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

[MLBrumby]

That's a huge amount for that property. Looking at their portfolio, it's the same standard crap you find everywhere these days...  https://www.proffittdixon.com/#about 

Oddly, a lot of storage buildings. I can see how that would be a good strategy in fast-growing cities. 

[nashvylle]

Below is the latest rendering from @smeagolsfree development tracker and from @markhollinpost in Weho thread that Proffitt Dixox is developing at 625 Hamilton in Wedgewood-Houston (Queens). I expect something similar here. 

Edited October 15, 2021 by nashvylle

[Rick Dalton]

1 hour ago, MLBrumby said:

That's a huge amount for that property. Looking at their portfolio, it's the same standard crap you find everywhere these days...  https://www.proffittdixon.com/#about 

Oddly, a lot of storage buildings. I can see how that would be a good strategy in fast-growing cities. 

Looks like it’ll be a 4-6 story long boy

[MLBrumby]

Afraid that’ll be the case but it is very much a low rise neighborhood. Hoping no more storage buildings.

[UrbanWes03]

18 minutes ago, MLBrumby said:

Afraid that’ll be the case but it is very much a low rise neighborhood. Hoping no more storage buildings.

Yes pleaseee no more storage buildings. Hopefully the proximity to the baseball stadium, river, and greenway will encourage them to do something worthwhile at the least. 

[samsonh]

4 minutes ago, UrbanWes03 said:

Yes pleaseee no more storage buildings. Hopefully the proximity to the baseball stadium, river, and greenway will encourage them to do something worthwhile at the least. 

They paid 32 million, they are not building a storage facility

[TheSound]

1 hour ago, natethegreat said:

Looks like it’ll be a 4-6 story long boy

I bet at least one of the structures will be in the 9-10 story range.  They've got to go as big as they can (in North Capitol) to maximize that big investment.  Wouldn't be surprised if they shoot for well over 400 units.

[nashville born]

On 10/14/2021 at 5:51 AM, Baronakim said:

There are more smaller surface lots surely, but it is time IMO to fill in the blanks and rid the core of the surface parking  and the underutilized sites right by all the elegant new construction happenings.  What do y'all think?

 

Can't wait until all the different areas of the general downtown area are connected into one beautiful dense downtown area!

[markhollin]

Rutledge Flats (8 stories, 174 units) update:  Up to 4th floor.

Looking SE from 3rd Ave. South, 1/2 block north of Elm St:

[smeagolsfree]

Three tower cranes in Germantown.

 

[markhollin]

Hardly anything left of The Gerst House.  A hotel is rumored. The footprint of this site is about the same as the LaQuinta Inn further south along Interstate Drive. 

Looking NE from Woodland Ave. and Interstate Drive:

Looking SE from Interstate Drive, 1/2 block north of Woodland St:

[smeagolsfree]

I think they had to take down the Gerst House building for safety issues as I think it was damaged in the tornado. No permits other than demo permits have been issued for the site.

My hope is the current owners are land banking and sell to someone more capable of developing the lot.

[markhollin]

200 Broadway (the former Cotton Eyed Joe building) has changed owners yet again. The Ardent Co. has flipped it to an undisclosed buyer for $24.5 million, a 32% profit on their purchase price just 2 years ago. 

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/19/country-star-sells-lower-broadway-building.html


And behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/lower-broadway-building-sells-for-24-5m/article_d61e7bb2-31bd-11ec-a064-b73d34b71cf1.html

[Auntie Yock]

^Once was a time you could build a respectable skyscraper for $24 and a half million.

Edited October 19, 2021 by Auntie Yock
tense

[FrankNash]

^^^Maybe this will be Garth Brooks Honky Tonk.  I can see him wanting a high profile address.  Not a fan so much but that location is money.

[smeagolsfree]

The new owners are getting ready to rehab the building. That’s all we need is another Honky Tonk, but thats what it will be.

Maybe they will turn the Pinnacle tower into the worlds tallest honky tonk…

[markhollin]

The historic Starr Piano Building (circa 1889) at 240 Rep. John Lewis Way (5th Ave. North) is going to undergo a major renovation that will eventually feature retail, office, residential/hotel space.  Jarman Development--who paid $5 million for the building this week--will oversee the project, with STG Architects in charge of design. A 6 to 12 month construction schedule is planned. Pinnacle Bank is supplying a construction loan. 

Anderson Jarman said he is considering three options: 1. retail on the first floor with office condo spaces on the top three levels; 2. retail on the first floor with residential spaces on the top three levels; and 3. a boutique hotel. He noted a roof-top skylight will be added.

“We are dedicated to preserving the original architecture, protecting the history of this beautiful building while restoring features of the historic fabric that have been lost over time,” he said.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/historic-downtown-structure-set-for-upgrade/article_70875196-3291-11ec-9109-7b63d1c0bf1d.html

[donNdonelson2]

I’m so happy to hear that this building is finally getting a makeover! It’s long overdue.

[markhollin]

AJ Capital Partners has now been identified as the $24.5 million buyer of 200 Broadway (the former Cotten Eyed Joe building, circa 1900).  They have landed a $34.5 million loan that covers the purchase price as well as renovations including rooftop and storefront alterations. AJ Capital is the developer behind the May Hosiery, Nashville Warehouse Company, and Merritt Mansion mixed-use projects in WeHo. This is their first downtown endeavor.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/21/aj-capital-cotton-eyed-joe.html
 

[TheRaglander]

16 minutes ago, markhollin said:

AJ Capital Partners has now been identified as the $24.5 million buyer of 200 Broadway (the former Cotten Eyed Joe building, circa 1900).  They have landed a $34.5 million loan that covers the purchase price as well as renovations including rooftop and storefront alterations. AJ Capital is the developer behind the May Hosiery, Nashville Warehouse Company, and Merritt Mansion mixed-use projects in WeHo. This is their first downtown endeavor.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/21/aj-capital-cotton-eyed-joe.html
 

Curious, if the members of this board were the owners of this property, what would you have put in?  Obviously another bar is the "easy answer".  But this is a prime location and could be something very unique.  Other than axe-throwing... pinball... bowling... I am not sure what else could/should go here.  Maybe a multi-floor complex with one floor being a "social media" floor with props and stuff?  (I know, but that's gaining popularity)  If it were family oriented, what could it be?    

[Rick Dalton]

Not sure if it’s the right size, but there’s a recent trend of high-end indoor mini golf. You could use a floor for that. It could have a bar, food, etc.

[downtownresident]

2 minutes ago, natethegreat said:

Not sure if it’s the right size, but there’s a recent trend of high-end indoor mini golf. You could use a floor for that. It could have a bar, food, etc.

PuttShack is one of the tenants in the Gibson Residences building being built along the Church Street viaduct. 

[markhollin]

Recess will be the name of the live entertainment component of the Heaven's Door Distillery, to be located on .75 acre at 625 4th Ave. South.  Originally a boutique hotel was being planned, but Covid changed that idea. Surrounded by 3 to 5 stories of shipping containers (about 60' tall at highest point), the event space will have a capacity of 2,000 people.  Patrons will be able to sit inside the containers which will have openings facing the central courtyard that will serve as cabanas and terraces. There will be multiple food and drink options from local operators, and a stage in the courtyard for live performances.  Cost will be at least $7 million. 

Tuck-Hinton Architecture is handling the design. They and developer Bushala's Atomic Hospitality will go before Metro Planning Commission on Thur. Nov. 4th to request modifications to the downtown code for this locale. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/shipping-container-component-eyed-for-sobro-dylan-project/article_0d197100-32b6-11ec-b5b4-e3d4a7bf2a2d.html
 

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

[Luvemtall]

7 hours ago, TheRaglander said:

Curious, if the members of this board were the owners of this property, what would you have put in?  Obviously another bar is the "easy answer".  But this is a prime location and could be something very unique.  Other than axe-throwing... pinball... bowling... I am not sure what else could/should go here.  Maybe a multi-floor complex with one floor being a "social media" floor with props and stuff?  (I know, but that's gaining popularity)  If it were family oriented, what could it be?    

1st floor Walgreens 2nd & 3rd floors the return of The Old Spaghetti Factory! Floor 4 Starbucks , floor 5 & rooftop a Piano Bar . 

[Auntie Yock]

2 hours ago, markhollin said:

Recess will be the name of the live entertainment component of the Heaven's Door Distillery, to be located on .75 acre at 625 4th Ave. South.  Originally a boutique hotel was being planned, but Covid changed that idea. Surrounded by 3 to 5 stories of shipping containers (about 60' tall at highest point), the event space will have a capacity of 2,000 people.  Patrons will be able to sit inside the containers which will have openings facing the central courtyard that will serve as cabanas and terraces. There will be multiple food and drink options from local operators, and a stage in the courtyard for live performances.  Cost will be at least $7 million. 

Tuck-Hinton Architecture is handling the design. They and developer Bushala's Atomic Hospitality will go before Metro Planning Commission on Thur. Nov. 4th to request modifications to the downtown code for this locale. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/shipping-container-component-eyed-for-sobro-dylan-project/article_0d197100-32b6-11ec-b5b4-e3d4a7bf2a2d.html
 

 

Oh, please, no. That is ghastly hideous. I wouldn't wish that on East Saint Louis.