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

[BnaBreaker]

At this point, I'd be absolutely thrilled if they just filled in the hole with dirt!!

Edited January 18, 2016 by BnaBreaker

[titanhog]

1 hour ago, BnaBreaker said:

At this point, I'd be absolutely thrilled if they just filled in the hole with dirt!!

I think we'd all be happy if he would just sell the land to another developer.

[Paramount747]

16 hours ago, titanhog said:

I think we'd all be happy if he would just sell the land to another developer.

That is what we want, but Alex has always been tenacious so he will hold on to this as long as he can. He probably could have sold this a long while back, but "pride goeth before the fall..."

Edited January 18, 2016 by Paramount747

[Pyramid Scheme]

Someone should bring humility back for the sake of this lot.

[Paramount747]

In any case, he had better do something in the next 6 months or he is going to be in trouble. If the stock market slowdown, the weak Chinese economy, and low oil prices are any indication, he may never build on this, or even sell it.

This is an example of why not to excavate on spec. This was maybe the worst boneheaded decision ever and now he has to live with it. The city has to live with it. It's embarrassing and dangerous. The city should take him to court to make him fill the hole. He excavated this in 2007. That was 9 years ago. He first started proposals on this in 1998. That was 18 years ago. 

There is really no excuse for this debacle that has stained the fabric of midtown going on a decade.

Edited January 19, 2016 by Paramount747

[bigeasy]

Kinda off topic, but is the hole for the Chicago Spire still there as well? I think that hole was dug in 2008.

[smeagolsfree]

2 hours ago, Paramount747 said:

In any case, he had better do something in the next 6 months or he is going to be in trouble. If the stock market slowdown, the weak Chinese economy, and low oil prices are any indication, he may never build on this, or even sell it.

This is an example of why not to excavate on spec. This was maybe the worst boneheaded decision ever and now he has to live with it. The city has to live with it. It's embarrassing and dangerous. The city should take him to court to make him fill the hole. He excavated this in 2007. That was 9 years ago. He first started proposals on this in 1998. That was 18 years ago. 

There is really no excuse for this debacle that has stained the fabric of midtown going on a decade.

I think he is already in trouble and it will get worse the longer it sits. ASP has missed several opportunities to develop this land, because of a series of missteps and shall I dare say arrogance.

[fieldmarshaldj]

5 hours ago, bigeasy said:

Kinda off topic, but is the hole for the Chicago Spire still there as well? I think that hole was dug in 2008.

According to this, yup. A nice circular pond.

https://www.google.com/maps/place/Chicago+Spire,+Chicago,+IL+60611/@41.8900906,-87.6144005,19z/data=!3m1!1e3!4m2!3m1!1s0x880e2b56a122f037:0xe4cf8752eb38c98e

[arkitekte]

2 hours ago, fieldmarshaldj said:

According to this, yup. A nice circular pond.

https://www.google.com/maps/place/Chicago+Spire,+Chicago,+IL+60611/@41.8900906,-87.6144005,19z/data=!3m1!1e3!4m2!3m1!1s0x880e2b56a122f037:0xe4cf8752eb38c98e

As expected in Chicago. Nashville will always be a box pond city. 

[chris holman]

Maybe Alex Palmer has something to do with this tower as well

[rookzie]

Saw that while riding on Lower Lakeshore, a good while back.  And even though there's no big round "scary hole" as that, there's also a waste of land on the other side of the Lakeshore Dr. drawbridge, just south of Lower Wacker.  And there's yet another one that has puzzled me for almost 20 years ─ the emply waste basin at Stetson and Water St (and East Lake St.), although it is smaller.  I realize that all that's flood-plain territory, requiring structures' main ground levels to be elevated, but it's just too much void way too long, for any size core district.

[Paramount747]

Website has not been updated since 2008, so I would not hold my breath!

[farm_boy]

InterContinental Hotels out of Palmer's West End Summit project

[dmillsphoto]

This is not news. This happened a year ago.

[smeagolsfree]

Actually that was the hotel operator, the ones that were to run it, that backed out, this is the actual hotel franchise.

 

Oh cry me a river ASP.....oh poor poor ASP...

[CenterHill]

but Comfort Inn is scouting for sites...

[MLBrumby]

Funny paragraph from Sichko's report in NBJ:  Today, the mostly excavated site has collected enough water that Google Mapsthinks there's an actual lake there. Last month, Metro granted a permit necessary for Palmer to pump the water from the site. That will take three to four months. The work has not yet begun.

[chris holman]

http://m.bizjournals.com/nashville/blog/2016/02/intercontinental-hotels-out-of-palmers-west-end.html

InterContinental Hotels pulls from Alex Palmer 

[titanhog]

I bet he'll eventually sell the land...or at least try to sell it.  It will be his only option before long.

[BnaBreaker]

i think its his only option now, there is just a lack of awareness on his part.  haha

[claya91]

Is the fact that the site has already been excavated a plus for developers, or is it a hinderance?

[dmillsphoto]

1 minute ago, claya91 said:

Is the fact that the site has already been excavated a plus for developers, or is it a hinderance?

Yes.

[UTgrad09]

9 hours ago, dmillsphoto said:

Yes.

This.

It likely depends on what the developer wants to develop. I would guess it pretty much guarantees 20+ story height...and that the lot would be developed all at once.

[FromParkAveToTN]

Fox News just had something on Lake Palmer.  Palmer's PR person said they were finalizing a deal,  but no details of the deal.  Sounds like the same thing they've been saying for years now. 

[smeagolsfree]

I saw the article as well. I will believe that something will be built there when the whatever's it is, is finished and occupied. 

 

ModEdit: Mentioned link: http://fox17.com/news/local/lake-palmer-drained-future-of-west-end-summit-unclear