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DAC Developments acquires Nashville retail properties for redevelopment

Developer plans 53-story, mixed-use tower featuring hotel rooms, condos and retail
The two-property retail portfolio at 319 Peabody St. and 504 Fourth Ave. S. sold for $22 million as part of a planned high-rise redevelopment in downtown Nashville. (DAC Developments)
The two-property retail portfolio at 319 Peabody St. and 504 Fourth Ave. S. sold for $22 million as part of a planned high-rise redevelopment in downtown Nashville. (DAC Developments)
By Kaylee Garcia-Diaz with
CoStar Research
March 31, 2026 | 2:58 P.M.

DAC Developments, a Chicago-based real estate development company, has acquired two retail properties in downtown Nashville from Peabody Corner Marketplace for $22 million as part of a redevelopment project.

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News | DAC Developments acquires Nashville retail properties for redevelopment