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Deals & Dealmakers

Turnbridge Equities Brings 116,500-square-foot Mixed-Use Retail and Office Development to Nashville

 Turnbridge Equities (Turnbridge)—an investment and development firm that brings a dynamic approach to the traditional real estate model—today announced the groundbreaking of Ashwood 12 South (Ashwood) a 116,500-square-foot, mixed-use retail and office development in Nashville’s 12 South neighborhood. Located at 2212 12th  Avenue South in the city’s premier shopping, dining, and entertainment corridor, the 1.92-acre development is anticipated for completion in Q4 2024.

“As an electric entertainment destination boasting a thriving and internationally recognized dining scene, along with a community of highly discerning residents and consumers, bringing this first-in-kind experience to Nashville was a natural next step,” said Andrew Joblon, Founder of Turnbridge Equities. “With a diverse mix of retail, dining, and work options, the arrival of Ashwood 12 South represents the continued standing of Nashville’s reputation as an enticing destination to live, work, and visit.”

Ashwood 12 South will boast 44,500 square feet of retail and restaurant space, including  Two Hands, a community-focused café and bar space. Additionally, Turnbridge will once again partner with Lettuce Entertain You Restaurants, this time bringing its sushi concept,  Sushi-san, to Nashville, rounding out the first of many soon-to-be-announced dining and retail options for day-to-day office tenants and visitors. Following the resounding success and market acceptance of these brands at Music Lane—the developer’s marquee, mixed-use project on South Congress Avenue in Austin, TX—the partnership with Two Hands and Lettuce cements a long-standing relationship between Turnbridge and leaders in innovative dining concepts.

“Following the success of Aba at Music Lane in Austin, we are excited to partner once again with Turnbridge Equities to bring Sushi-san to Nashville, Lettuce’s first restaurant in this market,” said R.J. Melman, President, Lettuce Entertain You Restaurants. “Sushi-san is a neighborhood-driven concept and we feel that Ashwood 12 South will cater perfectly to the 12 South neighborhood and we are looking forward to being a part of it.”

The thoughtfully designed development also brings 72,000 square feet of Class-A, small-format office suites to the cultural hub, and comprises pedestrian-friendly streetscapes and amply landscaped, outdoor common areas to create an open-air shopping and dining experience. Ashwood 12 South will also boast 190 parking spaces, alleviating the demand for parking that had once deterred visitors, offering ease of use for office employees.

In a first-of-its-kind grant, Turnbridge Equities has pledged to donate $100,000 to the 12 South Neighborhood Association to be used for future beautification and natural preservation needs throughout the 12 South area, and to offset the loss of on-site tree removal. For additional information on the grant, please see here.

Currently owned and developed by Turnbridge Equities, the office brokerage on record is CBRE, represented by Frank Thomasson, Senior Vice President, and Byran Fort, Senior Vice President, with retail leasing managed by Jeremy Zidell, founder of RUE Realty, and Elam Freeman, founder of Ojas Partners.

Renderings of Ashwood 12 South, along with a headshot of Turnbridge Equities Founder, Andrew Joblon, can be found here.

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