BROADWEST (former West End Summit), 36 story Conrad Hilton Hotel/condo tower, 22 story/510,000 sq. ft. office tower, 4 story/125,000 sq. ft. retail/office, 1 acre plaza, 2,500 car garage, $490 million

[nashmoney]

From The Tennessean:

 

"Palmer continues to explore the possibility of developing a pair of office buildings at the West End Summit site. He's also explored the possibility of a residential component for the development, which is still expected to include an InterContinental hotel."

 

How much exploring is he going to do??? He has had 14 years to explore. I understand the markets and dynamics change over time, but come on! Dora the Explorer would have found out by now. Geesh!

 

And if Intercontinental wanted to be in this market, they would be here by now. I'm sure they would not be waiting a decade for Palmer to secure lending and figure out what he wants to do. If let up to Palmer, Intercontinental would never be in the Nashville market.

[satalac]

http://www.draftdaysuit.com/wp-content/uploads/2011/11/cocainesahellofadrug.jpg

[smeagolsfree]

"Palmer doesn't plan any further comments on the matter until the financing package for West End Summit is 100 percent complete."

In my house, we call that a temper tantrum.

I guess we will never hear from him again.

[Vrtigo]

An equally valid question, I think, is how in the world did this rumor(?) get started?

 

Bad reporting on the part of NBJ? Dissent among the ranks of Palmer's staff? A simple misunderstanding?

[troyboytn]

The only thing that I can add to this is that it is past time that Metro steps in . This pit needs to be filled in because there is no doubt that it is a public health hazard. He needs to be given a time table to get things physically moving forward, or be fined a large amount for each day otherwise. I can promise you if this hole were in Knoxville (or any other city for that matter), it would have been filled in long ago....

Edited September 16, 2014 by troyboytn

[Guest]

I am no Palmer fan, and the hole is definitely an eyesore, but a 'hazard'? Not sure I agree with that logic. I mean sure anything can be a hazard, but Palmer has the area fenced-off and it gets sprayed regularly to inhibit mosquitoes in season. The very fact that is has sat derelict for 7 or 8 years without any injurious headlines is a pretty good case that it is not an immediate hazard. 

If codes are being violated then of course they should be enforced, but short of that metro should not be involved. JMO

[Paramount747]

By now Palmer has done everything to secure financing except for actually getting on his knees in a lender's office and repeating "Pretty please" over and over again. If a lender hasn't given him money yet -- considering the huge potential of the WES site and Nashville's inner-loop in general -- I can't imagine that he'll ever get money for it.

I almost did not read past ..."getting on his knees".... I thought the comment would take a vile turn, but thank God it did not!

[smeagolsfree]

Considering what we know and how accurate the NBJ normally is, I would say someone may not be telling "the whole truth and nothing but the truth".

[arkitekte]

I am no Palmer fan, and the hole is definitely an eyesore, but a 'hazard'? Not sure I agree with that logic. I mean sure anything can be a hazard, but Palmer has the area fenced-off and it gets sprayed regularly to inhibit mosquitoes in season. The very fact that is has sat derelict for 7 or 8 years without any injurious headlines is a pretty good case that it is not an immediate hazard. 

If codes are being violated then of course they should be enforced, but short of that metro should not be involved. JMO

 

True, nothing has happened, but the minute something does Palmer had better watch out. It's a liability in any case. I'm not for sure how blight is defined and addressed in Nashville, but some cities would consider that blight that Palmer would either have to correct, or in his case, pay a fee for. I'm sure Metro's legal team has looked into this a bit; I could see an event of something bad happening and a law suit being filed against Metro for not taking preventative action against Palmer. Palmer has deep pockets so the suit could and probably would stop with him. 

[TNinVB]

Lord forbid someone lost control of their vehicle and went through the fence. Not sure how sturdy the fence is or how close the hole is from the road, but I would imagine it wouldn't be good.

[CenterHill]

Lord forbid someone lost control of their vehicle and went through the fence. Not sure how sturdy the fence is or how close the hole is from the road, but I would imagine it wouldn't be good.

[satalac]

What did you think about all the Lake Palmer jokes?

I ignore that stuff. I don’t care anymore. It doesn’t bother me. In this business you're going to take some hits. Now it's my turn to turn around and not say ‘I told you so.’ But that’s part of this business.

http://m.bizjournals.com/nashville/news/2012/09/27/developer-alex-palmer-chats-about-west.html?page=all&r=full

Same song and dance.....

[Vrtigo]

I wonder if maybe this "song and dance" is secretly a Palmer plan to keep people talking about the site...? After all, there's no such thing as bad publicity...

[dmillsphoto]

I wonder if maybe this "song and dance" is secretly a Palmer plan to keep people talking about the site...? After all, there's no such thing as bad publicity...

I think people are going to continue to talk about it, but it's always going to be for the wrong (or, in a negative light) reason.

[Bezoar]

Possible development at Lake Palmer:  http://www.bizjournals.com/nashville/blog/2014/11/riebeling-palmer-in-talks-with-a-partner-to.html

[volsfanwill]

I'd like to believe so, but this sounds like palmer trying to pump himself up......again.....

[BnaBreaker]

I'd like to believe so, but this sounds like palmer trying to pump himself up......again.....

 

Agreed...I don't think it's a coincidence that this announcement came out just after the Turnberry, Bridgestone and Convention Center office projects were all announced. 

[MLBrumby]

Awwww.... bless  his heart!   Must have been a really tough week for Mr. Palmer.  This looks like a cry to appear relevant.

[Bezoar]

It's neat to use Google Maps street view time machine to look watch the progress of developments in the city.  It's hard to imagine a time when this hole wasn't filled with water.  Top image from 2007, bottom from 2014:

[Paramount747]

This was first announced in 1998. So we shall seeeeeeeeeeeeeee...........

[ariesjow]

This is officially in the "I won't believe it until it's actually 100% built" column for me.

[TNinVB]

I'll believe it when I see it.  But wouldn't it be nice for something to finally happen with this site?  Perhaps all of the other developments has sparked something to get this out of the ground.  

[BnaBreaker]

At this point, if a massive pile of dirt that filled the hole was proposed for this spot, and nothing else, I'd be thrilled about it.  So any actual STRUCTURE that comes out of this would make me leap for joy.

[Nashville Cliff]

I heard there was a Cook Out going in at that site.  

[troyboytn]

I'll bet Turnberry, Pat Emery, and Tony G are shaking in their boots at the thought of fighting against AP for tenants!      lol

Edited November 14, 2014 by troyboytn