andywildman
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Everything posted by andywildman
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Glad to see that TDOT is pursuing more efficient & cost-effective design/build methods. Not thrilled that TDOT is exclusively looking to move more people via more roads and wider highways. No surprise to anyone who drives around middle TN that our state has seen massive growth in vehicle miles travelled while highway lanes have plateaued. Would be fascinating to know if VMT per capita is also rising dramatically - if I'm a legislator, I think I'd want to keep that number from growing too rapidly. Buried in the back of the slides is a comment that by 2045, over 57% of spend will be on keeping existing infrastructure in "state of good repair" … the connection that TDOT isn't calling out is that all of these projects they're doing today will require maintenance 10/30/50 years down the road.
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CG, if you want to maximize the reach, could be interesting to do a version of this ride in partnership with someone like Green Fleet tours or Music City Dope Pedalers and get more than just this website involved.
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Big fan of higher unit count (even if it does end up STR, more supply is good), but it has a LOT of parking... Looks like the garage is entirely underground, which is a really nice silver lining. Not the prettiest building, but I dig the architectural diversity this is bringing - Miami Vice vibes indeed.
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- 4
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- tim morris developer
- steve armistead developer
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Loving this from just about every angle. I see 25+ stories, greenway expansion, and pedestrian-first plazas - but zero information about parking. Assuming that at least 75% of this ends up getting built, feels like a really strong use of this land.
- 143 replies
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- kci traffic engineering
- barge cauthen civil engineering
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Wouldn't a single developer's mega-project take longer? I'd rather they bid out blocks with some sort of guidance as to what they want in those respective parcels. For example, parcel 102 is zoned DTC, requires 50,000 sq ft of retail and 250+ units of residential with max 200 parking spots, and 10% of residential units are reserved for under 60% AMI. Who wants to build on it?
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Agreed, see Old Hickory.
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I don’t support bans for SFH, but I’ll always get behind enabling denser development. Sign me up for eliminating side setbacks so we can do rowhomes.
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My $0.02: tech companies have been chasing top-line growth (more volume, more users, more sales) regardless of how much cost they added, because debt was cheap and capital was flowing. Now that rates are rising, companies and owners that were fine with losses in pursuit of users (largely tech companies) are tightening their budgets and pursuing profitability via lower costs. Oracle's latest filings show revenues up 14% year over year, but costs up 40%, meaning their income is down vs last year. They - like most tech companies - are reducing headcount to get costs in line with revenue.
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Nothing out of my pocket today, which is why I'm not vehemently opposed. The cost as I see it is opportunity cost. If Metro doesn't go down the path of new stadium, there's sales tax revenue that we don't earmark for the new stadium, which could fund other things (or prevent future property tax increases).
- 1,451 replies
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- metro nashville sports authority
- mayor john cooper
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Exactly this: a new stadium will 100% generate more revenue, especially in the first 5-to-10 years after it is built, than Nissan would. But it likely won't generate $1B more in taxes to the city via ticket sales & hotel rooms & everything else we'd need to recoup the expense. The value of the East Bank is highest with a new stadium (that we'd be gifting to the Titans, making the Adams family even more wealthy), and I think that it'll get approved here in the next couple months, but I'd love for the council to push for more concessions from the Titans and from the state house before approving it: future cost (like maintenance overruns) being funded through the Titans, and further transit & sustainable development funding from the state.
- 1,451 replies
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- metro nashville sports authority
- mayor john cooper
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Project Thread/New Construction/Photo du jour/Const. CAMs
andywildman replied to smeagolsfree's topic in Nashville
That three years strikes me as total time before it's done, not the duration that the Broadway viaduct is going to be closed. With using the same techniques they used in the Fast Fix 8, it should be a max of a couple months of closure. -
I thought it was the number of parking spaces, not necessarily lots... but you could be right.
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- metro nashville sports authority
- mayor john cooper
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My issue with this talking point (feels like a no-brainer at first, and it's one of their main arguments in favor) is that Nashville does not need a new stadium to develop the East Bank. The city owns most of that land, and that land is already starting to be redeveloped. Undoubtedly being next to a new stadium will make that land worth more, but it's already going to be worth a LOT of sales tax revenue if we develop it without the stadium. It's not diverting any existing funding, but it is reducing real future tax dollars.
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- metro nashville sports authority
- mayor john cooper
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Residential demand is up post-pandemic in a way that office isn’t. Tech companies are leasing significantly lower square footage per employee due to hybrid and work-from-home employment. Yes Nashville is building lots of office, but companies are downsizing and subletting their spaces. I’ve not heard how fully-leased Broadwest’s office tower and One22One are yet. Those plus the new Pinnacle tower will be the primary competitors.
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- mgm entertainment
- southwest value developers
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Would hate to see that parcel become a recession victim. Lot of office space coming online downtown recently… if not Amazon, there may not be enough interest in the short term to fill the full-height ~600’ tower. There’s already 3 residential towers going in the NY development proper, plus Tony’s 3 towers right next door, so I’m skeptical they’d pivot that parcel to residential. Could they end up looking to build another hotel in the Yards or would they have signed an exclusivity contract for the Grand Hyatt?
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- mgm entertainment
- southwest value developers
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Going to need some significant investment in pedestrian and bike infrastructure in midtown to go along with the thousands of new residents coming in.
- 192 replies
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- hastings architecture
- bosa development
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That was my first reaction, but the optimist in me is hopeful that this could end up for residents, not visitors.
- 34 replies
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- ca south developers
- thomas & hutton civil engineer
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Good start, but mind-blowing that they're excluding downtown & the Gulch for the pilot.
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Big fan of the design - both the simplicity in facade materials as well as the articulation to keep it interesting from the street but also to provide more corner windows. I like that there's a lot of 2br & 3br units, a good chunk of retail, but I love that there's only half as many parking spots as units. Any guesses as to whether this ends up STR/LTR/condos?
- 34 replies
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- ca south developers
- thomas & hutton civil engineer
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Lot of new office space still moving to Nashville...