefferson, is being assembled by Titus Young Real Estate LLC. It will be taking up six-tenths of an acre and will be found in the middle of the block. It will be in North Nashville next to Dr. D.B. Todd Jr. Boulevard and 21st Avenue North. The concept was approved on Tuesday by a Metro Development and Housing Agency design review committee.
The four-story, 24,000 square-foot building will feature a coffee shop, along with another retail tenant. The building is expected to be very successful, appealing to the three historically Black colleges nearby, as well as the city’s safety-net hospital.
“We’re just trying to bring some respectability, some pride back to the area,” said D.J. Wootson (pictured), a principal in Titus Young Real Estate LLC. Wootson is expecting the coffee shop to be a common gathering area for locals.
If the plans for the building come into fruition, it would become the “first significant multifamily construction for the portion of Jefferson Street” since the Jefferson Manor apartments.
“We’re excited and hope this is the beginning of much more to come,” said Sharon Hurt, the executive director of the community development group, Jefferson Street United Merchants Partnership.
Being referred to as “executive apartments,” Wootson refused to give out any rates for the apartment building’s units. However, the units will reportedly be cheaper than other apartments in the area and will offer both one-bedroom units and two-bedroom units. The one-bedroom units will be around 700 square feet and the two-bedroom units will be around 1,050 square feet. There will also be a leasing office and amenities space located throughout the 6,000 square feet of ground-floor space.
So far, Wootson has said that his partners have already bought one parcel for the project. They are expecting to complete buying parcels by the end of March. His minority-owned development company is currently talking to two different banks regarding financing for the project.
The area is seeing more and more improvements, including a 54-unit apartment building at 10th and Jefferson St. Developed by MDHA. The agency hopes to get the project out for bid within the next month and hopes to break ground sometime this summer.