HGMIII
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Posts posted by HGMIII
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Atlas, CL Germantown, Ludlow Row are 3 good looking developments.
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1 hour ago, PHofKS said:
I was hoping they would do this all the way around the building. I guess not.
I wish they would require the 'tall skinny' duplexes being built everywhere to put brick or stone at least on the front(s) facing the streets.
I’d say that less than 20% of new builds features Brick or Stone, too expensive.
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If this goes thru, what a flurry of activity on the North side...
Gannet site + Nashville Yards + Gulch North = wow!
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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.
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Ovation owner / developer files CH 11 BK to stop foreclosuring procedures taken by the owners of the $27M loan he owes...yikes.
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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.
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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.
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5 minutes ago, titanhog said:
Nashville's record 70 months in a row tourism record comes to an end. Is this is a sign we've maybe reached critical mass on hotel room prices? Or...was this just inevitable and we'll pick right back up and start another continuous month over month trend?
The Tennessean reports that Music City’s streak of 70 consecutive months of record tourism numbers, the longest streak in U.S. history, ended in October.
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.
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On 9/28/2016 at 0:42 PM, mundiejc said:
The two duplexes in the middle were built before the crash. They are hideous, I agree. Rumor has it that it was built by a Titan's player who maybe got cut eventually? They went into foreclosure and I believe someone picked them up for under 100 per side.
The others being built are all new construction. Its very consistent with the styles and finishes going on in east, 12south, and wedgwood houston. There is no historical overlay in HBV or North Nashville, so people can build whatever they want. They aren't selling quickly, but they are pushing price points in the mid 400s for between 1800-2000 sf... so they may just be a little early.Just for clarification purposes. Salemtown and Germantown are between the river and Rosa Parks, north of Jefferson, south of I65. HBV is West of Rosa Parks, North of Jefferson, and bordered on the west and north by I65. North and West of there has a bunch of different neighborhood names according to google. But it seems that they are generally getting lumped together as the Buchanan Arts District. The neighborhoods themselves are kinda small and since they are all anchored by Buchanan, it makes sense to me to group them together that way.
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
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2 hours ago, mundiejc said:
If you're looking at appreciation... when an area goes from prices being set in the "no one wants to own here range" to the "people actually want to own" range, the price increase, on a percentage basis, can be pretty steep.
its just like north nashville over the last 3 years. 3 years ago you could get a basic, but move in ready house, 1100 feet or so, for 50-60k. Now that same house will go in the high 90s or low 100s (depending on exactly where it is in the neighborhood). Thats like 100% price growth, but over all, its not that much.
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
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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
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17 hours ago, mundiejc said:
Jefferson Street is starting to activate all the way down. DJ Wootson's mixed use project at 1821 Jefferson is having its official groundbreaking tomorrow at 10.
Additionally, I'm heading to a community meeting tonight regarding a proposed development on a huge undeveloped parcel at 2500 Heiman. Will include 300 units of single famil, town homes, flats and commercial if rezoning is approved. Will be a game changer for North Nashville.
Thanks for the insight, is this the location for the parcel on Heiman?
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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
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Looks great Jim, thanks for the share.
Construction will be completed Feb-ish?
List price, $415,000 ish?
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2 hours ago, markhollin said:
More details announced regarding the new Hill Center in Brentwood at corner of Franklin Road and Maryland Way:
http://www.tennessean.com/story/money/real-estate/2015/11/23/yeah-burger-nama-sushi-join-hill-center-brentwood/76281910/
Nama in midtown is SO bad compared to the one in Knoxville. I hope the one in Brentwood isn't as bad.
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Ultra exciting news, would re-vamp the heart of East Germantown
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Artisan on 18th going for $35.2 million.... So anyone here remember what this project cost to build? Seems a bit low from what I expected.
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.
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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:
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Colliers has released its latest quarterly office market report, and there is robust demand for space across the whole Nashville area. Class A (New Construction) demand is off the charts and is commanding $38 p.s.f. Y.T.D. net absorption is 1.3 million... and you might think that would spur some of the local yokels to build something really big downtown. For all his bluster, Mr. Giarratana did get envision what was to become the Bridgestone building, although it took another developer to see it materialize. Nevertheless, time to market being what it is and accounting for even the modest amount of space delivered with the Hines/Hayes building... the Eakin building... and a possible expansion of Cummins, there will be a shortage of office over the next two years. And even when those projects open, the rate of office space being consumed will exceed what they deliver. I have a feeling that Emery will be unable to get his office off the ground... but assuming he does... and assuming some out of town developer (they seem to be the ones who can actually get big things done), I see a market for two large 500,000 s.f. towers in the CBD. Perhaps the California investors who bought the Lifeway "campus" will have enough gumption and financing to get something really big to rise in the Middle Gulch. http://nashvillepost.com/blogs/postbusiness/2015/10/7/report_class_a_office_space_demand_strong_could_spur_construction
https://www.nashvillepost.com/sites/default/files/attachments/91840/Colliers.pdf
I believe the developer of Life Way campus is from South Florida.
EDIT: Thanks for the info, was getting it mixed with Turnberry
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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.
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Noticed that Construction permits for both 1411 and 1405 lots have been issued. 2 units at 1405 to be built. That was a quick turnaround from the demo!
HGMIII - any intel on 1013 Monroe St? Old duplex which was sold recently, tenants asked to move out and have been gone couple of months with no action on the property. I suspect this will be a demo, but don't know anything for certain.
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.
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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.
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There have been a recent increase in thefts and petty crime situations in HBV. I'm relatively new to the neighborhood, is anyone on this thread familiar with a Capitol District listserv or Facebook group? Or a neighborhood watch / neighborhood association for the district as a whole or HBV?
Use the NextDoor App, all north side neighborhoods are pretty active on it,
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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
Tapping my foot and glaring in the direction of Capitol View.
This seems like the best bet, one of the building has 40,000 sq ft space for a grocery
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Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge
in Nashville
Posted
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