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

[MidTenn1]

I was stating my feelings that Nashville was developing in a different direction from most boom-town, sunbelt cities. We have a vibrant urban alternative to downtown in the Midtown district that is only going to become more dense and developed. It will be our own 'Camden' with anchors such as Vanderbilt, Belmont, Music Row and Centennial Park. I don't see that in other southern peer cities.

[Bezoar]

1 hour ago, Nashville Cliff said:

So, the state announced yesterday that they have acquired a new parking lot at the corner of 10th Ave N and Jo Johnston Ave. Sort of surprised me that what should be such valuable land (with its proximity to the Capitol View project) would be gobbled up for surface parking. Maybe the state will flip it in a few years.

Is it this lot?  https://www.google.com/maps/place/10th+Ave+N+and+Jo+Johnston+Ave/@36.1655988,-86.7902066,3a,75y,32.22h,80.07t/data=!3m6!1e1!3m4!1sBMjcYVGnVTzLrF6ToOg2Vw!2e0!7i13312!8i6656!4m2!3m1!1s0x0:0x5fc109ab295a73f9!6m1!1e1

[Nashville Cliff]

1 hour ago, Bezoar said:

Is it this lot?  https://www.google.com/maps/place/10th+Ave+N+and+Jo+Johnston+Ave/@36.1655988,-86.7902066,3a,75y,32.22h,80.07t/data=!3m6!1e1!3m4!1sBMjcYVGnVTzLrF6ToOg2Vw!2e0!7i13312!8i6656!4m2!3m1!1s0x0:0x5fc109ab295a73f9!6m1!1e1

Not certain, but I think so.

[mundiejc]

Couple of updates from the northwest side of I65

 

Permits were pulled yesterday for demo of an existing building at DJ Wootson's project at 1821 Jefferson. Erosion barriers have been up for about a week.

The Dollar General at Buchanan and Jefferson is basically a gigantic metal building. The lowest quality products that DG puts out. Disappointing, but not surprising. Neighbors over here are beginning discussions of how we can get some control over design on new commercial development in the area so this doesn't happen again.

The buchanan arts district is now home to some new tenants, Holiday Nashville (upscale salon) Annie Williams (handmade leather bags) The Farmer's Florist (organic, locally sourced flowers and arrangements) Alex Lockwood's Gallery (with space for 3 other artists studio/galleries). From what I understand, Slim and Huskies Pizza build out hasn't started, but they are working on recipes and have hung a sign on their building. 

Here's a video that was released by the Make a Mark Loan program for artists live/work space about the Buchanan Arts District

 

https://www.youtube.com/watch?v=1JyL33qXcr8&feature=youtu.be

[smeagolsfree]

Not sure if this was posted. It first ran in the Tennessean, but the Post has the details along with the rendering.

http://nashvillepost.com/news/2015/12/21/january_start_eyed_for_old_hickory_lakefront_apartment_project

 

[smeagolsfree]

LC buys more land for SoBro project.

http://www.tennessean.com/story/money/real-estate/2015/12/23/sobro-multifamily-project-site-grows/77598678/

 

[nashwatcher]

3 hours ago, smeagolsfree said:

LC buys more land for SoBro project.

http://www.tennessean.com/story/money/real-estate/2015/12/23/sobro-multifamily-project-site-grows/77598678/

 

I wonder if they have enough land now to build? 1.12 acres it sounds like they've acquired in SoBro. Hopefully they'll do something with an urban feel

[UTgrad09]

3 hours ago, nashwatcher said:

I wonder if they have enough land now to build? 1.12 acres it sounds like they've acquired in SoBro. Hopefully they'll do something with an urban feel

If it's anything within the realm of what they are doing in Germantown, I'm fine with it.

[smeagolsfree]

Erosion barriers in place for LC project at 2nd & Madison.

[markhollin]

Good news regarding SE corner pie-piece bordering KVB/Music City Circle/Lafayette.  Mainland organizing 2.5 acres for larger scale development:

http://nashvillepost.com/blogs/postbusiness/2015/12/28/developer_lands_charter_for_would_be_sobro_project

Edited December 28, 2015 by markhollin

[dmillsphoto]

Glad that is in the works, that's one of the last remaining major pieces needed to get KVB activated.

[titanhog]

1 hour ago, markhollin said:

Good news regarding SE corner pie-piece bordering KVB/Music City Circle/Lafayette.  Mainland organizing 2.5 acres for larger scale development:

http://nashvillepost.com/blogs/postbusiness/2015/12/28/developer_lands_charter_for_would_be_sobro_project

That's a lot of land to do something big.  Eager to hear their plans.

[markhollin]

Investors plan something significant on site of A+ Storage Facility on Division in Gulch (next to the new Fairfield Inn and backing up to the I-40 inner loop). This story has been behind the paywall at NBJ since last week.  Anyone have any further info?

http://www.bizjournals.com/nashville/blog/2015/12/real-estate-chief-mystery-investors-snag-gulch.html

[smeagolsfree]

Avison Young I believe is the one that bought it. Not sure if anything will happen in the coming year though.

[smeagolsfree]

Multiple buildings, however they have not bought the property yet.

[titanhog]

Would be nice to get something "mixed-use" on that side of the MCC.  

[smeagolsfree]

I did get to read the article. Terwilliger and   Pappas  wanted the site. The group of investers are from the East coast and have done highrise developments. They may wait till the next growth cycle.

[titanhog]

7 hours ago, smeagolsfree said:

I did get to read the article. Terwilliger and   Pappas  wanted the site. The group of investers are from the East coast and have done highrise developments. They may wait till the next growth cycle.

So...they're thinking this growth cycle is about over?

[MLBrumby]

I don't want to be the Gloomy Gus (I really am usually a "bull"), but there are a lot of indicators that the economy is headed for a recession... and there truly is a global one right now.  The commodities industries have tanked.  Any developer that has not stored away his proverbial "seed corn" will have a hard time putting up anything if things continue in this way. 

Perhaps a topic for the Coffee House is whether or not Nashville could sustain its "it city" status through a recession.

[samsonh]

25 minutes ago, MLBrumby said:

I don't want to be the Gloomy Gus (I really am usually a "bull"), but there are a lot of indicators that the economy is headed for a recession... and there truly is a global one right now.  The commodities industries have tanked.  Any developer that has not stored away his proverbial "seed corn" will have a hard time putting up anything if things continue in this way. 

Perhaps a topic for the Coffee House is whether or not Nashville could sustain its "it city" status through a recession.

There are actually very few indicators that would say a recession is coming. Job growth is fantastic. Federal Reserve is raising interest rates for the first time in 9 years because the economy is picking up steam. Commodities are slowing because of China and oversupply and the underlying strength of the dollar, not lack of demand. And there is not a global recession right now. China is growing at...gasp...5%. Its not the 10% people are used to but it is still a healthy clip.

 

We are due for a recession sometime soon, as we have had a 7 year expansion, which is very long. And it may very well come next year, but right now the data does not point to that.

Edited December 29, 2015 by samsonh

[MLBrumby]

I am referring to next year. Someone mentioned the growth cycle and my broker recently advised cashing out in many positions.  We shall see. Hope I'm wrong... as my ego is not nearly as fragile as my investments. I hate losing money.  LOL

[markhollin]

Moxy Hotel (former Richards and Richards Building fronting both Broadway and Third Avenue South), approved for $2 million permit to add 2 floors (total of 6) for 161-room boutique hotel, and design 4 restaurants into the structure.
http://nashvillepost.com/blogs/postbusiness/2015/12/29/sobro_boutique_hotel_project_lands_2m_permit

[samsonh]

30 minutes ago, MLBrumby said:

I am referring to next year. Someone mentioned the growth cycle and my broker recently advised cashing out in many positions.  We shall see. Hope I'm wrong... as my ego is not nearly as fragile as my investments. I hate losing money.  LOL

The stock market is not the economy. That's important to remember. Also, attempting the time the market is a fool's game. You have to be right not once, but twice. And that is nearly impossible to do. Best of luck though, I hate losing money as well!

[MLBrumby]

I understand... I have an MBA. Stating my opinion.  Feel free to take up in the CH.

[markhollin]

More info on the new addition to Riverfront Park on the southwest side of the Cumberland River adjacent to Rolling Mill Hill. Am excited about this.  Our river parks are really shaping up nicely…a true asset to the community.

http://www.tennessean.com/story/money/real-estate/2015/12/29/group-plans-public-park-near-downtown-nashville/78022858/

Edited December 30, 2015 by markhollin