The Exchange

Last updated: May 16, 2026

The Exchange Lofts at 309 Church Street is a 2005 mixed-use condominium in Downtown Nashville, part of the Banner Block development on Church Street that also includes Church Street Lofts at 305. The building delivers a focused unit mix spanning 1-bedroom through 3-bedroom layouts from 940 to 1,959 square feet. Over the trailing 18 months, four closed sales record at the building with 2-BR median $590,000 and a documented 3-BR penthouse closing at $1,599,990.

Specifically, The Exchange anchors a small section of the Banner Block redevelopment between the Cumberland River and the downtown core. By comparison, the building trades in the mid-tier downtown condo band, below the Encore tower 2-BR pricing (median $1.15M) and the Cumberland Penthouses (median $689K), and well below the historic-loft pricing at Church Street Lofts (2-BR median $1.075M). Notably, the 3-BR penthouse closed at $817 per square foot, the highest per-foot price documented at the building.

Current The Exchange Lofts Condos for Sale

Active MLS listings at The Exchange Lofts, sorted by price descending. Listings refresh from the current Greater Nashville REALTORS feed.

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(all data current as of 5/16/2026)

Listing information deemed reliable but not guaranteed.

What Is The Exchange Lofts?

The Exchange Lofts 2005 mixed-use condominium at 309 Church Street in Downtown Nashville Banner Block development with 1-BR through 3-BR layouts

The Exchange Lofts secured front entrance at 309 Church Street in Downtown Nashville Banner Block 2005 mixed-use condominium

Currently, The Exchange Lofts is a 2005 mixed-use condominium at 309 Church Street in Downtown Nashville. The building is part of the Banner Block development, which also includes Church Street Lofts at 305 Church Street directly adjacent. The Exchange occupies the more contemporary side of Banner Block; Church Street Lofts occupies the historic 1890 Cheatham Building portion.

In total, the building delivers a mixed unit count across three primary floor plates: 1-bedroom layouts in the mid-1,000 sf range, 2-bedroom plates from 940 to 1,395 sf, and larger 2-BR and 3-BR penthouse units up to 1,959 sf. Originally part of the mid-2000s downtown Nashville condo wave, The Exchange Lofts occupies the modern side of Banner Block with structured parking.

For context, the Church Street corridor anchors the eastern edge of downtown Nashville. Today, the immediate two-block stretch around 305-309 Church Street carries Bridgestone Arena (two blocks east), the Nashville Symphony at Schermerhorn Symphony Center (three blocks east), and the Cumberland River walking corridor (three blocks east). By contrast, the western side of the corridor anchors the central business district at 5th Avenue North.

At a Glance

Address: 309 Church Street, Nashville, TN 37201

Year completed: 2005

Building type: Mixed-use mid-rise condominium

Development: Banner Block (shared with Church Street Lofts at 305)

Unit mix: 1-BR through 3-BR layouts, 940 to 1,959 sf documented

Parent neighborhood: Downtown Nashville

Closed sales (18 months): 4 recorded MLS closings

Median 2-BR closing: $590,000

2-BR range: $428,000 to $600,000

Median 2-BR price-per-sf: $455

3-BR penthouse closing: $1,599,990 at 1,959 sf ($817 per-sf)

Median 2-BR DOM: 51 days

Active May 2026 inventory: 2 listings

The Exchange Lofts Condo Prices in 2026

For context, The Exchange Lofts trades in the mid-tier downtown band for 2-BR product and at top-tier penthouse pricing for the 3-BR plate. The trailing 18 months of closed sales span $428,000 for the smallest 2-bedroom unit to $1,599,990 for the 3-BR penthouse. Notably, the 2-BR median closing lands at $590,000.

In particular, 2-BR price-per-sf averages $455 across documented closings. By comparison, Church Street Lofts (Banner Block neighbor at 305 Church) trades at $668 per-sf, reflecting the historic-loft premium for the 1890 Cheatham Building. The Exchange delivers comparable Church Street access at a meaningful per-foot discount.

  • Two-bedroom closings: 3 closed sales from $428,000 to $600,000, median $590,000. Sizes 940 to 1,395 sf. Median DOM 51 days.
  • Penthouse closing: 1 documented 3-BR penthouse at $1,599,990 (1,959 sf, $817 per-sf, 21-day DOM). Strongest per-foot value in the building.
  • Compact 2-BR plates: 940 sf documented at the entry 2-BR closed sale, $428,000.
  • Standard 2-BR layouts: 1,316 to 1,395 sf documented across the mid-range 2-BR closings, $590,000 to $600,000.

Active May 2026 inventory at The Exchange Lofts includes one 1-BR listing at $575,000 (1,089 sf) and one 2-BR listing at $469,000 (1,059 sf). As of May 2026, the active inventory spans both the 1-BR and 2-BR floor plates.

For broader Downtown Nashville pricing context covering Viridian, Encore, Bennie Dillon, and the Banner Block Church Street Lofts, see the Downtown Nashville condos guide.

The Exchange Lofts Amenities

By comparison to larger high-rise condo buildings, The Exchange Lofts delivers a focused amenity package consistent with mid-2000s mixed-use condo construction. Specifically, the building’s value sits in its Church Street corridor location and walkability rather than a deep on-site amenity deck.

  • Secured entry with controlled-access lobby
  • Structured parking garage (assigned spaces; verify count per unit)
  • Elevator access throughout the residential floors
  • Ground-floor retail tenants share the Banner Block development
  • Pet-friendly per HOA bylaws (verify weight and breed restrictions)

The Exchange Lofts rooftop amenity deck with skyline views at 309 Church Street in Downtown Nashville Banner Block 2005 mixed-use condominium

The Exchange Lofts structured parking lot at 309 Church Street in Downtown Nashville Banner Block development with assigned resident spaces

Overall, the building’s strongest amenity is location, not on-site features. In short, residents step directly into the Church Street walking grid with Bridgestone Arena two blocks east, the Nashville Symphony three blocks east, and the Cumberland River walking corridor three blocks east.

Living at The Exchange Lofts

The Exchange Lofts rear facade and back of building at 309 Church Street in Downtown Nashville Banner Block 2005 mixed-use condominium
For context, The Exchange Lofts sits at the corner of 3rd Avenue North and Church Street in Downtown Nashville. Notably, the building places residents one block from the Bridgestone Arena entertainment district and within a five-minute walk of the Nashville Symphony at Schermerhorn Symphony Center.

Additionally, the building sits within walking distance of the Lower Broadway entertainment district (four blocks south), the Cumberland River park system (three blocks east), and the State Capitol Hill cluster (five blocks west). Today, the corridor anchors a working mix of entertainment district employment, downtown corporate offices, state government, and the Bridgestone Arena and Lower Broadway hospitality sector.

For commute context, the building sits directly within downtown Nashville. Furthermore, Nashville International Airport sits roughly 12 minutes east via Korean Veterans Boulevard. Vanderbilt University sits 8 minutes west via West End Avenue.

The Exchange Lofts Floor Plans

The Exchange Lofts penthouse interior at 309 Church Street in Downtown Nashville with floor-to-ceiling windows over the Church Street corridor Banner Block 2005 mixed-use condominium
Specifically, The Exchange Lofts carries a wide unit-mix range that distinguishes the building from neighboring Banner Block Church Street Lofts. Notably, the MLS-documented closings cover the 940 to 1,959 sf range across compact 2-BR, standard 2-BR, and a documented 3-BR penthouse layout.

  • Compact 2-BR units: 940 sf documented at the entry 2-BR closed sale. Single-bath plus half-bath layout typical of the building’s compact floor plate.
  • Standard 2-BR units: 1,316 to 1,395 sf documented across two mid-range 2-BR closings. Two-bath layouts with full kitchen and living spaces.
  • 3-BR penthouse units: 1,959 sf documented at the penthouse-level closing. Two-bath layout at the top of the building, with full views.
  • 1-BR plates: 1,089 sf documented in active inventory at $575,000. No 1-BR closings in the 18-month window; verify floor plate count against current HOA records.

In particular, upper-floor units carry the strongest views over the Church Street corridor. By contrast, lower-floor plates trade at the lowest per-sf pricing in the building.

The Exchange Lofts Investment Outlook

The Exchange Lofts 2005 mixed-use condominium front facade at 309 Church Street in Downtown Nashville Banner Block development with 1-BR through 3-BR layouts
Overall, The Exchange Lofts draws three buyer profiles. First, downtown professionals target the 2-BR units for their walkability to Bridgestone Arena, the Nashville Symphony, and the Lower Broadway corporate corridor. The 940 to 1,395 sf 2-BR plates deliver useful primary-residence space at a price point below comparable historic-loft inventory.

Second, downsizing buyers from Forest Hills, Belle Meade, and Green Hills target the 3-BR penthouse plate as a lock-and-leave primary residence with Church Street walkability. The $1.6M penthouse closing documents the top of the building’s price band.

Third, short-term rental allowance at The Exchange depends on HOA bylaws plus Metro Nashville STR permit rules. Therefore, verify in writing with the HOA before any buyer purchase intended for STR use. Notably, Davidson County does not allow non-owner-occupied STR permits in residential zoning districts.

Notably, the 51-day median 2-BR DOM at The Exchange signals balanced resale velocity for the building. By comparison, the pace runs faster than Cumberland Penthouses 2-BR (median DOM 67 days) and slower than Viridian 2-BR (median DOM 22 days). The Exchange sits in the middle of the downtown Nashville condo velocity range.

For buyers looking at The Exchange Lofts, three factors apply. First, confirm HOA STR policy in writing if rental income is part of the buy plan. Second, verify FHA project approval status through the HUD FHA condo project approval lookup before pursuing FHA financing. Third, evaluate the specific unit floor plate carefully, since the building’s wide unit-mix range means each MLS listing represents a distinct layout rather than a standardized plate.

The Exchange Lofts FAQs

Buyers evaluating The Exchange Lofts consistently ask a tight set of money and operational questions before booking a tour or writing a contract. The answers below reflect current MLS data and trusted source knowledge as of May 2026.

How many condos are at The Exchange Lofts?

Currently, The Exchange Lofts holds residential condo units across the mid-rise floor plate. Verify exact total unit count with the HOA at the time of buy. Notably, over the past 18 months, 4 units have closed at the building.

When was The Exchange Lofts built?

Specifically, construction finished in 2005. The building delivered as part of the Banner Block development, which also includes Church Street Lofts at 305 Church Street in the adjacent historic Cheatham Building.

What is the price range at The Exchange Lofts?

Over the past 18 months, closed sales recorded between $428,000 and $1,599,990. The 2-BR median lands at $590,000 and the documented 3-BR penthouse closed at $1,599,990. Active May 2026 inventory ranges from $469,000 to $575,000.

Are short-term rentals allowed at The Exchange Lofts?

STR allowance depends on the HOA bylaws plus Metro Nashville STR permit rules. Therefore, verify in writing with the HOA before any buyer purchase intended for STR use.

Is The Exchange Lofts FHA approved?

Therefore, check current FHA project approval at the HUD FHA condo lookup before pursuing FHA financing. FHA approval expires every three years, and the HOA must renew approval through HUD.

How does The Exchange compare to Church Street Lofts?

By comparison, both buildings are part of the same Banner Block development on Church Street. Church Street Lofts occupies the historic 1890 Cheatham Building at 305 Church and trades at higher per-foot pricing ($668/sf 2-BR median). The Exchange Lofts at 309 Church occupies the more contemporary side and trades at $455/sf 2-BR median, a meaningful per-foot discount.

What is the closest park to The Exchange Lofts?

The Cumberland River walking corridor sits three blocks east, with Riverfront Park along the river bank. Public Square Park sits two blocks west at the corner of 3rd Avenue North and Union Street.

Further Reading and Local Authority Sources

Work With a The Exchange Lofts Specialist

I am Grant Hammond, a Nashville real estate broker at Compass RE with 25 years of experience and over $1 billion in career sales. My team has closed 550-plus short-term rental transactions and 350-plus high-rise condominium transactions across Middle Tennessee, including the full Downtown Nashville Banner Block inventory at Church Street Lofts and the surrounding downtown corridor.

If you are buying or selling at The Exchange Lofts, reach out for current MLS analysis, floor-by-floor pricing benchmarks, HOA financial review, and unit-level comp work. Call or text me directly at (615) 945-7123, or use the form below to get started. Tennessee Broker License #261980. Broker fees are not set by law and are fully negotiable.

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