Work starts on RiverGate apartment building
Liberty Lofts will offer 42 units near Gallatin Pike
A group of local real estate investors is underway with grading at the site of the future Liberty Lofts, a 42-unit apartment building to be located in the RiverGate Mall area.
A mid-2022 completion is target.
To sit at 125 Liberty Lane and sandwiched by Gallatin Pike and Vietnam Veterans Boulevard, the three-story building will be constructed by Nashville-based Cumberland Contractors Multifamily LLC, the owner of which, Justin Belcher, represents the investor group.
A permit, valued at $4.77 million, has been issued to allow for construction.
Nashville-based Consortium (Paul Bass) is handling architectural duties, and the Ragan-Smith Associates (Matt Lackey) is overseeing engineering work.
Liberty Lofts will offer a mix of one-bedroom/one-bathroom and two-bedroom/two-bathroom units.
Group 2024 LLC owns the 1.46-acre property, having paid $375,000 for it in January 2020, according to Metro records. The property offers a Madison address, though it is located well north of Madison's epicenter.
"We are excited to contribute to the growth of Madison," Belcher emailed the Post. "We can't to see what the next few years hold for this area."
Of note, Belcher and his team also undertook the 31-unit Old Hickory Flats, located south of the site for which Liberty Lofts is planned.
The property sits within Metro Councilmember Zach Young’s District 10.