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

[markhollin]

Macy's has sold its RiverGate Mall store and parking lot (11.8 acres, 200,000 sq. ft. building) for $4 million to MRH Rivergate LLC, a Chattanooga-based real estate company. No word on their plans.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/08/11/macys-sells-rivergate-mall-property-developer.html?iana=hpmvp_nsh_news_headline

 

[markhollin]

First Baptist Church expansion (3 stories) update.  Exterior looks 95% complete.

Looking NE from McGavock St., 1/2 block east of 7th Ave. South:

Looking NW from 6th AVe. South, 1/2 block north of Demonbreun:

Looking SW from intersection of Broadway and 6th Ave. South:

[TheRaglander]

^^^ I bet it has a rooftop bar

[PaulChinetti]

37 minutes ago, TheRaglander said:

^^^ I bet it has a rooftop bar

They should have at least made a green roof park or something, that would have been pretty awesome and nice for their congregation.

[markhollin]

Channel 4 piece on Broadstone Stockyards:

https://www.wsmv.com/video/inside-newly-completed-germantown-project/video_78238084-efd4-5e11-86af-961a92e72626.html?fbclid=IwAR3aW-oEb27qvJiFYQe5Ilu0GedfDSHDjsWgY2_NV8gBJGc8jaoRBNC2Hm0

[markhollin]

Ridgehouse Capital is planning a 5 story, 220 unit apartment complex that will include structured parking on 3.2 acres at 100 Athens Way in MetroCenter. The land purchase for an undisclosed price will be concluded by first quarter of 2021.  A 24 month construction timetable is expected. VE Design Group will be the architect. No renderings available yet. 

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/08/14/ridgehouse-capital-st-louis-metrocenter-apartments.html?iana=hpmvp_nsh_news_headline

And at the Nashville Post here:

https://www.nashvillepost.com/business/development/apartments/article/21142850/businessman-to-sell-metrocenter-site-to-developer

This screen shot from Smeagolsfree's excellent development map shows the site highlighted in teal at the center of the frame:

[markhollin]

SmileDirectClub has given up "several flors" on its HQ space in Philips Plaza, citing that more work from home since the pandemic started has shown that don't need as much space.  

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/08/14/deal-dash-nashville-cre-activity-roundup.html?iana=hpmvp_nsh_news_headline

[titanhog]

1 hour ago, markhollin said:

SmileDirectClub has given up "several flors" on its HQ space in Philips Plaza, citing that more work from home since the pandemic started has shown that don't need as much space.  

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/08/14/deal-dash-nashville-cre-activity-roundup.html?iana=hpmvp_nsh_news_headline

Really going to be interesting where this leads with other corporations.  I have a feeling some will try to downsize space because of "work from home"...but I do wonder what the longterm will look like and if "work from home" will provide good numbers for these companies.

[LA_TN]

12 hours ago, titanhog said:

Really going to be interesting where this leads with other corporations.  I have a feeling some will try to downsize space because of "work from home"...but I do wonder what the longterm will look like and if "work from home" will provide good numbers for these companies.

Everything I'm hearing and seeing is that employees, working from home, are working longer hours and productivity is up. In the neighborhood of 15%. I would say that is true for me, also

[titanhog]

9 minutes ago, LA_TN said:

Everything I'm hearing and seeing is that employees, working from home, are working longer hours and productivity is up. In the neighborhood of 15%. I would say that is true for me, also

I work from home and get distracted a lot...but then again...I may end up working more hours because I can work anytime I want.  Like right now...it's almost 1am and I'm in the middle of working on a project and will probably work until 5am on it.  So I do love the flexibility.

[markhollin]

Sonder Hotel (6 stories, 45 rooms) update. Prepping east wall, where new window openings are complete.

Looking north from intersection of Church St. and 9th Ave. North:

Looking NW from intersection of Church St. and Rosa L. Parks Blvd:

[nashvylle]

9 hours ago, LA_TN said:

Everything I'm hearing and seeing is that employees, working from home, are working longer hours and productivity is up. In the neighborhood of 15%. I would say that is true for me, also

It differs from person to person. People will kids will more often not be as productive, and sometimes people need to have time away from their spouses, as sad as that sounds. 

[markhollin]

North Lights, Phase I (197 various type residential units) update.  Land full cleared.

Looking south from Old Matthews Rd., 1/2 block north of West Trinity Lane:

Looking west from Old Matthews Rd., 1/2 block north of West Trinity Lane:




Looking north from Old Matthews Rd., 1/2 block north of West Trinity Lane:

[LA_TN]

3 hours ago, nashvylle said:

It differs from person to person. People will kids will more often not be as productive, and sometimes people need to have time away from their spouses, as sad as that sounds. 

Yep, yep, yes, agree. I have a dedicated work space at home; some folks do not and were not prepared to work from home because they either never did or just temporarily. The big issue I have seen is those who enjoy having 318 people to talk to every day (isolation has been mentally challenging). The amount of time I lose due to kids is offset by not driving and the flexibility that @titanhogrefers to in that I can catch up on stuff at night if needed 

[markhollin]

N.E.S. Substation (2 stories) update: Up to 2nd level.

Looking south from intersection of 11th Ave. North and Hynes St:
 

Looking NW from 11th AVe. North, 1/2 block north of Church Street Viaduct:

Looking north from Church Street Viaduct, 1/2 block west of 11th Ave. North:

[markhollin]

Buffalo Trail Apartments (multiple 3 story buildings, 260 units) update.  Some structures topped out.

Looking east from intersection of Dickerson Rd. and Tuckahoe Dr:

Looking SE at office from intersection of Dickerson Rd. and Tuckahoe Dr:

[markhollin]

John Sevier State Office Building (rehab) update:  All scaffolding down, exterior complete.

Looking NE from intersection of Dr. Martin Luther King, Jr. Blvd. (Charlotte Ave.) and 6th Ave. North:

Looking SW from 5th Ave. North, 1/2 block north of Dr. Martin Luther King Blvd:

[markhollin]

The Blue Parrot (3 story, 11,000 sq. ft.  bar) at 300 4th Ave. South will recommence construction (foundation has been laid for at least 6 months) via a $2.05 million permit. Kerry G. Campbell in the general contractor.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/construction/article/21142863/permit-patrol-17-august-2020

[Jarno]

On 8/15/2020 at 12:46 AM, titanhog said:

I work from home and get distracted a lot...but then again...I may end up working more hours because I can work anytime I want.  Like right now...it's almost 1am and I'm in the middle of working on a project and will probably work until 5am on it.  So I do love the flexibility.

I work (worked) downtown too and we are all working from home till at least next year.  Productivity is also way up.  Nice not have 1.5 to 2 hours of commute a day erased.

[TheRaglander]

1 hour ago, Jarno said:

I work (worked) downtown too and we are all working from home till at least next year.  Productivity is also way up.  Nice not have 1.5 to 2 hours of commute a day erased.

I REALLY miss working downtown.  The drive totally sucked, but I enjoyed walking around, people-watching and having lunches down there.  It will be a bit before any of that returns. 

[markhollin]

Savi Provisions, a family-owned gourmet market based out of Atlanta, will open next month in the former H.G. Hill Urban Market location in the Viridian Condo Tower at 415 Main St.

The location will offer farm-to-table grocery shopping, coffee, take-out options and more.

Savi will serve chef-driven, prepared foods such as sandwiches, breakfast options, wraps and salads. There will also be a walk-up coffee bar and a speciality juice bar.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/08/17/atlanta-based-gourmet-market-set-for-downtown-nash.html?iana=hpmvp_nsh_news_headline
 

[donNdonelson2]

When did HG Hill’s Urban Market close?

[Bos2Nash]

I've been going into the office in downtown two days a week now for a little over a month and it is such a nice refresh from being at home. My industry is so collaborative that at times it has been a struggle to get everyone on the same page. At the same rate, things have been somewhat more productive (when the work is flowing) due to lack of chit chat. The office atmosphere has been a huge thing I miss. There is only so much a conversation via messenger apps can carry.

That all being said when the whole pandemic concludes, some people are gonna be really impressed or confused by how much some of these developments are changing in downtown.

[smeagolsfree]

3 hours ago, donNdonelson2 said:

When did HG Hill’s Urban Market close?

They changed hands in May.

[e-dub]

The one at the base of the Viridian?