Overall the condo market is still struggling but there are pockets of exuberant planning. In the Nashville neighborhood of Belle Meade, Tennessee there are three projects planned that offer luxury housing for empty nesters. Belle Meade is already home to a wide variety of large luxury homes but now developers are betting some of these homeowners might be looking for something a little smaller and less time consuming.

Belle Meade Court offers both condos and townhomes and at prices from $400,000 to $750,000 is the least expensive. It is the only one currently under construction. The Manning at Belle Meade, shown above, which is planning construction by the end of the year, offers two bedrooms under 2,000 square feet up to penthouses over 5,000 square feet. Community amenities include an entertaining salon and dining room, catering kitchen, guest suite, private wine storage, a library, fitness center, business center, pool and croquet lawn. Prices range from $950,000 to $5 million. The third project, 112 Harding Place, is in limbo until the market heats up again but is located near the Belle Meade Country Club and offers units from just under 3,000 square feet to over 5,000 square feet and are expected to be priced from $1.3 million to nearly $2.8 million.

Given the current real estate market it does seem likely that at least one of these projects probably won't make it to completion. Their success hinges on the interest of retiring baby boomers willing to invest in condo life.