think365

Rehabbing to multi-unit residental

10 story residential housing with retail on the first level. The developers did a presentation on the proposed building and provided renderings a couple of months ago.

There was plenty of thought on how it would affect the community. The interstate was intentionally used to destroy it. This was a racist policy done in almost every city in the U.S. with a black community.

What "solutions" were presented? How does the mayor's plan "right the wrong" for the people that were wronged?

More too little too late politics. This has nothing to do with the people that were wronged.

Now that North Nashville is gentrified he's going to engage the people of North Nashville to right the wrong?

DJ did not design this project, doesn't own it, and didn't finance it. He's a front man plain and simple. This project stands out like a sore thumb compared to the other buildings on Jefferson St.

Are these units going to be considered part of Cheatham Place?

Corner of Arthur and Garfield.

The project at the end of Arthur in HBV also looks like it's about to begin. Agentemo, do you know the other person with the Kudzo home right off Arthur on 11th?

I haven't looked at any numbers recently, but it seems to me that HBV has caught up with Hope Gardens for price/sf and land values. Is that not true?

The price of that building would have to come way down or land values would have to increase significantly for a tear down to make sense. That building will be sitting there for a while.

Cool, HBV is still moving along.

It looks like they own a number of vacant lots in the area. I'm not sure if they've done anything with any of them.

She is speaking as a person that lives in the community, not only as an investor. If you asked other people in that community you would hear more of the same. She did a good job being one of the voices for that community.

I think you are right Mundiejc... This guy does have a negative attitude. However, he has recently purchased properties on Buchanan and a bunch of lots on Cephas and 11th. I've actually spoken to him before. He is waiting a few years for the neighborhood to turn around. Then he will capitalize on the ever increasing prices of the area.

Quite the contrary. I think she has a great attitude. She apparently cares about the neighborhood. Probably doesn't want to see it turned into a neighborhood full of two attached homes on one lot. With the time and money that she put into the area how can anyone say her attitude is awful.

Yet when an article says HBV is Germantown people are quick to point that out. A street separates every neighborhood...

That's not really E. Park, but thanks

How do you know that 1024 is going away? That style of multi plex is an eye sore, but at the price it sold at I wouldn't bet that it is slated for immediate tear down.

People are already paying too much for the low budget renovations that are going on in Elizabeth Park. It amazes me. I walked through the home on 1727 Heiman late last year when the owner was selling it for $55k. The house needed the interior updated. Apparently another investor purchased it for $52k did basic interior renovations and flipped it for $140k. Kudos for that guy for getting a big check on that flip, but that home wasn't worth that. You can tell when a person is renovating these home to live in versus an investor renovation. Like the home on 1023 Cheatham in HBV, that house looks great, when I saw the work being done on that home I knew that was the home owner and not an investor just based on the quality of work. I don't know who owns the nice blue house at 1040 Scovel but I can only assume that is the owner who plans to live there because it's done too right. They removed the siding, put up new plywood, wrapped the house and put up new fiber cement siding. I'm sure the inside is fully insulated. I have not seen any investor renovations in Elizabeth Park get that kind of treatment. the majority of home I've seen in Elizabeth Park have at least 2-3 layers of siding. Where the top layer is covering some rotted out/outdated siding below it. That never gets addressed. It was ok when the houses were only selling for $50k, but at current prices buyers need to start demanding higher quality, or lower prices.

What lots in HBV have sold above the list price for 1027 Cheatham place?

Same has happened in HBV and Salemtown within the last month...

It's never endless. At the current rate of building, how long will it take for supply to catch up or surpass demand? Time will tell, but someone has to be coming up with some numbers to get all of this financing approved.

Does anyone have the statistics that show the demand for apartments? It seems as if developers believe that there is an endless supply of people willing to pay $1,500 and up in rent.