NASHVILLE, Tenn (WTVF) – A once thriving neighborhood in Nashville has suffered a decade of decline, but there is now a renaissance in Rivergate as more and more people move to the Madison area – new businesses, shops and restaurants follow.
RD Management LLC, one of the nation’s largest private real estate development and management organizations, announced in November 2021 three new lease signings at Marketplace at Rivergate in Nashville.
The three new tenants include: Aaron’s furniture, electronics and appliance discount store, Twin Peaks Restaurant, a local sports bar and restaurant slated to open in the second quarter, and Rainbow Shops, a women’s retail clothing chain that opened in October 2021.
Small business owners said they are noticing the positive trend.
“We’re seeing the upsurge of all kinds of new businesses and different types of building repurposing and things like that,” Derek Vance said.
Vance is the owner of Flower Express was there when the Rivergate area didn’t have much to offer before and after the mall.
“When we got here, you know, basically the end of the world was where Conference Drive is now and beyond that, there weren’t really any businesses between here in Hendersonville.”
Flower Express opened a second store but stayed in Madison hoping things might change.
Vance says it looks like it’s happening and he says that’s great news.
“I think that’s a very positive sign for the future. Especially because the growth of Nashville in general, there just aren’t a lot of places to go anymore. And I think Madison is a sort of untapped area if you will.”
New housing construction is also emerging in the region. Vance says he hopes this is just the beginning.
“We hope to continue, you know, to see new businesses coming in and new growth and, you know, and I don’t want to say where I heard that from, but through the vineyard of such locals, that the mall itself at some point should be remodeled, redeveloped, like the Bellevue mall district.”
Dutch Bros Coffee has just opened in Myatt and Gallatin Pike and is expected to open soon.
Pacifico’s Real Mexican Cocina just opened a few weeks ago on Gallatin Pike
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