East Bank Eastpoint Flats

East Bank Eastpoint Flats at a glance

East Bank Eastpoint Flats sits at 501 South Second Street in Nashville's East Bank, on Parcel G of the new Eastpoint District inside the East Bank Development Authority's 550-acre riverfront plan. The site is on the Cumberland River, directly across from downtown and next to the future Nissan Stadium, with the broader master plan also taking in TPAC and the Oracle campus. This is a coming-soon, six-story condominium building on a 2.25-acre site, and it holds the distinction of being the first vertical residential project to break ground in the entire East Bank district. Groundbreaking was held May 28, 2026, with completion targeted for July 31, 2028 on a roughly 24-to-30-month construction timeline.

Eastpoint Flats is an income-restricted, mixed-income community of 323 units, designed so that pricing is tied to area median income (AMI) rather than open-market rates: 80 units at 30% AMI, 136 units at 60% AMI, and 107 units at 80% AMI. A 99-year ground lease is in place to protect that affordability over the long term. Because eligibility is income-based, the residents drawn here tend to be people who want to live in a walkable riverfront district close to downtown employment and amenities and who qualify under the program's income tiers. We pull live numbers, current AMI thresholds, and availability for you so you know exactly where things stand.

Who builds in East Bank Eastpoint Flats

Eastpoint Flats is being delivered by two verified partners. The Fallon Company serves as the master developer for the East Bank's Eastpoint District, guiding the overall riverfront plan and the agreement with Metro Nashville. Elmington Capital Group is the affordable-housing development partner bringing this first residential building to life. Together they broke ground on Parcel G in May 2026.

Understanding the roles helps you read the project: The Fallon Company sets the district-wide vision and master plan, while Elmington Capital Group focuses on building and operating the income-restricted residences. Eastpoint Flats is the opening residential phase of a much larger commitment that includes more than 1,550 affordable units required across roughly 30 Metro-owned acres, so this building is the first concrete piece of a multi-phase district. We tour communities like this constantly and can walk you through how each partner's role affects timeline, eligibility, and what comes next.

Homes & floor plans

Eastpoint Flats is a single six-story building holding 323 income-restricted condominium-style residences on a 2.25-acre site. The unit mix is structured by income tier rather than by a published menu of named floor plans: 80 units at 30% AMI, 136 at 60% AMI, and 107 at 80% AMI. At least 15% of the affordable units are designed as two-bedroom or larger to support households of different sizes; a full 1BR/2BR/3BR breakdown has not yet been publicly released.

Individual unit square footage has not been published yet, and there are no fabricated plan names to share. As the developers release official leasing materials, those documents will carry the authoritative layouts, sizes, and finishes. We will pull those live details for you the moment they are available so you are comparing real numbers, not estimates.

Amenities & community life

Eastpoint Flats is a mixed-use building, so daily life happens on more than just the residential floors. The project integrates an 8,420-square-foot childcare facility on site, along with 12,600 square feet of neighborhood retail at street level, which means errands and care services can sit within the same building.

Beyond the building itself, the draw is the location inside a brand-new, walkable riverfront district along the Cumberland River. As the first residential project in the East Bank plan, residents are positioned at the front edge of a district being built around pedestrian access, green space, and proximity to downtown destinations. We can show you how the surrounding Eastpoint and East Bank phases are expected to fill in over time.

Location, access & schools

The address is 501 South Second Street, Nashville, TN 37201, on Parcel G of the Eastpoint District. The site sits on the east side of the Cumberland River, adjacent to the future Nissan Stadium and directly across the water from downtown Nashville, putting riverfront, stadium, and core-downtown destinations within close reach. The broader master plan surrounding it includes TPAC and the Oracle campus, and the district is being designed for walkability.

As of now, the residences are zoned for Jones Paideia Magnet Elementary, Meigs Magnet Middle, and for high school the area is associated with Hume-Fogg High School and Pearl-Cohn High School. School zoning and magnet assignments can change, so confirm current attendance zones directly with Metro Nashville Public Schools and with us before you make any decisions based on them.

What to verify before you buy

This is a coming-soon community, so several details are still firming up. Before you commit, let us confirm the current status with you: the exact unit mix and any released floor plans, current AMI thresholds and income-qualification requirements, leasing or sales timing relative to the July 2028 completion target, the 99-year ground lease terms, and any fees or HOA-style charges once they are published. We do not have a published HOA dollar figure to quote, and we will never guess one for you.

It is also worth noting the financing structure, because it affects timing: the project is approved for a 15-year Payment-in-Lieu-of-Taxes (PILOT) arrangement that is contingent on federal Low-Income Housing Tax Credits (LIHTC). We will verify where that financing and the construction schedule stand before you write anything.

Working with The Will Johnson Team

We represent buyers in new construction, and because we tour these communities constantly we help you compare options and navigate the build from contract through closing. On cost: most builders pay our commission, so our representation is often little or no cost to you, but it varies by builder. We tell you the exact cost up front so there are no surprises. Call The Will Johnson Team at 615-265-1000 and we will pull live numbers, current availability, and eligibility details on East Bank Eastpoint Flats for you.

The design team behind the building

Renderings and permit filings for Eastpoint Flats credit Humphreys & Partners as the architecture firm working alongside The Fallon Company and Elmington Capital Group on the Parcel G building, according to Nashville Post's May 28, 2026 coverage of the groundbreaking. That's a useful detail if you're trying to picture unit layouts and finishes before official leasing materials are released — but the developers, not the architect, will publish the authoritative floor plans, and we'll confirm those with you the moment they're public.

How Eastpoint Flats is being financed

Elmington Capital Group closed an $80 million construction loan to fund Eastpoint Flats, reported by Connect CRE on June 12, 2026, shortly after the May 28, 2026 groundbreaking. That loan sits alongside the previously approved 15-year PILOT (Payment-in-Lieu-of-Taxes) arrangement tied to federal Low-Income Housing Tax Credits. For a buyer or income-qualifying renter, the practical takeaway is that the money and approvals to start vertical construction are in place as of mid-2026 — but financing packages on large affordable-housing projects can still shift terms as construction proceeds, so we'll verify current status before you make any plans around this address.

The bigger Eastpoint district taking shape around it

Eastpoint Flats is only the opening piece of a much larger neighborhood called Eastpoint, the district name Metro Nashville and The Fallon Company gave to this section of the East Bank. Nashville.gov's coverage of the groundbreaking describes Eastpoint as planned to eventually include a minimum of five residential buildings, three hotels, plus additional retail, restaurants, and green space beyond what's built at Parcel G. Separately, The Fallon Company released master-plan renderings for Parcel C — a roughly 30-acre section of Eastpoint — on May 5, 2026, per CityNowNext's reporting, showing a 1.5-acre central plaza anchored by about 50,000 square feet of multi-level retail curated toward local and regional restaurants and shops rather than national chains, plus a hotel component (reported at roughly 600 keys, designed by HKS) and residential units with an affordable-housing set-aside at 80% AMI. Parcel C groundbreaking is projected for Q2 or Q3 of 2027, and as of the May 2026 renderings it remained in design phase — meaning none of this is built or guaranteed on today's timeline. We track these announcements as they firm up and will tell you plainly what's actually under construction versus still on a drawing board.

What's confirmed vs. what's still to come

To be clear about what you can rely on today: the Parcel G building holding Eastpoint Flats broke ground May 28, 2026, has its $80 million construction loan closed, and has its unit count, AMI tiers, childcare, and retail square footage set in city and developer announcements. What is not yet confirmed publicly includes individual unit floor plans, exact leasing timing, and how the surrounding Parcel C hotel/retail/residential plans will affect the immediate neighborhood once (or if) that phase breaks ground in 2027. Large multi-phase riverfront developments regularly see timelines shift, so treat every date here as the plan as of mid-2026, not a guarantee.

Getting on the list for Eastpoint Flats

Because this is a coming-soon, income-restricted building rather than an open-market listing, the smartest move right now is simply staying informed rather than guessing at numbers that haven't been published. We track East Bank and Eastpoint announcements weekly, including AMI-qualification details, leasing timing, and how Parcel C's progress affects the district around Eastpoint Flats. If you want to be among the first to know when applications, pricing, or unit-mix details are officially released, call The Will Johnson Team at 615-265-1000 and we'll add you to our early-interest tracking for this address and flag you the moment real information — not renderings — becomes available.