Apartments, retail coming to Colonial bakery site in Melrose

Getahn Ward, gward@tennessean.com 5:35 p.m. CST November 20, 2014

A previous conceptual perspective of Broadstone Germantown, which Alliance Residential plans. The company is pursuing another apartment building on part of the former Colonial Bakery site in the Melrose area.

Alliance Residential Co. is expected to be the developer of a 328-unit apartment complex planned on part of the former Colonial bakery site in the Melrose area.

The Phoenix-based multifamily developer is calling the apartments Broadstone Eighth South, according to a concept plan filed with the Berry Hill Planning Commission.

Alliance plans to buy a portion of the overall 6.41-acre site from local investment partnership Eighth South LLC, which two months ago paid up to $9 million for property at 2407 Franklin Pike.

In addition to the apartments, Eighth South plans a 71,000-square-foot separate retail building that's expected to have 340 parking spaces. The apartments will have 480 parking spaces.

Eighth South is seeking permission from Berry Hill's planning commission to consolidate the two lots that make up the property with plans to then partition the site into two parcels for the apartments and retail building.

The retail parcel would be 2.04 acres and the multifamily parcel would be 4.38 acres, according to the documents filed with Berry Hill official.

Under the concept plan, the four-story apartment building will mostly front Elliott Avenue with a section fronting Franklin Pike. The entire retail building would face Franklin Pike.

The former bakery site is split between Metro Nashville and the satellite city of Berry Hill.

In response to calls for preservation of the Southern magnolia tree in front of the bakery building, Eighth South said it is in talks with two individuals and a preservation group about moving the tree elsewhere. "That would be a win-win situation for everybody," said Bobby Kirby, a partner in Eighth South.

Earlier this month, Alliance also paid $5.15 million for property in Germantown where the multifamily developer plans its first Nashville area apartment project. Broadstone Germantown is expected to have 275 units.

Reach Getahn Ward at 615-726-5968 and on Twitter @Getahn.