Published January 30, 2015 by William Williams

Charlotte, N.C.-based apartment developer Proffitt Dixon Partners is targeting a March groundbreaking for its Fountains at Germantown project after having closed on the purchase of the site yesterday.

Proffitt Dixon paid $4.5 million for the 2.4-acre property, which is located at 1407 Third Ave. N. in Germantown.  R.D. Herbert & Sons Roofing and Sheet Metal Co. was the seller.

The apartment building will offer 249 units and sit on an site adjacent to the soon-to-open Butchertown Hall restaurant and bar. Its exterior will feature brick, glass and fiber cement siding. The Fountains at Germantown is a working name, according to Stuart Proffitt, the company’s managing principal.

The project would be the first in Nashville for Proffitt Dixon Partners.

“We’re excited about the momentum being seen in Germantown,” Proffitt said. “We are also hoping to create a mutually beneficial relationship with Butchertown Hall, which we think will be incredibly successful.”

The architect is Nashville-based Smith Gee Studio. Civil Site Design Group is handling civil engineering and landscape architecture work.