The Growing Portfolio of M Cubed in Nashville

A commercial real estate development firm responsible for major shopping centers like Tiger Town (Opelika, Alabama) and The Highlands (Bristol, Virginia), Oldacre McDonald has developed more than 400 build-to-suit projects comprising in excess of 11 million square feet of gross leasable space since 1991. Based in Tennessee, Oldacre McDonald was founded by Bill Oldacre and Mark McDonald. Mr. McDonald is also a co-founder of M Cubed Developments.

In January 2020, M Cubed expanded its growing portfolio of properties by acquiring a 0.64-acre site in Nashville’s 12South area that houses the J.W. Adkins Funeral Home at a price of $5.2 million. M Cubed intends on transforming the building into a mixed-use development with 19 for-purchase condos, a 16-room boutique hotel, two retail tenants, and a public art plaza.

The acquisition follows a string of purchases in the summer and fall of 2019. In June of that year, M Cubed acquired three neighboring properties near Music Row for a collective $3 million. The three residential properties were previously used for business purposes, and a $6.7 million construction loan has been issued for their redevelopment. In September, M Cubed acquired a church property in Buena Vista for $1.5 million. The firm is also developing a residential complex and a 24-room boutique hotel in East Nashville.