Published October 16, 2015 by William Williams
Almost one-third of the residential units in recently opened apartment building Edge Midtown are leased — no more than eight weeks into the process.
Located at the northwest corner of the intersection of 22nd Avenue North and State Street, the 146-unit is distinctive for offering some micro-units, many of which are 450 square feet or fewer (with the smallest apartment spanning a mere 396 square feet).
Elmington Property Management, a division of Elmington Capital Group, is handling the marketing and leasing of the building. Relatedly, the Nashville-based company and Giarratana Nashville, the developer, recently finalized what they are billing as the first offering of one year of free rent to a resident.
Jenny McClain, EPM marketing director, said the team is pleased with the initial effort and resident response.
“We have been very aggressive on our approach to marketing this community,” McClain said. “With the team we have in place, we are very optimistic this leasing pace will continue.”
McClain said the Edge Midtown units are renting for about $3 per foot per unit on average. The majority of the building’s residences are sized between 500 and 700 square feet.