Madison Station is a 32-acre redevelopment of the former Madison Square Shopping Center on Gallatin Pike, approved by Metro as a roughly $631 million mixed-use, transit-oriented district with about 1,700 homes.
The largest project reshaping Madison is Madison Station, a redevelopment of the former Madison Square Shopping Center on a roughly 32-acre site at Madison Square, near the southwest corner of Gallatin Pike and Madison Station Boulevard. The master plan calls for about 1,700 multi-family housing units (1,694 in the approved plan) alongside office space, ground-floor retail and restaurants, childcare, pocket parks and a transit-friendly street network. The land was assembled by Texas-based Artesia Real Estate Investments (with Nashville's Tyler Cauble among the local development team) in partnership with the Hamilton Group, which paid about $18 million for the property in 2021.
In December 2022, Metro Nashville's Industrial Development Board approved the development plan, characterized at the time as a roughly $631 million mixed-use project. The project has since secured approval for $68.8 million in tax incentives, and backers have said the full build-out could generate more than $1 billion in economic investment in the Madison area.
The first phase centers on housing and is led by affordable-housing developer LDG Development, which in October 2024 announced a partnership with the Urban League of Middle Tennessee, which is part of the ownership entity. Phase one was announced as including about 242 affordable, income-restricted units — roughly 191 family units and 51 units reserved for residents age 62 and older (a more recent Nashville Catalyst Fund financing document references 211 units, so the exact count may shift as the phase is finalized). Predevelopment financing has included a $2 million bridge loan from the Nashville Catalyst Fund. Backers have eyed a 2025 groundbreaking on phase one with a 2027 completion of that first phase, and the broader, multi-building plan built out over subsequent years. As of March 2026, the first demolition permit has been filed for a building at the northwest corner of the property, with Metro Councilmember Tonya Hancock estimating roughly a year and a half to complete that initial building before work progresses toward the rest of the site.
Supporting public infrastructure is already in the ground: the roughly $12 million Madison Station Boulevard Complete and Green Street project — a roundabout, sidewalks, bikeways, bioswale stormwater infrastructure and landscaping connecting Gallatin Pike and Old Hickory Boulevard — was completed by the Nashville Department of Transportation on August 24, 2022, providing the main vehicular access into the site. For relocating buyers, Madison Station and the related Gallatin Pike South corridor planning study are among the clearest signals of how this older, car-oriented part of Davidson County is being reworked into a denser, more walkable, transit-adjacent district; figures, unit counts and timelines remain subject to change as phases advance and should be confirmed against current Metro and developer records.
- Project
- Madison Station (redevelopment of the former Madison Square Shopping Center)
- Size
- ~32 acres at Madison Square, Gallatin Pike at Madison Station Blvd
- Homes planned
- ~1,700 multi-family units (1,694 in approved plan); Phase 1 ~242 income-restricted (191 family + 51 senior 62+; ~211 in a later financing doc)
- Investment
- ~$631M development plan (2022); $68.8M tax incentives approved; backers project $1B+ total economic impact
- Developer
- Artesia Real Estate Investments + Hamilton Group (land/master plan); LDG Development with Urban League of Middle Tennessee leading Phase 1 housing
- Timeline / status
- IDB plan approval Dec 2022; $12M Madison Station Blvd street completed Aug 24, 2022; 2025 Phase 1 groundbreaking eyed, 2027 Phase 1 completion slated; first demolition permit filed (northwest corner) as of March 2026, ~1.5 years estimated for that first building