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

[FromParkAveToTN]

Pedestrian bridge over I 40 getting facelift.

 

https://www.nashvillepost.com/blogs/postbusiness/2014/12/4/tdot_targets_february_for_ped_crosswalk_project_completion

 

Cafe headed to Cash Museum.

 

https://www.nashvillepost.com/blogs/postbusiness/2014/12/4/tdot_targets_february_for_ped_crosswalk_project_completion

Do you know if they plan to add some nice lighting features to the Pedestrian bridge over I 40? It's pretty transparent at night.

[smeagolsfree]

Do you know if they plan to add some nice lighting features to the Pedestrian bridge over I 40? It's pretty transparent at night.

I am unsure, but knowing TDOT, I would say no because the state does most everything cheaply. Maybe we will get surprised.

[rookzie]

I'll be honest, I haven't been that way in about a month, is it empty now? last time I was there it still looked occupied. 

 

Demo permit for the Old Cokesbury building issued, inching us closer to the Westin beginning.  

 

Confirmed! On my drive in this morning, I noticed the word "DEMO" sprayed in bright orange on at least one of the structures.

 

I have faith, and so I won't second-guess it any longer, that the Westin is being "inched" into becoming underway on that site of the United Methodist Publishing House, but every morning just before daybreak I pass by on the bus and I too can see lighted offices filled with some undisturbed-appearing equipment ─ not the entire building, but some 3 or 4 rooms can be seen from outside.in the dark. (referring to the one structure on the SW corner of Eighth and Demonbreun)

 

-==-

Edited December 15, 2014 by rookzie

[smeagolsfree]

Tony mentioned this at the meet. NOVO groups bid on First Baptist site has fallen through.

 

http://www.tennessean.com/story/money/real-estate/2014/12/15/ariz-developer-deal-falls-hotel-site-near-music-city-center/20439633/

[BnaBreaker]

Good grief, what is it about that site??

[FrankNash]

It's a church so they don't have to pay property tax. Why would they be in hurry?

Edited December 15, 2014 by FrankNash

[smeagolsfree]

They want to move forward with the revamp of their campus. The longer this is delayed, the longer their plan is delayed.

I also think the price the are wanting is unreasonabe.

[NashRugger]

Sounds like FBC is trying to be greedy on land price. They'll screw themselves if they don't make it a more realistic asking value.

[nvestnbna]

It's a church so they don't have to pay property tax. Why would they be in hurry?

I wonder if they have to pay tax on the "commercial" use income off that site, or the gain?

[bwithers1]

I wonder if they have to pay tax on the "commercial" use income off that site, or the gain?

Non-profit organizations that ulitize their space for anything other than their exempt purpose may pay property pro-rated property taxes based on the percentage of their property that is used for commercial purposes, including parking lots. 

[MLBrumby]

Tony mentioned this at the meet. NOVO groups bid on First Baptist site has fallen through.

 

http://www.tennessean.com/story/money/real-estate/2014/12/15/ariz-developer-deal-falls-hotel-site-near-music-city-center/20439633/

 

I had read an article shortly after that offer was announced in one of the local pubs, and it made the point that $18M was way overpriced for 1.26 acres. That would have been hard to justify.  I have read anywhere from $9.5 to $12 is more realistic, and even that is a handsome price/sq.ft.... And it seems that Fred Kane from Cassidy Turley would agree.  Of course, there are the two other (alleged) offers for around $15M.  Guess that's why I am not in real estate. Worth = Whatever someone will pay 

[MidTenn1]

Work going on at the so called 'Sliver' lot. Caution tape is is up and heavy equipment being used to remove grass and bushes around the lot.

 

Edited December 15, 2014 by PHofKS

[MLBrumby]

Wow!  I really am way behind on all the proposals in BNA.  I don't even recall what's been proposed for that site.  I don't recall it being a very large lot. 

[nvestnbna]

Non-profit organizations that ulitize their space for anything other than their exempt purpose may pay property pro-rated property taxes based on the percentage of their property that is used for commercial purposes, including parking lots. 

I heard their parking lot generated over $1m in gross income prior to the city building its massive parking lot, I mean convention center - they are having conventions there aren't they?

[MidTenn1]

Also excavation has started on the 1000 Division Apartments on Division Street.

 

 

[FromParkAveToTN]

Any updates on the Thompson Hotel? This will be one of my favorite projects.

[MidTenn1]

And one more of Gulch Crossings...

 

[bwithers1]

I heard their parking lot generated over $1m in gross income prior to the city building its massive parking lot, I mean convention center - they are having conventions there aren't they?

The MCC certainly added a large number of parking spaces downtown.  Thank goodness they are underground!

[smeagolsfree]

I heard a rumor several months ago, maybe even a year ago, about a project at the sliver site. I even heard a floor count too. I am not going to say anything until I know.

The Thompson is supposed to start next month from what I have heard.

[MLBrumby]

Aw Ron!  I would think  a year is statute for keeping a secret. LOL... If a rumor can't get some legs in a year, is it really serious? 

[Vrtigo]

The Sliver will be the hippest, most Gulch-worthy Walgreen's the world has ever seen. Downtown had their chance. Mark my words.

 

[titanhog]

I'm telling ya...this would look great on the Sliver lot. 

 

[donNdonelson2]

The "sliver" lot, otherwise known as the old Madame XXX corner! Imagine the ghosts that would haunt a newly constructed structure on that lot!

[Mr_Bond]

To me, it looked like they were clearing out bushes on 'The Sliver' today.  The 'caution' tape would have been to keep people from trying to park there.  There was no drilling equipment.  Could it be that they're going to add more parking spaces?  Or is this prep work for taking core samples?  Maybe you pros could give us some insights.

[Mr_Bond]

The one-story building at the southeast corner of Overton and Gleaves was torn down today.  Anybody know what's going on there?