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

[BnaBreaker]

10 hours ago, markhollin said:

^^ ^ Metro Council defers decision on The Livery due to opposition of many local residents:

http://www.tennessean.com/story/money/real-estate/2017/06/08/metro-planning-commission-takes-up-divisive-livery-project-germantown/381573001/

Parking, traffic, and noise concerns.   Good God...some people just aren't cut out for city living.  

[Pyramid Scheme]

1 minute ago, BnaBreaker said:

Parking, traffic, and noise concerns.   Good God...some people just aren't cut out for city living.  

Not to mention some of them are probably recent residents who are adding to all the above themselves, not that that's a bad thing, but it's bad when you turn around and oppose more additions.

[BnaBreaker]

3 minutes ago, Philip said:

Not to mention some of them are probably recent residents who are adding to all the above themselves, not that that's a bad thing, but it's bad when you turn around and oppose more additions.

Totally agreed.  I mean, obviously there is a line that shouldn't be crossed.  I would understand the uproar if there was a Scandinavian death metal nightclub going in on the corner.  But it seems that some people move into the middle of a large, rapidly growing urban area to be a part of the 'trend,' and are then, for whatever reason, shocked to discover that there is a little more noise and activity than there was out in Donelson.  It just makes no sense.  

[donNdonelson2]

FYI-Donelson is not as "delightfully dull" as it once was. 

[BnaBreaker]

1 hour ago, donNdonelson2 said:

FYI-Donelson is not as "delightfully dull" as it once was. 

Ack... honestly, I was actually thinking of Dickson. haha

[LA_TN]

12 hours ago, PruneTracy said:

Their hands are pretty much tied. The site's not that big to begin with. Anything taller than six stories would require a new elevator bank and probably retooling the entire site to reorient the front-of-house to that side. They'd also need more parking.

It's funny, when the Hampton Inn was built it stuck out in SoBro as a new, low-rise hotel in a sea of surface parking and one-story warehouses. Now it sticks out as a relatively dated, low-rise hotel in a sea of high-rise mixed-use buildings. Was only ten years ago when it opened. But hey, they totally called the MCC, before its location was even a done deal.

I don't think this is correct. I recall the Hampton being the first hotel after the announcement of the MCC site.

Agreed with everything else you said; they will have to pay off the existing structure before replacing with a 20-30 story one. Adding on is the probably the only feasible option

[markhollin]

The Olmstead (6 stories, 328 units) update.

Looking SE from 27th floor of The Westin:

 

[smeagolsfree]

Just do not slam other cities on the board. That is not why we are here. Just bite your fingers and move on. I would have said tongue, but this makes a little more sense.

[Pyramid Scheme]

That looks like it's in anticipation of the future north-and-across-the-river downtown development, if that ever happens.

[markhollin]

The Duke (4 stories, 251 units) update.

Looking SE from corner of Vantage Way and Great Circle Rd:

 

Looking SW from corner of Vantage Way and Cumberland Bend:

 

Looking NW from corner of Great Circle Rd. and Cumberland Bend:

 

Looking NE from curve of Great Circle Rd:

 

 

Looking NE from Great Circle Rd:

[NashvilleObserver]

Thank god! I have been hoping this apartment complex would be taken down!

http://www.nashvillepost.com/business/development/article/20864576/rutledge-hill-condo-property-sells-for-18m

Rutledge Hill condo property sells for $18M

Investor group buys Howell Park, to wait on redevelopment

AUTHORS Staff Reports

The Rutledge Hill property home to condominium building Howell Park has been sold to a local real estate investor group for approximately $18 million.

Fronting Second Avenue South in the street’s 400 block, the 1.85-acre property offers a U-shaped building opened 1986 and offering 40 condos. Of note, the building does not address its surrounding streets and sidewalks in an urban manner (being severed from the public realm by surface parking, grass and fencing).

Howell Park Partners LLC is the buyer. Members of the LLC, led by Rob Lowe, are affiliated with Edgehill Village Investors LLC. That LLC used some of the proceeds from its sale of a majority controlling interest in its Edgehill Village retail property in Edgehill, plus some local capital, to buy 38 of the 40 Howell Park condo units, Lowe said. The other two condos are now part of the new LLC.

The deal had been more than a year in the making, according to a sources who asked to go unnamed.

“This deal is complex because of the assemblage [of the units],” Lowe said. “It’s not transformative as of today but we’re excited about the long-term prospects. We’re looking 10 years or more to what type development might be possible on the site.

Via the Metro Planning Department’s Downtown Code, a building of up to 30 stories and with a mixture of uses could be constructed on the site.

Howell Park (see here courtesy of Google Maps) is bordered by Korean Veterans Boulevard on the north, Peabody Street on the south, Second Avenue on the east, and Third Avenue on the west. Haury & Smith was the developer.

Rutledge Hill sits to the immediate east and of SoBro and is considered by many as a distinct district within the fast-changing latter. Mixed-use building City Lights Nashville, for example, is now under construction in Rutledge Hill.

[smeagolsfree]

One correction is these were not apartments but 40 individual condos owned by different people. WW, had heard rumblings about this a year ago and there were property stakes at the corners several months ago and we knew something was up.

I think we will start seeing some surprising things happening over the next year as things have somewhat slowed for the time being. Some of these properties that have been for sale for a while at inflated prices will start to move as well as some announcements starting late this year or early next.

It will be interesting to see if some of the projects like One World Hotel and Demonbrean Hill get traction or not as there could be other areas, less expensive to build in get into the mix.

[PaulChinetti]

Or say, Chestnut Hill, lots of open space over here, bring it on!

[markhollin]

Tennessean's coverage of the Howell Park Condos site:

http://www.tennessean.com/story/money/real-estate/2017/06/13/40-downtown-nashville-area-condos-sold-5-58-million/392901001/

For those not clear on where this lot is, you can see on this screen shot from Smeagolsfree's excellent U.P. Nashville Development Map.  It takes up the entire block encased by KVB on the north, 2nd Ave. South on east, Peabody St. on the south, and 3rd Ave. South on west.
 

One still has to wonder when Cumulus Broadcasting compound (caddy corner to the SE) is going to sell.  Many developers have been licking their chops over that, and I would think Cumulus would LOVE to make $10-$20 million and move their stations to some more economical locale in the CDB. 

 

[MidTenn1]

/\  /\  /\ Is that where Steve McNair was killed??

 

[Pyramid Scheme]

25 minutes ago, PHofKS said:

/\  /\  /\ Is that where Steve McNair was killed??

 

Almost. It was 2 blocks to the southeast at 105 Lea Avenue.

[markhollin]

The Southern Baptist Convention has positioned itself to sell its seven-story headquarters in downtown Nashville.  The convention authorized its Executive Committee to sell the building at 901 Commerce St., if it receives an acceptable offer. 

I wonder of Southwest Ventures, who bought the adjacent 15 acre LifeWay Campus, would be interested in securing that lot which would complete a portfolio for that whole Nashville Yards neighborhood and give them even more flexibility to develop both sides of the campus along Commerce Street?

http://www.tennessean.com/story/money/2017/06/13/southern-baptists-p/393278001/

[titanhog]

^^Wish they could buy that Holiday Inn Express and knock it down.  That ugly building doesn't belong there.  

[Nathan_in_DC]

That has to be the single most overpriced Holiday Inn in the United States, too.

[Nathan_in_DC]

What's the estimated opening for the Division Street Connector?

[jmtunafish]

2 hours ago, titanhog said:

^^Wish they could buy that Holiday Inn Express and knock it down.  That ugly building doesn't belong there.  

 

1 hour ago, Nathan_in_DC said:

That has to be the single most overpriced Holiday Inn in the United States, too.

I remember when that used to be a Sheraton.  How times have changed.

[smeagolsfree]

I think I heard August.

[markhollin]

BWSC (8 stories, 125,000 sq. ft. of office space) update. Tan bricks now going up.

Looking NW from 3rd Ave. South north of Elm Street:

 

Looking SW from corner of Lea Ave and 3rd Ave. South:

[PillowTalk4]

 

The Tennessean reported that Southwest Value Partners has launched a website giving a sneak peek at the 15 acre former Lifeway Campus site.  The website is NashvilleYards.com.   This is the link to the Tennessean article:  http://www.tennessean.com/story/money/real-estate/2017/06/15/sneak-peek-nashville-yards-project-unveiled-former-lifeway-campus/401548001/

Hyatt Hotel rendering

View of Nashville Yards from Broadway

View of Nashville Yards from Church Street viaduct

 

[markhollin]

Avison Young hired to sell the property known as Circle South that borders on Music City Circle with 8th Ave. South to the west and Lafayette Street to the east.

http://www.nashvillepost.com/business/development/article/20865025/real-estate-notes-avison-young-hired-to-sell-sobro-property