Beaman Body Shop property under contract, developer plans mixed-use district. Article from Nashville Biz Journal below:
An Illinois developer is under contract to buy Lee Beaman’s auto shop property, with plans for a mixed-use development in tow.
Marquette Cos., a real estate company whose website lists $1.9 billion of assets in its portfolio, plans to buy the 6.8 acres at 1000 Hawkins St., which currently holds the Beaman Body Shop. There, the company aims to develop “North Edge,” a four-building mixed-use district, according to Metro filings submitted this morning.
Current plans mention three eight-story buildings and one 12-story. These could contain up to 540 living units, 500 hotel rooms and 160,000 square feet of leasable office space, filings say. The existing auto shop would be demolished during construction.
Following his company's buyout, Beaman, a longtime Nashville businessman, put four prime downtown properties on the market in January, Nashville Business Journal reported. The Hawkins Street property was under contract at that time. The parcels mark some of the coveted land in Music City's booming real estate market.
Mary Roskilly leads Nashville-based Tuck-Hinton Architecture & Design, which is designing North Edge. For the past couple years, her firm had been helping Marquette’s development lead, Chris Yuko, scout project sites for his entry into Nashville, she said. At the time of publication, Yuko said by email that he's "very excited about this project."