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

[markhollin]

111 Broadway (4 stories, 50,300 sq. ft.), which is home to Rock Bottom Brewery and the Glen Campbell Museum, has been listed for sale at $37 million.  In 1994 it was purchased for $50,000., and then again in 2002 for $2.75 million.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/commercial-real-estate/article/21143740/lower-broad-brewery-building-offered-for-37m

 

[PaulChinetti]

That return on investment though! Holy crap!!!

[markhollin]

Blue Parrot (3 story bar) update: Up to 2nd level of back wall.

Looking SE from intersection of 4th Ave. South and Molloy St:

 

[markhollin]

The townhome project of unknown height/units by a partnership of Landmark Realty and Tri-Mark Builders at 1228 4th Ave. North and 1227 3rd Ave. North will soon be underway now that the latter property has been finally purchased for $2.7 million. A low level sheet metal industrial building will need to be razed for the project. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21143818/north-nashville-properties-sell-in-separate-deals
 

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

[markhollin]

CrossBridge (4 stories, mixed-use) update: Stairwell and elevator shafts rising.

Looking SW from Lindsley Ave., 1/2 block east of University Ct:

 

[markhollin]

First Baptist Church addition (3 stories) update. Note the  new traffic light poles for the intersection that will aid in entrance/egress from 5th & Broadway complex garage.

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

[markhollin]

NBJ's annual ranking of downtown's largest office buildings:
 

[Mr_Bond]

Has anyone heard a rumor that a CVS or Walgreen's might be going in where City Fire restaurant used to be at the corner of 12th Ave S and Division in the Icon building?

[markhollin]

Blue Parrot (3 story bar) update: Back wall up to 3rd floor.

Looking SE from intersection of 4th Ave. South and Molloy St:
 

[smeagolsfree]

Not  a peep, but will look into it.

[ArchitectBarbie]

15 hours ago, Mr_Bond said:

Has anyone heard a rumor that a CVS or Walgreen's might be going in where City Fire restaurant used to be at the corner of 12th Ave S and Division in the Icon building?

Have heard Walgreens.

[Mr_Bond]

1 hour ago, smeagolsfree said:

Not  a peep, but will look into it.

Thanks, Ron.  

23 minutes ago, ArchitectBarbie said:

Have heard Walgreens.

That's what I heard at first and then CVS was mentioned.  It reminded me of the 'Rumor' or 'Telephone' game we played in high school.

This type of store has been high on the wish list for downtown residents for many years.

[smeagolsfree]

All I can say is there may be something to this. Not sure yet!

[Jamie Hall]

No offense to the folks who operated CityFire, but as an occasional visitor to see friends who live in the Gulch, I can attest that a downsized Walgreens, CVS or even something like Dollar General's new DG concept might be appreciated more than another restaurant -- especially with big hotel/residential projects continuing to sprout up.

[markhollin]

N.E.S. 11th Ave. Substation (2 stories) update.  Topped out.

Looking NW from 11th AVe. South, 1/4 block north of Church Street Viaduct:

Looking SW from 11th Ave. North, 1/2 block south of Charlotte Ave:

[markhollin]

The developers for 1300 Jefferson Street (3 stories, 24 units, ground level retail) received approval from MDHA Design Review Committee on Tues. for concept plan.  Another rendering has been made available.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21143358/image-released-for-jefferson-street-project

[markhollin]

Who owns downtown Nashville and what should its future be? Multiple stakeholders and conversations are needed to create a balanced lifestyle on Lower Broad beyond just Nashville's famed honky-tonks.

https://www.tennessean.com/story/opinion/columnists/2020/10/16/downtown-nashville-tennessee-honky-tonk-tourists-broadway/3646030001/?fbclid=IwAR1dfjv8SBUXP7gOrBZx3B0LYYi7cMUi-D33xTSwjSiRIM8023DhACoa1pU

[smeagolsfree]

Even though this is an opinion article, there are great points made. I think there should be a district where these "honkey tonks" are allowed and then areas where they are not. Lets call then entertainment districts. If you zone an area for this and you keep the monster in the fence so to speak you will at some point curb some of the uncontrolled "goofy growth" that is happening down there.  

This also goes back to the conversation about transportainment on another thread yesterday. This needs to be regulated HEAVILY and limited to a certain zone.

I do think Covid may yet be the demise of some of these business on lower Broad, but unfortunately it will be bad for everyone. The second wave is now upon us and it is about to get worse, I have not been to a sit down restaurant or a bar since February and will not go to one till this is over and that may well be late next year if then. Now the tourist may continue to flock to lower Broad but if it gets bad, I am unsure of the outcome.

[titanhog]

But we're talking about a specific 5-6 blocks of Lower Broadway...a section that was a cesspool just 30 years ago.  The author acts like the entire city has now turned into one giant honky tonk...but the honky tonks are mainly just in that one section of the city.  Get away from that one little stretch of the city and there are hotels, museums, condos, etc.  There is plenty of land and plenty of buildings for companies to create whatever business they want to create to cater to locals...and I promise you, if there's money to be made, someone will create that business somewhere in the downtown area.

If Covid makes it where these businesses fail and there's suddenly a demand for something else down there that keeps downtown Nashville thriving...then great.  

[PaulChinetti]

I think the museums are a pretty huge deal. Especially once the African American Music one opens in 5th and Broad.

Agreed, I think the main thing missing from the quote/unquote core is another grocery and some more stores of that nature. More day to day life type of things.

[BnaBreaker]

22 minutes ago, titanhog said:

But we're talking about a specific 5-6 blocks of Lower Broadway...a section that was a cesspool just 30 years ago.  The author acts like the entire city has now turned into one giant honky tonk...but the honky tonks are mainly just in that one section of the city.  Get away from that one little stretch of the city and there are hotels, museums, condos, etc.  There is plenty of land and plenty of buildings for companies to create whatever business they want to create to cater to locals...and I promise you, if there's money to be made, someone will create that business somewhere in the downtown area.

If Covid makes it where these businesses fail and there's suddenly a demand for something else down there that keeps downtown Nashville thriving...then great.  

Exactly.  I am all for diversifying a city's entertainment options overall, but in the case of Lower Broad we are talking about a few blocks.  What's wrong with letting that be a honky tonk district?  There is plenty of space in this city, even just off Lower Broad if that's where you want to be, to put entertainment businesses of other types.  

[downtownresident]

50 minutes ago, PaulChinetti said:

I think the museums are a pretty huge deal. Especially once the African American Music one opens in 5th and Broad.

Agreed, I think the main thing missing from the quote/unquote core is another grocery and some more stores of that nature. More day to day life type of things.

We could use a Target or similar. Maybe a Walgreens/CVS in the gulch. Would’ve loved for H&M to stay a part of 5th and Broadway. 
 

Between Turnip Truck, Whole Foods, Publix, Walgreens on 5th, and DGX on third, the core is pretty well served on the grocery front. 

[PaulChinetti]

7 minutes ago, downtownresident said:

We could use a Target or similar. Maybe a Walgreens/CVS in the gulch. Would’ve loved for H&M to stay a part of 5th and Broadway. 
 

Between Turnip Truck, Whole Foods, Publix, Walgreens on 5th, and DGX on third, the core is pretty well served on the grocery front. 

Good point. 

The southside of the gulch say between like 8th and 12th could use something, especially with all those new apartments going in and that area starting to fill up. But that's just being picky at that point and thinking of wedgewood/chestnut hill/trevveca area, not many options there but that's more the... outer inner core, HA.

[titanhog]

Another thing to consider is that 5+B was established to bring in something different to that area...but as we're seeing, it still doesn't look like retail demand in the area is enough to have many major retailers dying to be there...so far.  I don't think anything is going to change in that area until an obvious demand reaches critical mass. 

[titanhog]

Ryman unveiled their newest statue of a historic country music icon...Loretta Lynn.  (photos courtesy of Jimmy Carter)