HGMIII
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Posts posted by HGMIII
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1421 9th Ave N is sold and will close Friday, listing agent indicated contract sales price slight above list price, but wouldn't give me a number.
http://www.trulia.com/property/1084157614-1421-9th-Ave-N-Nashville-TN-37208
Guessing contract sales price of $350,000 for 1,897 sq ft, $184/ sq ft in Historic Buena Vista.
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Police HQ moving to Jefferson St next to Knock Out w@NGZ, this is an excellent proposal which will help clean up that side of Jefferson, which IMO would lag behind the development of Jefferson St inside the loop.
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That's not really E. Park, but thanks
Stop being difficult.
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This white building at 1022 Monroe St, now has a full sized dumpster in the backyard clearing out the interior. The full-sized dumpster is already full.
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Nice little reno on 22nd Court. Listing: http://www.zillow.com/homedetails/746-22nd-Ct-N-Nashville-TN-37208/41116382_zpid/
Now:
Was:
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https://www.nashvillepost.com/news/2015/3/23/permit_patrol_23_march_2015
Food court rehab at Tennessee Tower
DWC will rehab the third-floor food court in the Tennessee Tower for $1.25 million and add a Chik-Fil-A for $1 milli
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Called it. Thanks.
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Doing the math on this makes it seem a tad unreasonable. $5,000,000 a month over 27 days(Sundays closed remember) would be roughly $185,000 a day. Assuming each customer spends $10(some will, some won't), this comes out to roughly 18,500 customers each and every day. If we assume that customers are perfectly spaced out between 6Am to 10PM this equates to roughly 1150 customers an hour. Which means they would need to service 19.3 customers a minute. Even if they have 8 registers going at once, this would be each customer interaction from ordering to payment would need to take 25 seconds.
Point being, when a number sounds too high to be true, it most likely is.
That Chik Fil A makes their money via CATERING ORDERS to downtown firms, something you completely left off in your little imagination revenue equation. Thanks.
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That sounds like a pretty easy solution to me. You say they are being "stand offish" by booting cars that get take out, but how often could that be happening to them? Sure the car might just be there a few minutes, but multiply that a few times and they could be losing parking for their own paying customers.
Post less.
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I guess the solution is...if you don't work for, or do business with Cumberland Machine, don't park in their parking lot.
No that isn't a solution.
I don't and I won't. Pretty easy to walk 3 blocks to 312.
One going up across from Elizabeth Park on Arthur. Two lots cleared yesterday for what I assume will be two more. Apologies for inverted image. Sent from iPhone and don't know how to rotate.
Flipped.
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Cumberland Machine has been in the neighborhood a lot longer than 312. Its 312's problem they did not secure any parking before opening. Cumberland does not owe 312 any parking in its lot any more than Germantown Cafe owes Tempur (same owners as 312) parking in their lot.
Agreed, but Cumberland Machine Co have been unamicable and stand-off ish when seeking any type of solution . IE: Booting cars when someone goes to get a PICK UP order. They are within their legal rights but acting like a dick.
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good. Now need to get Cumberland Machine Co to move, they are also a pain in the ass, re: parking at 312
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$5,000/month revenue? I would think $5,000/day. At least for some place that's really kickin'.
5 million a month, double what a normal Chik Fil A does
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Someone needs to put a Chik Fil A in the ground level of one of the Capital View buildings and make a fortune.
This Chicago location generates $5,000,000+ / a month revenue
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The investor owns the parcel adjacent at 1715, according to the Tennessean version of the story. There's a house in between all of this that's also for sale. it would be a substantive chunk of land if it was all combined under one owner.
The condemned house with the people that live outside in the tent, gotta love it.
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Nashville's wealth gap among the lowest in the U.S
In Nashville, the 95th percentile makes about 8x as much — $169,581 compared to $21,393. That makes Nashville's gap the sixth lowest among the 50 largest U.S. cities, based on 2013 data.
That's an improvement over 2012, when the city had the 17th lowest gap.
The gap is highest in Atlanta, where the richest 95th percentile makes nearly 20x as much as the 20th percentile — $288,159 compared to $14,988.
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Lot at 1729 Rosa Parks sold, developer eyes Apartments. http://www.bizjournals.com/nashville/blog/real-estate/2015/03/investor-buys-germantown-land-with-more-apartments.html
Article says this is Germantown, technically this is HBV.
I've watched that ole business for a while. From what I have seen it is a one man show who works about 30 hours a week. Hopefully that entire block gets developed.
This is next to the 1703 Rosa Parks lot that has been for sale for 2.5 yrs
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From the image in the brochure it looks like the currently dead plaza on the east side will be come a major entrance, with a car drop-off.
Image 1
Image 2
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Two more sales on Monroe this month, spoke with buy-side agents, both of these will be tear downs + new construction.
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Picture from today, about 4 months since last photo of the project
From the construction cam...I didn't know they were that far along with phase 1. Apparently they have completed excavation and have poured a lot of concrete for the pad...
The renders...
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Thanks for the info on the RS-40A zoning stuff ya'll.
I know the neighborhood association over there is not wild about the rezoning... mainly due to density. But its 2 blocks off Jefferson and 2 blocks from TSU... several larger apartment complexes and some light retail in that area. Plus - I believe long term the adjacent railroad track is supposed to be some sort of commuter rail. It seems like it makes sense.
I will be attending the zoning hearing and will probably bring up an SP. Hopefully that will get the neighborhood on board if they have more of a say in the process.
As for Arthur and Elizabeth Park - remodels are starting to pop on multiple streets. I closed on on 17th Ave N last month for 180,900 and the investor I'm working with is finishing up rehabbing a folk victorian bungalow on 11th just north of Buchanan that will be listed in the mid 200s (2100 sq ft, 4 bed 3 bath). It seems most everything over there is along and south of Cockrill and East of 14th Ave N.
Also - something is going on at the old abandoned grocery store at 9th Ave N and Buchanan. Lots of permits pulled and significant work being done. I'm really excited for anything at this juncture that will bring some stability to the Buchanan corridor. Too many vacant commercial properties right now. Additionally - a permit was pulled at I believe 1411 Buchanan for rehab for Alex Lockwood's new gallery (he has been at 100 Taylor).
BTW - here's the rehab on 11th - if you know anyone who might be interested, shoot me a PM.
I saw this property just sold for $243,000 on 3/6/15 on a list of $249,900, congrats.
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Two new properties on MLS today, these are the Front/Back town homes at corner of Cheatham Place & 9th Ave N. Both are 2 / 2.5
1421 9th Ave North, MLS # 1613490 1,897 sq ft, List Price: $381,000 - has front balcony on 2nd floor
903 Cheatham Place, MLS # 1613442, 1,958 sq ft, List Price: $378,000
http://www.trulia.com/property/3190844989-Buena-Vista-903-Cheatham-Pl-Nashville-TN-37208
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There is no crisis, as long as North Nashville remains significantly untouched by development. See my gentrification thread below. Not sure why we keep acting as if North Nashville has been all bought up. When people refer to "old Nashville," their talking about those who refuse to attempt any redevelopment in North, and label it as unfixable. You could not live in any other major city, and have places like Bordeaux with those riverfront views, remain significantly untouched. It's borderline frustrating to continue to see people ask where to live in the city, and North Nashville is staring right at them screaming "LOOK AT ME."
Who said anything about a crisis?
Lots in Germantown & Salemtown are gone
Lots in HBV, Hope Gardens are now going for 100,000+
Several businesses on Jefferson St are up for sale
MHDA announcement on Jefferson, etc.
It will overflow outside the loop on a large scale in 2016 IMO
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I think the sad reality is that many of those with modest means will be moving to the neighborhoods that have not become "fashionable" and still offer rentals and units for sale at more affordable prices. Unfortunately these neighborhoods are often also lacking in adequate public transit offerings. And, of course, those with limited financial resources will face both housing and transportation difficulties in this situation. There ARE still a few parts of Davidson County where the "IT" City virus has not taken hold.
http://www.usatoday.com/story/news/2015/03/02/urban-donut-demographics-poverty/24281675/
This is not an issue that Nashville faces alone, per the USA today article,
"For most cities, the downtown was the poorest, least educated place" a generation or two ago, said Luke Juday, a research and policy analyst at U.Va.'s Weldon Cooper Center Demographics Research Group. Since 1990, urban downtowns and central neighborhoods have attracted "significantly more" young, educated, high-income residents. The developments are happening for several reasons, said Juday, including policy shifts that moved public housing away from concentrated high-rises in city centers. Long-term trends such as lower urban crime rates and a rise in demand by Millennials for "walkable neighborhoods" have also had an effect.
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I've been to the Stockyard x4 for dinners with large parties. The 2nd visit they added on 2 extra appetizers, the last visit they added on several beers & mixed drinks, won't go back. Have since had my steak dinners at "Kanye" Prime.
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Inside 440 - Berry Hill, Midtown, Vanderbilt, 12S, WeHo, Fairgrounds, etc.
in Nashville
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That Bell complex has undergone several renovations / updates recently and will be listed for sale / sold soon IMO.