Placemakr, a flexible-use multifamily and hospitality property operator and investor, has expanded into the condo hotel market in partnership with CA South, a Nashville-based real estate development company.
Placemakr will operate the majority of the building as high-end furnished rentals for CA South’s latest luxury condo development project, Hyve, a collection of 83 short-term rental-eligible residences in Pie Town, within close proximity to the Convention Center, Broadway and SoBro in Downtown Nashville. The property was designed by Alex Pettas Architecture and Barnett Design Studio. Placemakr will act as both property manager and hospitality operator of Hyve units, providing the company’s blend of home and hospitality to the property.
“At Placemakr we are constantly striving to push the boundaries and exceed expectations within the real estate and hospitality fields,” said Jason Fudin, CEO/cofounder, Placemakr. “We are excited to announce this expansion, alongside the new and exciting function of our business. This is the first opportunity for individual condo owners and investors to own a Placemakr property, and we are thrilled to be breaking new ground in the high-end luxury condo market. This venture further demonstrates our commitment to innovation and our dedication to providing exceptional value to our partners.”
Hyve has cultivated a number of partnerships with designers and brands including frenchCALIFORNIA, ThirdHome and The Home Edit. Specifically, Hyve features 20 units designed and furnished by frenchCALIFORNIA, an AD Pro Directory founding member.
As another collaboration, Hyve allows for complimentary access to ThirdHome’s luxury vacation platform. Lastly, The Home Edit will be offering buyers the opportunity to have their spaces organized and designed by The Home Edit team.
“This project is a first of its kind for Nashville and represents a new wave of quality and design for the city,” said Megan Aubale Epstein, CEO/founder, CA South. “Placemakr is the perfect partner to oversee operations of the property and create this unique opportunity for our buyers. We greatly respect and admire the Placemakr brand and the professionalism they bring to everything they do. Hyve provides exceptional value and an innovative approach for participants seeking to participate in this unique Nashville hotel-flexible living product.”