L. C. Ice
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Posts posted by L. C. Ice
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45 minutes ago, MLBrumby said:$2.1 B for a stationary translucent roof and up to 60,000 seats!?!? Not even a retractible roof, which Indy built for half the cost?! They' ve just described the 1964 Astrodome!
Lucas Oil Field started construction 17 years ago.
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18 hours ago, Luvemtall said:Not fully understanding the thinking here. Why would they hold off on building this tower? If Amazon don’t want or need it , somebody will. It’s not like it will be completed anytime soon , at least another two years to finish it. Build it as spec , and put the finishing touches on at the end. We see new project announcements happening throughout Nashville, including office. What about the projects just recently across the interstate in Midtown Beaman, Reed, Dairy property etc. those will certainly have office components. And the economy isn’t as bad as some would like you to think, it’s adjusting and there are areas that need some attention, but the unemployment rate is lower now then before Covid and supply is getting back , sure prices are up but that’s just the greed of these companies to make back what they claim they lost during the pandemic. Amazon is seeing lower numbers now, because they were basically the go to for everyone during these past few years, now that people are getting back to normal shopping routines, their not getting as much of the pie. I don’t get it, seems like a big farce bout nothing. Build it… and they will come.
Dude, inflation is because the "children in the room" have been printing up trillions of dollars in a spending spree. They've also made war against the natural energy sector in favor of the imbecilic green energy fantasy which has driven up the cost of everything.
It wouldn't surprise me if residential development slows down considerably with the direction that unemployment is heading.
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4 minutes ago, natethegreat said:
LICEC returns !
Dude I'm a d.j. I don't know who this licec who you are so concerned about is.
Do you want me to spin a jam for you?
Ice Ice Baby
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2 hours ago, jjbradleyBrooklyn said:
Would not be too surprised given the segments they've already branched into! haha
Good point. A hotel option could succeed well there.
Make it the tallest "all hotel building" in Nashville. Could see that succeeding, especially in that location.
As it is right now with the market, a 600 foot high skyscraper with office-alone purpose, does not make sense financially, to be honest. So I can understand their reasoning.
I could see them pause at garage height, take a look to see how the market pans out in 2023, and then based on that, move forward in 2024 or 2025 to either reduce the height of the building, repurpose it as a mixed residential, hotel, commercial building-something like that.
If office projects are being cancelled then hotel projects will fare no better. People might be losing their jobs in record numbers. They're not going to be making leisure trips yet alone the reduction in business trips. The "children in the room" are doing a great job.
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On 10/5/2022 at 7:17 PM, KJHburg said:
How Nashville market compares to peer cities in the south and Austin. Nashville is the 2nd most urban in looking at what percentage of total market is downtown and in your case midtown.
MARKET NAME 1. SIZE OF TOTAL OFFICE MARKET 2. TOTAL VACANCY INCLUDES SUBLEASE 3. YEAR TO DATE ABSORP-TION % 4. AVG. YEARLY PER SQ FT RATE
1. 2. 3. 4. HIGHEST PRICED SUBMARKET CENTRAL BUS. DIST VS SUBURBS
CHARLOTTE 65.209 M 17.60% 1.00% $34.45 SOUTHEND AT $42.43 SQ FT 45/55
ATLANTA 176.3 M 21.40% 0.40% $32.63 MIDTOWN AT $43.60 SQ FT 37/63
AUSTIN 70.6 M 17.90% -0.40% $54.78 DOWNTOWN AT $65.87 20/80
NASHVILLE 47.3 M 19.10% -0.10% $35.87 DOWNTOWN AT $43.11 39/61
RALEIGH DURHAM 58.0 M 13.20% 0.20% $31.45 DOWNTOWN RALEIGH AT $37.98 16/84
Year to date Charlotte is the best performing market in terms of absorption of office space as percentage of the market size.
Charlotte is the most urban market in terms of its Uptown, Midtown, Southend all being part of the urban market.
Then Nashville is 2nd most urban centric with Atlanta being the third. (Atlanta urban market includes downtown, Midtown and Buckhead)
Austin is by far the most expensive office market. Raleigh Durham is the cheapest office market but does reflect that it has the most suburban office space as part of the total market.
Highest vacancy is in the Atlanta market and all figures include sublease space. Raleigh Durham has the lowest vacancy rate.Atlanta market is by far the largest in size at 176,300,000 sq ft with Austin 2nd largest and Charlotte 3rd but pretty close in market size of total square footage of office space.
Southeast | Locations | JLL you can download your own report here
Nashville has built 16 office buildings at least 10 stories since 2016. Thanks.
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On 9/17/2022 at 4:29 PM, smeagolsfree said:
He must be living under a rock as that was a stupid question.
If it is YOU KNOW WHO either go away now or you will be sent away! If not ask a good question.
That is a good question. The administration is touting the jobs number increase and gas price decrease as proof that the economy is doing very well. Are we to believe you over them? Don't write a bad review here.
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On 9/17/2022 at 6:41 PM, KJHburg said:
I hear from reliable sources that these party wagons, buses, tractors etc have been throttled back. But I saw them everywhere today and suprised how far they go outside of the downtown core. And the line for the Wings mural was crazy long! (first photo) Now remember these tourists are the ones filling up your hotels as Nashville is in the big leagues of party goers in the country along with Miami, Vegas etc. Nashville has to be the day drinking capital of the US.
I DJ own those sometimes. I always start out the first leg with that cool and famous tune: ice ice baby.
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19 hours ago, bnacincy said:
Probably what needs to replace Flatiron in that building is something slightly downmarket-so people within walking distance like students and residents of the new condos going could better afford it
Particularly with where the economy might be headed.
Wha? What's going on with the economy?
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Economic Conditions - Nashville, TN, U.S., Global
in Nashville
Posted
We're very fortunate that the ice cream guy is in office. Things today are so much better than they were in '19,and '20 .