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

smeagolsfree

By smeagolsfree
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markhollin Galactalopolis

markhollin

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The Arcade (circa 1902) has been purchased by Rob Lowe (Holdco ARC LLC)for an undisclosed price.

“Our intention is to be good stewards of the historic property,” Lowe, who serves as managing director for the local office of commercial real estate company Stream. Lowe declined to elaborate further regarding any future changes or upgrades to the property.

Modeled after an Italian arcade, The Arcade offers entrances consisting of identical Palladian facades, according to the National Register of Historic Places (it has been on that list since 1973). Its tenants include Manny’s House of Pizza, Monty’s Barber Shop, Phillyman Cheesesteak, a U.S. Post Office and multiple boutique art galleries on the second level.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21146914/downtowns-the-arcade-sells-to-local-group
 

Screen Shot 2021-04-02 at 2.59.52 PM.png

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chc3
chc3

Walking home from a stunning Mozart’s Requiem at the Schermerhorn last night. Had a pre-dawn Uber to BNA for a flight to SEA this morning!

markhollin
markhollin

More images released of Hill Center Germantown  slated for mid-2022 groundbreaking at 416 Jefferson St. https://www.nashvillepost.com/business/development/notes-additional-images-released-for-ger

markhollin
markhollin

H.G. Hill Realty will finally be developing the full 3.58 acre block at 416 Jefferson St. with $93.5 million 5th & Jefferson mixed-use project. It will include a 4 story structure with 110,000 sq.

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markhollin Galactalopolis

markhollin

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3 minutes ago, PaulChinetti said:

Hope nothing big changes, but it could use a facelift and/or a deep cleaning inside and out.

Have been told that much of the infrastructure is in bad shape (as to be expected for a 120 year old building). Lots of rotting timer frame, bad pipes, faulty wiring. But Rob Lowe will hopefully have the vision to do all that's needed to bring it into this century and to last another one. 

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titanhog Metropolitan Area

titanhog

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20 minutes ago, PillowTalk4 said:

Question:  Where do people living in downtown, the gulch and Sobro do their grocery shopping?  I know there's a Whole Foods now.  Are there plans for smaller neighborhood sized markets planned for the downtown and eastern portions of mid-town?

I think there’s a new Publix in Capitol View.  Seems like a DGX is going in somewhere downtown (they already have one near Vandy on West End, I think.)

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BnaBreaker City

BnaBreaker

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16 minutes ago, Nash_12South said:

An awful lot of space dedicated to parking. Pity they couldn't do a central garage of some sort.

Right, I mean I realize this is Metrocenter, but you'd think that at the very least, a project with the phrase "Riverwalk" in it's name would actually address and incorporate the riverwalk in some tangible way rather than line it with a parking lot.

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CenterHill Town

CenterHill

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3 hours ago, markhollin said:

New renderings, diagram, and additional info on Alta Riverwalk (4 stories, 305 units) in MetroCenter at NashvilleNowNext:

https://nashvillenownext.com/2021/04/05/new-renderings-construction-progress-at-alta-riverwalk-in-nashvilles-metrocenter/
 

Alta Riverwalk, April 5, 2021, render 1.png

 

 

 

My first reaction is the levee in the renderings seems lower than it is compared to the current site.    Possibly the developer plans to back fill the site to raise the overall site level, although that seems like a massive undertaking.   As I recall, the former warehouse for Metro Medical Supply came very close to flooding in 2010. 

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GregH Whistle-Stop

GregH

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Having spent a lot of time on that levee path, I think the river height depicted in that render would be big trouble lol. However, if that is the site I am thinking of, they have been doing a great deal of work leveling the site, so they might indeed have raised it a bit.

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markhollin Galactalopolis

markhollin

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Hilltop Estates will be made up of 112 townhomes and 17 single family homes on 14. 5 acres at 1105-1107 West Trinity Lane by D+M Development. An August start is planned , with completions et for 2024.  No renderings yet.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/04/05/d-m-development-plans-trinity-lane-homes.html

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

Screen Shot 2021-04-05 at 2.10.51 PM.png

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Nash_12South Burg

Nash_12South

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My limited experience with Mr. Lowe is that he's smart and knows his stuff. I like that locals seem to be buying the Arcade and not outsiders. He'll be familiar with the waters that will need to be navigated to make renovations/economics work. Some arch/engineering firm(s) have likely done a good bit of due diligence before this came together. 

Edited by Nash_12South
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Nashville Cliff Hamlet

Nashville Cliff

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17 hours ago, MLBrumby said:

Does anyone know what sort of investor Rob Lowe is? I know he's very active in CRE (a broker, I believe), but does he have any record of historic properties?  And speaking of, is the Arcade protected by zoning? 

The Arcade is part of the Fifth Avenue Historic District, which is a National Register District, so I believe it is protected by zoning.

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