ASHLAND CITY, TN-The failed Braxton Condominiums situated in Ashland City is getting a new owner. Nashville-based Carter-Haston has signed a contract to purchase the 136-unit waterfront condo development from Bank of America.
The property is expected to change hands for between $15 million and $20 million. Three units in the property were already sold to individual owners. Nashville-based Progress Capital Partners' John Rankin, the project's developer, filed a personal bankruptcy in 2008. For the full story, go to Nashville Business Journal .
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