Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge

[smeagolsfree]

11 hours ago, markhollin said:

^ ^ ^ Unfortunately, no.  That cement-mixing plant is remaining.  Eventually, they may end up fielding an offer they can't refuse.  

I think that is a good prediction.

[markhollin]

Price development (4 and 5 stories, 244 units) updates.

Looking west along Monroe Street from intersection with 3rd Ave. North:

 

Looking NW along 3rd Ave. North from intersection with Monroe Street:

 

Looking NE from 312 Pizza at corner of 4th Ave. North and Monroe Street:

[markhollin]

From today's Nashville Post:

The Metro Development and Housing Agency deferred voting Tuesday morning to approve a rowhome project eyed for Buena Vista in North Nashville.

To be called 10th and Scovel, the 39-unit project would sit at the northwest corner of the intersection of the streets from which it derives its name. The homes would range in size from 1,200 to 2,900 square feet, according to a documents submitted to MDHA.

Nashville-based rootARCH is designing the rowhomes, with Civil Site Design Group handling engineering and land planning efforts.

The property sits within MDHA’s Phillips Jackson Redevelopment District and, as such, design of the buildings requires committee approval.

Here is a rendering of the project as it was proposed (which will have to be updated), as well as a map showing the location, just two blocks north of Jefferson on an empty lot, right in the center of the image.
 

[markhollin]

Nashville City Center (First Tennessee Tower) plans new plaza that will include a live music stage, recording studio, lunch kiosk, etc.

http://www.tennessean.com/story/money/real-estate/2017/01/03/nashville-city-center-plans-add-music-studio-food-kiosk/96109652/

From today's Nashville Post:

The MDHA committee deferred voting on an alteration to the outdoor plaza at downtown-based high-rise Nashville City Center.

D2CA Architects LLC, which is based in King of Prussia, Pennsylvania, has designed the updates, to be undertaken at the southeast corner of the intersection of Union Street and Sixth Avenue North. Owned by Miami-based Parmenter Realty Partners, the 26-story tower has an address of 511 Union St.

The project would include a “lunch kiosk” and a “jamnasium” (for live music), according to documents submitted to MDHA. 

The building sits within MDHA’s Capitol Mall Redevelopment District.

[MLBrumby]

Thank you!  Reading that article, I was wondering where Scovel is... so the map helps.  Should add to the viability of that side of 8th Avenue/RPB.  See lots of potential for that area, given the continuing success of Gtown and Stown, HBV is set up to benefit from all that.  On a related note, I happened to go to that library branch several years ago, and it is a beautiful building. I love those old Carnegie buildings. 

[smeagolsfree]

Already benefiting. Lots of new construction on that side of Rosa Parks.

[Bezoar]

2 hours ago, MLBrumby said:

Thank you!  Reading that article, I was wondering where Scovel is... so the map helps.  Should add to the viability of that side of 8th Avenue/RPB.  See lots of potential for that area, given the continuing success of Gtown and Stown, HBV is set up to benefit from all that.  On a related note, I happened to go to that library branch several years ago, and it is a beautiful building. I love those old Carnegie buildings. 

Fun fact:  It's the oldest library in Nashville.

Edited January 4, 2017 by Bezoar

[bmkTN]

14 hours ago, smeagolsfree said:

Already benefiting. Lots of new construction on that side of Rosa Parks.

Oh yeah, my wife and I are looking at homes in this area all the way up into BVH closer to the Rosa Parks/Clarksville Pk intersection.  TONS of new homes going up on almost every street you drive down and more starting all the time.

Edited January 4, 2017 by bmkTN

[markhollin]

It appears that Spectrum is backing off on the Stockyards Residential project for the time being.  'Tis a shame---was one of my favorites in that area.  Story is currently behind the paywall at NBJ.

http://www.bizjournals.com/nashville/news/2017/01/04/developers-back-off-apartment-project-by-nashville.html

From today's Nashville Post:

Spectrum Properties Inc. has put on indefinite hold its plans to develop a large-scale apartment building in North Capitol, Nashville Business Journal reports.

The Charlotte-based company was hoping to undertake a 310-unit building on the site of the building once home to the Stock-Yard Restaurant and near First Tennessee Park. The project would have incorporated the Stock-Yard structure.

But with Nashville seeing what many feel is an excess number of apartment units either having recently come on line or in buildings currently under construction, Spectrum is now considering various options for the site, including selling, NBJ reports, citing multiple unnamed real estate sources.

Spectrum has enlisted the Nashville office of CBRE Inc. to assess the options, according to the business publication.

More than 8,000 apartment units were projected to come on line and within buildings located in Greater Nashville in both 2016 and 2017, NBJ reports. The average number of units that opened each year from 2010 to 2015 was about 500, NBJ reports, citing industry data.

[CenterHill]

That's too bad, although not surprising.   There is a ton of similar product coming on the market in this part of town.    The article says Spectrum is "exploring options" and that the property could go back on the market.   I would hate for it to end up in the hands of someone like Salah Ayesh who would demolish the historic building for a parking lot.  

Unfortunately, it signals further delay for infill around First TN Park.    

[nashvylle]

Does the article mention anything about 5th and Broadway?

[smeagolsfree]

This is just the first of many that will be scraped or delayed this year. Time to pay the piper. Its been a good 4 to 5 year run for apartment construction, but it has to end sometime. It may take 1.5 to 2 years to unclutter, maybe a little more. Real estate prices should start to drop in high profile lots as well. That is just a educated guess as we don't have all the differing competition vying for high profile real estate.

3 minutes ago, nashvylle said:

Does the article mention anything about 5th and Broadway?

No. Differing groups of Spectrum.

[Canuck87]

Foundations have been laid for the Buena Vista Towns at 11th Ave N and Scovel Street. The rooftop patios should provide a nice view of the skyline.

 

Edited January 4, 2017 by Canuck87

[bmkTN]

Man I hate that about Stock Yard.  Not surprising though.  Seems like we may have to wait for 3-5 more years to see that area around the ballpark get filled in, but with Germantown being absolutely on fire right now, we can hope that it'll happen a little sooner.

[markhollin]

A couple more renderings for the Buena Vista Towns at 1112 11th Ave. North that Canuck87 spotted.  There are 6 units altogether, 2,000+ sq. ft. each, with 2 car garages, and rooftop decks.  Starting at $500,000 each.

http://www.nashvillepost.com/business/development/article/20848256/spring-finish-targeted-for-buena-vista-townhome-project

[Canuck87]

615 Third, an 8-Story Class A office development in SoBro, is coming along nicely. Not the most inspired design, but better than nothing I suppose.

 

[volsfanwill]

1 hour ago, Canuck87 said:

 

I see that hipsters come pre installed.

 

[MLBrumby]

Yes... aka the BWSC (Barge Waggoner Sumner Cannon) Building. 

[memphian]

I actually like the stair step detail on the side. Of course I'd like it more if it were 40 stories but I'm not paying for it so I'll just enjoy looking at the parts I like for free!

[bhibbs]

sorry if already posted

[PaulChinetti]

13 hours ago, memphian said:

I actually like the stair step detail on the side. Of course I'd like it more if it were 40 stories but I'm not paying for it so I'll just enjoy looking at the parts I like for free!

I like that too and it looks like there is a maybe a porch/balcony all the way around? Or is that the top of the parking garage?

[bhibbs]

Edited January 5, 2017 by bhibbs

[markhollin]

The revisions of the Fifth Third Bank Plaza along Church Street are finally complete:

[Canuck87]

"$20M expansion aims to help Nashville beat other cities for more conventions"

Several new additions are in store for the Music City Center, including a 4,350-square-foot market offering food and other necessities. Other changes include enclosing an outdoor terrace along Korean Veterans, allowing the adjacent ballroom to be expanded. Officials hope that these improvements will give Nashville a competitive edge over other cities in attracting conventions.

NBJ Article: http://www.bizjournals.com/nashville/news/2017/01/05/20m-expansion-aims-to-help-nashville-beat-other.html

 

Edited January 5, 2017 by Canuck87

[MLBrumby]

Houzz is bringing 250 jobs to a new office in the UBS tower.  http://www.tennessean.com/story/money/real-estate/2017/01/05/houzz-picks-ubs-tower-250-employee-nashville-office/96204254/

The Palo Alto, Calif.-based home remodeling and design website plans a second quarter move into the space on the 24th and 25th floors.

With Houzz's 10-year lease agreement, Nashville's second largest office building at 315 Deaderick St. is now 85 percent leased.