[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Muse has 55 units :-)

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

55 units :-)

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

I was thinking the old Southern Baptist Publishing Building. That’s got to have air rights too. 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Do you think the Ritz would consider a historic building that needs a renovation? 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Total rumor, but I know they have been in town looking for 8-10 months. Nobu Hotel. Would be an interesting fit.

I agree that BroadWest will be a IHG flag. 

I also hear there is another 4-5 diamond flag under contract somewhere on KVB. Maybe 6th and KVB?

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

21 hours ago, Hey_Hey said:

I’ve heard a rumor of a condo building that is planned with a similar concept somewhere downtown. Owners would be allowed to rent out their units a large percentage of the time to supplement income. For the developer could make sense because it could increase the average sales prices based on expected income. 

This would be a HUGE mistake. If more than 50% of a condo building is rental/commercial/retail/etc it becomes non-conforming from a financing perspective and extremely unattractive to buyers.  For real world proof, you have to look no further than 505 CST which is non confirming and has lost all, but one preferred lender.  They even lost Bank of the Ozarks who originally financed the construction loan.  I only show 32 closed condos in the building and Tony G's living trust is 2 of those. Plus, rumor has it the Four Seasons and another 5 Diamond hotel on KVB will be selling ownership condos above the hotels that have hotel services included and it's going to be VERY hard to compete against those. 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

3 hours ago, CenterHill said:

What a nightmare for long term residents (those who signed a 1 year lease for a specific unit).     

It also appears the Olmstead has not obtained required STR permits, meaning these would be operating illegally.   

Such a nightmare that current residents are attempting to organize: https://www.change.org/p/freddie-stop-airbnbs-or-any-strps-in-the-olmsted-nashville-apartment-complex

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Just heard that the operating portion of Werthan is under contract to an office group who plans on redeveloping into creative office space.

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Has anyone heard of a project on the Union Station Brick site next to Marathon Village?

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

18 hours ago, MLBrumby said:

It's reported that Mayor Barry has brokered a deal with Hastings Architecture firm to buy the old Ben West Library (ca 1963). Hastings would occupy half and lease the remaining portion to a compatible tenant. Metro would get half of the $4 million sale price and the descendants of the Polk family would receive the balance. Sounds like a good deal to keep the building intact. From the Tennessean... http://www.tennessean.com/story/news/2017/02/28/barry-pushes-sell-ben-west-library-architecture-firm/98542454/ 

I had a client attempt to purchase this for $5M. We were going to renovate and add on 4 stories. It was a very cool boutique hotel user who was going to decorate in modern sixties decor. I was told not to bother sending in a written offer...

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

18 hours ago, WebberThomas4 said:

Great news for Germantown! I'll go out on a limb and say the grocery store will probably be a Publix. 

I am hearing it will be a Fresh Market. 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

20 hours ago, MLBrumby said:

Can anyone here give me an update on these hotels: the one in the 1970s tower at Union and 4th Ave? the one in the 1970s midrise adjacent to this Utopia (Marks) project? the one in the early 20th century Noel Hotel at the corner of Church and 4th?  And while we're on this subject, what is the status of the 21c hotel? 

Ace Hotel (Utopia & Embers site) will be late April/early May 2016. Switched contractor, caused some delay. 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

17 hours ago, MLBrumby said:

Thanks for that tidbit... looks like the next round of construction surrounding the MCC is about to get cranking with JWM, Cambria, Olmsted and (dare-i-say?) Marriott Tri and Pizzutti Mandarin. And the Barge Wagoner Cannon tower announced last week (isn't that due to start in a matter of weeks?).  Geesh, the MCC is the gift that keeps on giving. 

It's my understanding that the Marriott Tri is approx 9% over budget at the moment and having trouble bringing the numbers down shovel in the ground.

Side note: Ace Hotel on Printer's Alley should officially start in April.

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

On 12/29/2015 at 10:30 AM, MLBrumby said:

I am referring to next year. Someone mentioned the growth cycle and my broker recently advised cashing out in many positions.  We shall see. Hope I'm wrong... as my ego is not nearly as fragile as my investments. I hate losing money.  LOL

I am in agreement for the fringe areas. I am currently selling off the bottom 50% of my portfolio and putting that cash towards 6-12 month projects in A+ areas. 

[Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge]

Condos would be great as there are none being built in downtown/gulch at the moment.  I know they take a lot more money/work/financing than apartments but there is very little for sale in the core at the moment, we could definitely use it.

Don't forget the City Lights project is going to be 70-75 condos on Rutledge Hill.