HGMIII

Recent HBV sale of new construction that didn’t even hit the market. Address: 1029 Cheatham Place Sale Date: 07/19/2018 Sale Price: $722,000

Atlas, CL Germantown, Ludlow Row are 3 good looking developments.

I’d say that less than 20% of new builds features Brick or Stone, too expensive.

If this goes thru, what a flurry of activity on the North side... Gannet site + Nashville Yards + Gulch North = wow!

Prices just not going down. If the bottom doesn't fall out I am going to clear 500k+ from the sale of my Germantown townhouse. On the flip side, The next area I want to live in is Green Hills, the prices used to be around 550k, but now the price will be 700k+. So it's a real catch 22 in a hot RE market.

Ovation owner / developer files CH 11 BK to stop foreclosuring procedures taken by the owners of the $27M loan he owes...yikes.

Spoke with Grant Hammond over the weekend, has a contract for the corner Gramercy unit for 1.6mm. Only unsold unit is the back corner unit in the parking lot. Grant also got listing for Arthur Cottages 2 weeks ago and has already sold one of the units.

Someone on Reddit said Fresh Market grocery is going to Germantown in one of the new mix used, unconfirmed but the poster was knowledgeable about other grocery locations downtown and in the pipeline.

The data indicates Nashville set another local record for hotel tax collections in October, the streak of room night records — which measures how many hotel rooms are booked — came to an end, but it still is the second-best month in the history of the city.

Those townhouses started in 08 by a local doctor and developer, they divorced and the 4 units were unfinished for several years or months. The units were purchase by Charles Alexander (Heritage Properties) a developer out of Memphis for 500k. He finished the unit's and sold them for 1.02m, in summer '13. They are big (3,100 Sq ft with a 3rd floor), are painted an ugly color with unnecessary siding but they are all brick(extremely rare downtown), have great floor plans and high end finishes and touches. One is on VRBO and generates 6k revenue / month on a 1000 P&I mortgage. None are for sale but whenever they sale each owner will make a mint due to sq ft. I know the owners

real world example: I bought a lot in North Nash for 50 in '12 then sold it '15 for 175,000 that is 250% price growth and it is a nice overall chunk

Realtor.com/news/trends/the-hottest-u-s-markets-in-january-2016/ The hot list San Francisco, CA San Jose, CA Dallas, TX Vallejo, CA San Diego, CA Sacramento, CA Nashville, TN Stockton, CA Denver, CO Los Angeles, CA Santa Rosa, CA Oxnard, CA Top 12 review CA: 9 Denver & Dallas, two large scale cities Nashville

Thanks for the insight, is this the location for the parcel on Heiman?

A couple articles are out on some upcoming businesses moving to Jefferson Street. A Tech Firm will move in at 1033 & 1037 Jefferson St. Rendering: A vet clinic of some type will open across the street at 1016 Jefferson St. Often referred to as Nashville's "black Main Street," the corridor has seen increasing interest from real estate investors, especially following the opening of nearby First Tennessee Park Link 1: http://www.bizjournals.com/nashville/blog/2016/01/local-tech-companies-moving-to-jefferson-st.html Link 2: http://www.tennessean.com/story/money/real-estate/2016/01/12/internet-marketing-firms-pet-care-headed-jefferson/78637070/

Looks great Jim, thanks for the share. Construction will be completed Feb-ish? List price, $415,000 ish?

Nama in midtown is SO bad compared to the one in Knoxville. I hope the one in Brentwood isn't as bad.

Ultra exciting news, would re-vamp the heart of East Germantown

Land + Construction cost around $20 mm per the article. A little birdy told me another Apt Complex in Mid-Town is about to sale for a record price.

Fresh Hospitality continues to buy, build, invest in Germantown. The company has paid $520,000 for the site at 1306 Third Ave. N (Street Image Below). The site is adjacent to land Fresh Hospitality bought in February, giving the company a combined 0.44 acres to work with (at a combined purchase price of $1.42 million). More immediately in Germantown, Fresh Hospitality is finishing work on the Germantown Market, at 1120 Fourth Ave. N. The building will contain three concepts: I Love Juice Bar, Little Donkey and Cochon Butcher. Those last two are new to Nashville. http://www.bizjournals.com/nashville/blog/2015/10/fresh-hospitality-takes-a-third-helping-in.html Image:

I believe the developer of Life Way campus is from South Florida. EDIT: Thanks for the info, was getting it mixed with Turnberry

Spoke to the principal at CapCon Group LLC, nice guy from Maryville, TN. Said that there is no timeline on this lot, I asked to buy it and he said no, but he is seeking an investor for capital infusion for other projects. He said they have 2 active projects in East Nash and are hoping to break ground on 4 projects in Charlotte Park ASAP, these will keep them busy until next spring. He is supposed to send me an email with more details about his firm.

I haven't heard about this property, now owed by Capcon Group LLC, a developer based out of Knoxville, looks like they have a few active projects in Nashville. Info: https://www.buildzoom.com/contractor/capcon-group-llc I have also noticed newer tenants to the property on the right (White w/blue trim House), 1015 Monroe.

There is a lot of activity on Arthur Ave 1514 & 1516 Arthur are both framed up, Trust Development 1411 Arthur Ave was surveyed, they are going to build a 4 bedroom and a 3 bedroom on this parcel 1405 Arthur Ave (a 3 Unit) demo was issued, they are taking it down this morning.

Use the NextDoor App, all north side neighborhoods are pretty active on it,

Lifeway buyer has been buying up property by the campus. Looks like they are going to get the entire block across the street from YMCA where the Sicilian Pizza place is. http://www.bizjournals.com/nashville/blog/2015/09/lifeway-buyers-snagging-nearby-land.html This seems like the best bet, one of the building has 40,000 sq ft space for a grocery