In October 2025, Hermès opened its first Tennessee store in a red-brick building at 501 Houston Street that once housed the South's oldest hosiery mill. The French luxury house did not choose Green Hills. It did not choose The Gulch. It chose Wedgewood-Houston — and that choice is as clear a signal as any about where this neighborhood stands in Nashville's development timeline.
This is not a neighborhood preview. The transformation of Wedgewood-Houston is already underway, building by building, block by block, with permits pulled and cranes in the air. The question worth answering for buyers, sellers, and investors right now is not whether WeHo is developing. It's exactly what has opened, what is under construction, and what is scheduled next — so you can place your decision accurately in the timeline.
Where It Started: Industrial Bones and the First Wave
Wedgewood-Houston's identity was shaped by its industrial past. The May Hosiery Mills complex anchored the neighborhood for the first half of the twentieth century. Once the largest sock factory in the South, its hand-finished knit products were reportedly worn by Neil Armstrong when he took his first steps on the moon. That heritage is now the foundation of a $1.6 billion development story.
The first meaningful signal that WeHo's trajectory had changed came not from a ribbon cutting but from a lease signing. AJ Capital Partners — the Nashville-based real estate and hospitality firm behind the Graduate Hotels brand — began quietly acquiring parcels in the neighborhood and positioning the May Hosiery Mills campus for adaptive reuse. Wedgewood Village builds upon AJ Capital's existing WeHo properties, including the historic May Hosiery Mills complex and Nashville Warehouse Company, which houses the Memoir Wedgewood Houston apartment tower. Those early repositioned assets gave AJ Capital proof of concept before the bigger phases were ever announced.
On the residential side, SomeraRoad moved first at scale on the eastern edge. The neighborhood welcomed a $108 million apartment project at 1414 4th Avenue South with 346 units and a resort-style pool. Developers with SomeraRoad kept some of the old, converting a portion of the former Grooms Engine Warehouse into 13,000 square feet of ground floor retail, remote workspace, and a fitness center for residents. That project, Emblem Park, delivered in 2024 and set the pricing floor for the neighborhood's multifamily market.
Westerly House followed. Westerly House is a six-story building over a two-story podium parking structure totaling 223,273 square feet. The site features 246 traditional and co-living apartment units. According to its website, rents start around $1,330 per month as of December 2025, and the project is located at 700 Hamilton Avenue. The combination of Emblem Park and Westerly House established that rental demand in WeHo could absorb new supply — a necessary proof point before the larger phases could be capitalized.
2024: The Plans That Changed the Math
February 2024 is when the scale of what was coming became undeniable. AJ Capital filed plans for Wedgewood Village — not a single building but a campus. Major players include Adventurous Journeys Capital Partners (AJ Capital), with ambitious plans to redefine the area over the next few years across 18 acres. The project would unfold in three phases, offering retail, restaurant, residential, and office spaces.
That same year, SomeraRoad was working on its own significant move on a separate parcel. Developer SomeraRoad received approval to rezone the Martin and Merritt mixed-use development site in 2025. The new zoning designation will allow for a maximum of 150 hotel rooms developed in partnership with Aparium Hotel Group, 175 apartments, and 7,500 square feet of additional programming. The hotel component in particular mattered — it signaled that overnight demand was anticipated at a level the neighborhood had never previously seen.
Also in 2024, at the corner of Chestnut and Hagan Streets, Material Ventures submitted conceptual plans for a retail-anchored mixed-use development at 500 to 516 Hagan Street. The proposal received preliminary SP approval in 2024 and positioned the development as a retail-anchored mixed-use site. That project is still working through final approvals as of mid-2026 — more on that below.
By the end of 2024, the neighborhood had not just one or two projects in the pipeline. It had a coordinated wave from multiple institutional developers. The traffic cones and construction vehicles residents noticed weren't temporary inconveniences. They were the physical evidence of several hundred million dollars in committed capital arriving simultaneously.
March 2025: Full Groundbreaking on Wedgewood Village
On March 9, 2025, AJ Capital Partners had broken ground on each component of the approved Wedgewood Village project, an expansive 18-acre mixed-use development in the Wedgewood-Houston neighborhood. The transformative project will deliver more than 1.6 million square feet of premium residential, retail, restaurant, and office space across multiple phases.
The tenant roster confirmed this was not speculative. The development had already attracted an impressive roster of anchor tenants, including international members club Soho House, the Academy of Country Music, and acclaimed Japanese restaurant Momotaro. Soho House had already opened in the existing May Hosiery Mills campus. The new-construction phases would add the restaurants, office, residential, and the music venue.
The blasting that followed made headlines for the wrong reasons. A new construction project with Wedgewood Village required blasting, and some residents reported seeing cracks in their ceilings. In November, residents near the construction site received a pre-construction survey, while others feeling the impacts of the blasts said they did not. The neighborhood association called for transparency from developers — a legitimate grievance, and a practical reminder for any buyer considering a WeHo purchase right now: visit on a weekday, not a Sunday afternoon, and understand that active construction is the current condition of most streets.
October 2025: Hermès Opens at May Hosiery Mills
Iconic fashion house Hermès opened in WeHo in October 2025. Hermès signed a lease to open an 8,500-square-foot store in Nashville's Wedgewood-Houston neighborhood. The lease was signed with AJ Capital Partners, which has been transforming 18 acres of mixed-use real estate in the neighborhood south of downtown Nashville.
Situated just five minutes from downtown, the new boutique is located in the May Hosiery Mills Building at 501 Houston Street. Set across two floors of the former hosiery factory, the store facade maintains its original twentieth-century industrial charm. This was Hermès' first location in the state of Tennessee — a placement decision that says everything about how the brand reads the WeHo demographic shift. Luxury retailers do not open flagship stores in anticipation of a market. They open when the demand is already there.
Pastis followed that same month. Pastis, the New York City-based Parisian brasserie, opened its Nashville location in June 2025 in the heart of Wedgewood Houston. From James Beard award-winning restaurateurs Keith McNally and Stephen Starr, this marks Pastis' first location outside of the East Coast and South Florida. For context on what that means: Pastis does not open in neighborhoods. It opens in destinations.
October 2025: The Truth Is Announced
Also in October 2025, Live Nation confirmed what the neighborhood had been anticipating. Live Nation unveiled The Truth, a 4,400-capacity indoor music venue set to open fall 2026 in Nashville's Wedgewood-Houston neighborhood. The 4,400-seat live music venue will operate from within a 109,000-square-foot, four-story structure under construction at 440 Chestnut Street.
Designed by Blueprint Studio, The Truth space will include Harlan's, a whiskey bar paying tribute to country music songwriter Harlan Howard, and a listening lounge called Vinyl Room. The company says the venue will include three fan levels, a flexible floor plan for standing and seated shows, and food and beverage options featuring local products.
The economics behind this announcement matter directly to anyone underwriting a short-term rental investment or evaluating a residential buy in the neighborhood. The Truth is expected to generate $74 million in economic impact for Nashville annually, supporting about 430 jobs and contributing $6 million in state and local tax revenue. A 4,400-seat venue running 150-plus dates per year pulls foot traffic, restaurant spending, and hotel demand on a consistent cadence — not just during CMA Fest week.
Early 2026: Memoir May Hosiery Opens, The Cecilia Breaks Ground
AJ Capital announced the newest addition to its Memoir Residential brand, Memoir May Hosiery. Located in central Wedgewood-Houston, the new flexible-stay residential offering began pre-leasing as it approached its March 2026 opening. Memoir May Hosiery is located at 1210 Martin Street, near The Truth. Memoir May Hosiery features 109 residential units. Select units include terraces overlooking Wedgewood Village — a meaningful differentiator that will hold pricing power as the campus matures around them.
On the for-sale side, a townhome project at 1231 Martin Street entered construction in February 2026. Called The Cecilia and eyed for a 2027 opening, the three-story residences include 37 units. This is the kind of product that tends to get absorbed quickly in WeHo: new-construction for-sale inventory within walking distance of a Soho House, a Hermès, and a 4,400-seat music venue, in a neighborhood where 64.9 percent of residents currently rent. Ownership-oriented buyers are a minority in this zip code. New for-sale product competes in a thin field.
Spring 2026: The Hagan Street Site Reaches Final Planning
Material Ventures' site at 500 Hagan Street — the corner of Chestnut and Hagan — moved through Metro Planning in May 2026. The initial plan was approved in 2024 for a maximum of 125 units within seven stories and 105,000 square feet of retail. The updated submission is now five stories with a reduction in the residential component to a new total of nine units. The retail component essentially remains the same. A request has been submitted for final site plan approval for the property, which is zoned SP. Once approved, the request will permit the mixed-use development on the 1.68-acre site.
The density reduction here is worth noting. A project that was originally proposed at 125 residential units came back at nine. That is not a sign of weakened conviction — it reads more like a developer recalibrating toward a retail-dominant program as commercial demand from Wedgewood Village tenants and The Truth foot traffic becomes clearer. Retail-heavy ground floors adjacent to a Live Nation venue make a different kind of sense than rental apartments stacked above them.
430 Chestnut: The Office Component Taking Shape
The development story in WeHo is not just residential and hospitality. 430 Chestnut is an upcoming five-story office building situated between The Truth and the offices for Live Nation at Nashville Warehouse. The 140,000 square feet of Class A office offers both full-floor or multi-tenant options. According to the project website, the fifth floor is fully leased, totaling more than 34,000 square feet. There is also 16,500 square feet of ground-floor restaurant and retail space above the building's structured parking lot.
A fifth floor fully leased before the building opens is a meaningful signal. Office space in Nashville broadly has seen softness since 2022, which makes pre-leasing at this level notable. The likely explanation: proximity to The Truth and Wedgewood Village is itself a recruiting amenity for certain types of companies — entertainment, media, hospitality-adjacent firms that want their address to carry cultural weight.
Fall 2026: What Is Scheduled to Open
The Truth is slated to open in the fall of 2026 as part of Wedgewood Village, the 18-acre mixed-use development by Nashville-based AJ Capital Partners. Momotaro, Pastis, The Truth, and three new local businesses — Bell Bird Books, Bower, and Culture Club — are coming in 2026. Pastis is already open. The others represent the final layer of the first-phase tenant mix arriving over the coming months.
The Martin and Merritt project is also moving toward a construction start. SomeraRoad is excited to advance the entitlements for the Martin and Merritt Project in Wedgewood-Houston, which they believe will be a great addition to the rapidly evolving neighborhood. With 150 hotel rooms, 175 apartments, and the Aparium Hotel Group partnership in place, this project fills the one conspicuous gap in the current WeHo offering: a place for visitors to stay without leaving the neighborhood.
What the Pipeline Means for Buyers and Sellers Right Now
As of April 2026, there were 41 active properties for sale in Wedgewood-Houston with an average listing price of $784,768. The highest-priced property listing was $2,199,000. That spread — from sub-$300,000 condo product up through $2 million-plus for larger new construction — reflects a neighborhood mid-transition, where pricing hasn't yet normalized around the finished product.
In October 2025, Wedgewood-Houston home prices were up 13.9 percent compared to the prior year, selling for a median price of $675,000. That kind of year-over-year appreciation is not random. It tracks directly to the Hermès opening, the Pastis opening, and the Live Nation announcement landing in the same three-month window — all of which changed the calculus for buyers who had been watching from the sideline.
The risk that most buyers underweight is the timeline gap between "announced" and "open." The Wedgewood Village campus has been in some phase of construction for several years now, and some components still have 2027 delivery targets. If you are buying to hold for eighteen months and exit at a premium, you are betting on a very specific sequence of openings going on schedule. If you are buying on a five-year horizon — and the neighborhood's fundamentals across retail, hospitality, residential, and office are all confirmed at scale — the case is considerably more durable.
For sellers with existing WeHo inventory, the window between now and The Truth's fall 2026 opening is arguably the strongest marketing environment the neighborhood has seen. Once the venue opens and the full campus is operational, WeHo will no longer be an "emerging" story. It will be a finished product, priced accordingly, with less narrative upside to sell. Right now, a seller can still attach a premium to what is coming. Buyers are still paying for potential. That window is narrowing.
Investors evaluating the neighborhood for short-term rental purposes should understand that WeHo's 37203 ZIP has specific STR permit dynamics that require verification before any offer. The demand case — a 4,400-seat venue, Soho House, Pastis, Hermès, and the Academy of Country Music all within a few blocks — is one of the strongest in Nashville outside of Lower Broadway. But the permit pathway, the zoning, and the property type all need to be confirmed at the parcel level, not assumed from the neighborhood narrative.
Buyers relocating from outside Nashville often discover WeHo through the Wedgewood Village story and arrive with a simplified version of it: "new development, cool neighborhood, buy now." The relocation decision is more layered than that. The noise is real. The construction timeline is real. The long-term upside is also real. The question is which of those facts matters most to your specific purchase criteria.
Related reading
- Explore Nashville Neighborhoods
- Nashville Luxury Real Estate
- Nashville Neighborhoods: The Complete 2026 Guide to Where to Buy, Invest, and Live
- Nashville Rental Market: What Falling Rents Are Telling Buyers About Home Prices
Frequently Asked Questions
When will Wedgewood Village be fully complete?
AJ Capital Partners broke ground on each component of the approved Wedgewood Village project as of March 9, 2025. The project will deliver more than 1.6 million square feet of premium residential, retail, restaurant, and office space across multiple phases. Phase one components — including The Truth music venue, 430 Chestnut office building, Memoir May Hosiery, and the restaurant tenants — are targeted for 2026, with additional phases extending into 2027 and beyond. Individual delivery dates are subject to change, and buyers should verify specific timelines with their agent before making a purchase decision tied to project completion.
What is the current median home price in Wedgewood-Houston?
In October 2025, the median sale price in Wedgewood-Houston was $675,000, up 13.9 percent year over year. Homes in the neighborhood that are approximately 2,500 square feet or less may sell from the low $500,000s to the upper $800,000s. Larger homes may start in the low $900,000s and go up to $3.4 million. Condos mainly go from the mid-$200,000s to the upper $600,000s, but some around 2,000 square feet may sell between $1.5 million and $1.8 million.
Is The Truth music venue definitely opening in 2026?
The Truth, a new live music venue in Nashville's Wedgewood-Houston neighborhood, announced initial plans for its grand opening in fall 2026. It is part of Wedgewood Village, the 18-acre mixed-use development by AJ Capital Partners. As of March 2026, Live Nation was actively teasing the grand opening program. Construction at 440 Chestnut Street is confirmed underway. Real estate decisions based on this opening should account for the possibility of schedule shifts, which are common in large mixed-use construction programs.
How does the construction activity affect living in WeHo right now?
Residents have described ground tremors from blasting that "feels very much like an earthquake," according to Earnest Morgan, Co-Founder of WeHo Social. Parking access on key blocks has changed, and certain streets have intermittent closures. This is the honest trade-off at this stage of the neighborhood's development cycle. Buyers who purchase now are buying into active construction. The disruption is temporary; the upside from a completed campus is permanent. Buyers should visit multiple times at different times of day before committing.
What happened to the Hagan Street mixed-use project at 500 Hagan?
The initial plan was approved in 2024 for a maximum of 125 units within seven stories and 105,000 square feet of retail. The updated submission revised the project to five stories with a reduction in the residential component to nine units. The retail component essentially remains the same. The project is currently awaiting final site plan approval from Metro Nashville Planning. Once approved, it can move to construction on its 1.68-acre site at the corner of Chestnut and Hagan Streets.
Is Wedgewood-Houston in an Opportunity Zone?
Portions of Wedgewood-Houston fall within federally designated Opportunity Zones, which can offer capital gains tax advantages for qualifying investments held for a sufficient period. WeHo has a strong current investment case: active major development, Opportunity Zone tax incentives, lower entry prices relative to neighboring 37203 areas, and a major live music anchor arriving in fall 2026. Opportunity Zone eligibility is parcel-specific and the program has its own qualification requirements. Buyers interested in this structure should work with a qualified tax advisor before making a purchase decision based on OZ benefits.
What new for-sale residential product is coming to WeHo?
A 37-unit townhome project called The Cecilia is under construction at 1231 Martin Street, eyed for a 2027 opening. The three-story residences sit adjacent to the Wedgewood Village campus. This represents one of the few new-construction for-sale opportunities in the neighborhood, in contrast to the predominantly rental-focused multifamily pipeline. Buyers interested in The Cecilia or similar product should engage early — new for-sale inventory in WeHo is limited and absorption has historically been fast in comparable Nashville urban neighborhoods.
About The Costigan Group
Jack Costigan is the founder of The Costigan Group at Compass in Nashville, where his team has closed more than $100 million in real estate across Greater Nashville and Middle Tennessee. Specializing in luxury advisory, investment, and short-term rental real estate, Jack is known for a data-driven approach that helps buyers, sellers, and investors understand the numbers, the neighborhood, and the long-term value before making a decision. Featured in Apple News as one of Nashville's most sought-after short-term rental advisors, Jack pairs deep local expertise with modern marketing and a strategy-first approach to real estate. Learn more at thecostigangroup.com.
