Friday, December 14, 2012

Sale of Werthan Packaging to developer finalized

An Atlanta developer, who has proposed a huge mixed-use apartment complex with preservation of some of Werthan's historic structures, closed on the property:
SWH Residential Partners has closed on its $7 million purchase of a 13.75-acre site at the historic Werthan complex in Nashville's Germantown neighborhood. SWH Residential Partners plans to kick off a 282-unit, $40 million mixed-use apartment building on the site at 1515 5th Ave. North. The seller was Werthan Packaging Inc.

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