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


smeagolsfree

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3 minutes ago, NashvilleObserver said:

If a restaurant, convenience store, or other retail tries to function normally while being smack-dab in the middle of Broadway, they are going to have a hard time doing so. The hostesses at Merchants for example (which is not a bar, but a restaurant) are very used to drunk tourists stumbling in, demanding a table, and then belligerently complaining about the wait. Not to mention the amount of people who push in and try to crowd the bar.  In order not to be affected by the goings-on of Broadway, whatever businesses occupy the area must fit in somehow, or try to keep those people out.

I can only imagine that 5th and Broad's retail thoroughfare will be inundated with spillover from the bars and honky-tonks. I hope this won't be the case, but the area really needs to have a way to promote the fact it's not a continuation of the "party zone."

This actually may be the reason we haven't seen any high-end retail announced for 5+B (yet).  Not saying we don't have a lot of tourists who wouldn't love to shop some high-end stores...but have to think this development may be too close to the tourist zone to feel comfy bringing in elite retail.  Will be interesting to see.  Seems Nashville Yards may be better suited for "higher-end" retail.

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7 hours ago, titanhog said:

This actually may be the reason we haven't seen any high-end retail announced for 5+B (yet).  Not saying we don't have a lot of tourists who wouldn't love to shop some high-end stores...but have to think this development may be too close to the tourist zone to feel comfy bringing in elite retail.  Will be interesting to see.  Seems Nashville Yards may be better suited for "higher-end" retail.

I don't think that's the reason, per se. It's not the fact that it's drunk partiers. It's probably that the overall demographic visiting The District doesn't seem like it would support high end retail.

 

I was in Vegas over the weekend. You can literally take your booze almost anywhere and no one bats an eye. There are also tons of high end retailers that aren't even in our market on every other block of The Strip. 

I think, as much as anything, it's about creating a critical mass of retail. What's going into 5+B is about the equivalent of what you would see in a single Vegas casino development. I don't see people going out of their way to shop somewhere with so few options (relatively speaking). I think high end downtown retail is something that will have to be built up slowly over time, or have some large anchor that really lures a lot of high end shoppers. And I don't think 5+B is going to be that.


Not that this is going to happen, but I could see it being much more realistic for high end retail to jump into storefronts away from Lower Broad, such as around 4th and 5th Aves between Church and Union, where there are a lot more high end residential units and boutique hotels.  I could also see someone propose a large retail center in the Gulch (like the Tennessean site) where it would make sense to place some high end retail. Lower Broad is more fit for a Super Walmart and and Old Navy.

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19 hours ago, smeagolsfree said:

I have seen in some locations that Walgreens sometimes has multiple locations within blocks of each other. I guess it all comes down to marketing. In the larger cities sometimes within blocks.

True, but is that something we should aspire to?  Especially when there are still so many other service and retail gaps downtown?

19 hours ago, Nash_12South said:

It's not so convenient for those of us south of Broadway. Not much fun when it's 25 degrees or 95 degrees either.

Which is why it makes more sense to put one somewhere in SoBro, not on Broad.

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1 hour ago, Nashville Cliff said:

True, but is that something we should aspire to?  Especially when there are still so many other service and retail gaps downtown?

Which is why it makes more sense to put one somewhere in SoBro, not on Broad.

I don't disagree, but the options are limited, currently, south of Broad. It's mostly new buildings, mostly hotels, none of which want a Walgreens. I understand the arguments against, but I don't see what FedEx or Cotton Eyed Joe's actually  contribute to the area. I think Walgreen's would be more welcomed than one more multilevel bar that is only slightly different from 20 others already there. I think that folks that live and work downtown should have some say in what goes in.  

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51 minutes ago, Nash_12South said:

I think that folks that live and work downtown should have some say in what goes in.  

Under what rationale should you have any say in what goes at this location? Not being snarky but seriously? The market already has a say at what will go at the location.

Of course in the long run folks that live and work downtown do have a say...they can decide to not support a business. However, visitors to our fair city also deserve a say and they may choose to party down and make the bar a big success.

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1 hour ago, Vrtigo said:

Well, it's ugly, but a concrete foundation does not have to be straight in order to be structurally sound. I'm sure it'll be covered up in short order and we'll have a Meetup there to celebrate (to @Mr_Bond's chagrin). ;)

If the coffee is excellent, I'm there.  I'll do almost anything for a single origin coffee.

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47 minutes ago, nashville_bound said:

Under what rationale should you have any say in what goes at this location? Not being snarky but seriously? The market already has a say at what will go at the location.

Of course in the long run folks that live and work downtown do have a say...they can decide to not support a business. However, visitors to our fair city also deserve a say and they may choose to party down and make the bar a big success.

It's just my opinion, my wishful thinking. Is the retail coming to 5th & Broad all misplaced because it won't be bars? I'm just offering my 2 cents, which I'm the first to admit, is all it's worth.

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15 hours ago, titanhog said:

This actually may be the reason we haven't seen any high-end retail announced for 5+B (yet).

Watch out - we are getting a flasghip something store, which you can tell is super important to me since I already forgot the name. However, it will probably fill a need for bachelorette parties once the attendees have spilled their drinks all over themselves.

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31 minutes ago, memphian said:

Watch out - we are getting a flasghip something store, which you can tell is super important to me since I already forgot the name. However, it will probably fill a need for bachelorette parties once the attendees have spilled their drinks all over themselves.

I think it's an H&M, which sells quality clothing but is relatively affordable.  So really, in a way it could fit in just fine on lower broad as a supplier for quick wardrobe replacements for bachelorette party attendees that puked all over the dress they had on the night before.   

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TheMayor's office today confirmed plans to buy the Morris Memorial Building (which is listed on the National Register of Historic Places) from the National Baptist Convention for $12.7 million.  It is still not clear how this might be part of the land swap with Tony Giarratana, who wishes to purchase the Church Street Park a few blocks away, and make his parking lot next to the Morris Building available to convert into a new park as part of the deal.

 

"The Morris Memorial Building is a significant downtown landmark and a site that represents an important piece of our city’s African-American history," Thomas Mulgrew, the mayor's spokesman, said in a statement. "The National Baptist Convention approached us about entering into a partnership to purchase the building. We believed that the property was too special to Nashville to leave its fate to the private market to decide."

He continued: "We will soon announce details about a committee the mayor has formed to help decide the future use of the building. The committee includes stakeholders from advocacy, business and housing-related organizations, as well as the mayor’s office and the National Baptist Convention. While the final use of the property is still to be determined, preservation is and will be the group’s No. 1 priority."

Metro would use a portion of $25 million worth of approved bond money that's earmarked for affordable housing projects to pay for the property, according to Mulgrew.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2019/02/20/exclusivemetro-to-buy-historic-downtown-building.html?iana=hpmvp_nsh_news_headline

 

Screen Shot 2019-02-20 at 2.52.20 PM.png

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^^ This is exactly why I and others rail against government double-speak.

1) They overpaid for this building.
2) They did it for political cover.
3) The money they are spending on 'preservation' will be excessive 
4) They are using the funds they took under the auspices of increasing affordable housing  for -

"While the final use of the property is still to be determined, preservation is and will be the group’s No. 1 priority."

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