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

[wmaddbb2018]

 

44 minutes ago, Paramount747 said:

The 4th and Union Building was built in 1968 and was the original home to Metropolitan Federal. It was under contract for two years and there was a delay dealing with payments. In any case, it will be the Fairlane Hotel and they have already started working on it. They are adding a crown on top. The rendering is on this site somewhere.

http://www.tennessean.com/story/money/real-estate/2015/10/05/fairlane-hotel-planned-former-downtown-nashville-bank/73381734/

21C Museum hotel has been under innovations for at least 6 months. The interior demolition is finished, now the real work begins looking for structural problems etc.

Is 21C the one where they are adding the back glass façade that will rise on the end facing Printers alley?

[Paramount747]

21 minutes ago, wreynol4 said:

 

Is 21C the one where they are adding the back glass façade that will rise on the end facing Printers alley?

No, that is the Noel Hotel you are thinking off where they will add 12 stories. The 21C is 222 Second Avenue north spanning 2nd and 3rd only a few doors down from Washington Square.

[FrankNash]

Walking around downtown this weekend I was reminded how much money is pouring into the entertainment district. Two streets, Lower Broadway and 2nd ave. have close to 1 billion dollars in new and rehab investment coming. 2 office buildings, 6 honky tonks, 3 boutique hotels, 2 apartment towers, tons of retail, and a museum. 

Edited February 3, 2016 by FrankNash

[CenterHill]

2 hours ago, Paramount747 said:

The 4th and Union Building was built in 1968 and was the original home to Metropolitan Federal. It was under contract for two years and there was a delay dealing with payments. In any case, it will be the Fairlane Hotel and they have already started working on it. 

 

Has this started?     I walk by there all the time, including just yesterday and have seen no signs of activity.   

[farm_boy]

On 2/2/2016 at 5:15 PM, MLBrumby said:

This is the thing you'll be getting at 8th and Demonbreun. Cheap exterior.. cheap single sheet glass windows... two/three different exterior materials as a substitute for architectural ornamentation.

 

So they are not gonna build this???

 

bummer

 

[dmillsphoto]

Ugh... you had to remind us of that beauty of a rendering...

[MLBrumby]

Wow!  If ever there were a site suited for such a tower... but alas!

[titanhog]

Just have to hope that with the slow-down coming, this developer will cut their losses and sell the property to someone else in a few years.

[nashvillwill]

20 hours ago, Paramount747 said:

No, that is the Noel Hotel you are thinking off where they will add 12 stories. The 21C is 222 Second Avenue north spanning 2nd and 3rd only a few doors down from Washington Square.

Where the heck is Washington Square? Never heard of it.

[donNdonelson2]

2nd Ave near court square park--Washington Square (so named as former home of Washington Industries)

Edited February 4, 2016 by donNdonelson2
Addition of info

[donNdonelson2]

21c will be on the opposite side of the street

[dmillsphoto]

This is a big sale, with Deja Vu property going for $6.5M to local investor Dave Arnholt.

http://www.tennessean.com/story/money/real-estate/2016/02/08/nashville-deja-vu-strip-club-site-sold/79903640/

[rookzie]

51 minutes ago, dmillsphoto said:

This is a big sale, with Deja Vu property going for $6.5M to local investor Dave Arnholt.

http://www.tennessean.com/story/money/real-estate/2016/02/08/nashville-deja-vu-strip-club-site-sold/79903640/

Well, there goes our big chance to maintain "diversity in the show place".

-= =-

[titanhog]

2 hours ago, dmillsphoto said:

This is a big sale, with Deja Vu property going for $6.5M to local investor Dave Arnholt.

http://www.tennessean.com/story/money/real-estate/2016/02/08/nashville-deja-vu-strip-club-site-sold/79903640/

I knew they'd eventually get offered a price they couldn't refuse.  This is definitely one of the best bits of development news in a long time...not necessarily for what will be constructed...but for what will disappear.

Now...Beaman next.  

[smeagolsfree]

Maybe Beaman can make some room for strippers to sell cars for him.

Seriously, there are only a few places in Nashville you can have adult themed businesses due to zoning. A lot of the zoning excludes that type of business. 

[wmaddbb2018]

Any rumblings about the old Broadway Mazda site?  I would have thought we would at least heard some whispers by this point.

[BnaBreaker]

33 minutes ago, smeagolsfree said:

Maybe Beaman can make some room for strippers to sell cars for him.

Seriously, there are only a few places in Nashville you can have adult themed businesses due to zoning. A lot of the zoning excludes that type of business. 

A new usage for the fairgrounds site perhaps?  Red Light District?

[satalac]

8 hours ago, BnaBreaker said:

A new usage for the fairgrounds site perhaps?  Red Light District?

Oh sure, let's gentrify the hookers now. Where are the cheap tricks going to turn? Wait, there is a pit on West End... Maybe call it Palmer's P**** Pit.

[dmillsphoto]

And on the heels of the sale...

 

http://www.bizjournals.com/nashville/blog/2016/02/ray-henslers-next-luxury-condo-tower-you-might-say.html?ana=twt

[MLBrumby]

Caden builds some beautiful projects, but his have been much smaller than Hensler's, whose Adelicia is an attractive building (at least it's not a box).  Hopefully, they will join up with the best of their experience to put together one hell of a project at that location.  Since these would be condos, they'll probably not be a new tallest... but we can hope. Still would like to see someone put up a new tallest office at that site because Class A has very low vacancy in downtown and midtown.  Eakin is too cautious for something of that size. Whatever happens, it appears that it will happen sooner than later.  

[MLBrumby]

From the article...  "Your average layperson assumes all of these cranes are condos and that we're overbuilding. One of my biggest buying pools is relocations coming from L.A. or Miami, and they're asking, 'Aren't you guys overbuilding?'" Maldonado added. "The thing is, none of these cranes are condos. It's such the opposite. There's very, very little in the condo world, and nothing in the high-rise world."

[smeagolsfree]

The projections were that 1212 would be sold out by the end of last year, but they are at around 75% from what I have heard. How many folks want to buy at a price of 700 k to 1 million plus.

The market may change in 18 months when he needs to get financing. They would come on line late 2019 best case senario. I  guess we will see. 

I think the site is zoned for up to 24 stories.

[MLBrumby]

It could portend a race between this project and the Buckingham apartment tower.  Isn't there a condo component?  I believe the upper floors are condos... right? 

[smeagolsfree]

As far as I know, the Buckingham people have not said if it is going to be all apartments or condos or a mix. The Bucknham is poised to break ground first and would finish first. Guess we will have to wait and see.

[markhollin]

Local investment group, Covenant Capital, raises $260 million for more apartment deals:

http://www.tennessean.com/story/money/real-estate/2016/02/09/local-investor-raises-260-million-apartment-deals/80078918/?from=global&sessionKey=Gx2Fvx2BcsInepgJuNZiemE2jWorUEJ9NAdL-18x2dFU0FE0kSg6x2BqldtF3KgY1Qx3Dx3DnveMjx2BgdFUlMx2FfOalxxxxbzwx3Dx3D-7OiaAuMyZ0DZnpDlwH5hggx3Dx3D-BSbDHxx3VpNx2BzSS4fs9Qckgx3Dx3D&autologin=HXCV0I2sDgCLpAhCYZe9D3q1016ZNzRlsw0gckV6r1sx3D