East Bank Development Unveils Affordable Housing Plans for Nashville Site

Strategic Insights -

The East Bank developers have revealed renderings and details about the affordable housing development that will anchor their project next to the new Titans stadium. The update from the Fallon Company and its affordable housing partner Elmington Capital Group highlights that the East Bank project will be more than just the football stadium. The development plans include 323 affordable housing units, an 8,700-square-foot daycare center, and 12,700 square feet of street-level retail space.

Key Takeaways:

  • The East Bank development will feature 323 affordable housing units, with 372 parking spaces available for residents and visitors.
  • The development will include an 8,700-square-foot daycare center and 12,700 square feet of street-level retail space, with one potential retail partner being a medical-focused tenant.
  • East Bank Development Authority board member Nathaniel Carter expressed concern that a Nashville resident making minimum wage might not be able to afford even the most affordable unit in the new development.
  • Elmington president Ben Brewer acknowledged the concern and hopes that vouchers will be available to help cover the costs of housing units.
  • The development team plans to submit the building permit application in December, paving the way for excavation work to begin in May.
  • When completed, the East Bank redevelopment will feature a mix of housing, businesses, and green space, along with big anchors like the Tennessee Performing Arts Center facility, Titans stadium, and Oracle campus.

Statistics:

  • 323 affordable housing units will be included in the East Bank development.
  • The development will feature 372 parking spaces for residents and visitors.
  • The daycare center will cover 8,700 square feet of space.
  • The street-level retail space will span 12,700 square feet.
  • The development team plans to submit the building permit application in December.

Sources:

  • Axios, "Nissan retains naming rights for new Titans' stadium in Tennessee" [https://www.axios.com/local/nashville/2023/11/17/nissan-retains-naming-rights-new-titans-stadium-tennessee]
  • Axios, "Nashville East Bank redevelopment plan renderings unveiled" [https://www.axios.com/local/nashville/2022/08/23/nashville-east-bank-redevelopment-plan-renderings]
  • Axios, "Metro East Bank development firm Fallon Company hired for project" [https://www.axios.com/local/nashville/2023/09/12/metro-east-bank-development-firm-fallon-company]
  • The Tennessean, "Nashville East Bank developers detail affordable housing plans, retail space" [https://www.tennessean.com/story/money/2025/06/02/nashville-east-bank-developers-affordable-housing-details/83950761007/]