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Reed District: 8 towers ranging from 8 to 44 stories (500'?), 1.5 million sq. ft. office space; 1,000 residential units; 150K sq. ft. retail space; 250 room hotel on 12 acres at NE corner of Broadway and 16th Ave. North


markhollin

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25 minutes ago, MLBrumby said:

Developers secure $37.5M loan for early Reed District project costs    https://www.bizjournals.com/nashville/news/2022/04/25/reed-district-secures-loan.html

The sum will go toward pre-construction costs for an upcoming mixed-use district, Shawn Kimble, who heads Barings’ U.S. real estate capital markets division, told the Business Journal. Those costs can encompass design plans, environmental and geotechnical analysis, permitting and more.

Right now, developers are eyeing 800,000 square feet of new construction for the project’s first phase. Those plans include:

  • 300-unit apartment building
  • 300,000-square-foot office building
  • 250-room hotel
  • Renovations to the site’s vintage Coca-Cola bottling plant, which will house 100,000 square feet of creative office space and retail
  • Green space, touted as the project’s centerpiece

They go before BZA for an extension of their previous exception in May. The newly minted Broadwest folks are already whipped up in an NIMBY furor over the Hayes Street projects, I imagine it will be more of the same toward this one. Unfortunately for them, Propst gave their blessing to the original exception back in 2020. 
 

Excited to see this come to fruition, this is going to be the centerpiece of Midtown and really kick off its transformation. 

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3 minutes ago, downtownresident said:

They go before BZA for an extension of their previous exception in May. The newly minted Broadwest folks are already whipped up in an NIMBY furor over the Hayes Street projects, I imagine it will be more of the same toward this one. Unfortunately for them, Propst gave their blessing to the original exception back in 2020. 
 

Excited to see this come to fruition, this is going to be the centerpiece of Midtown and really kick off its transformation. 

They NIMBY-ing about losing their views?

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2 hours ago, downtownresident said:

No, it’s “traffic” “zoning” and “infrastructure” but we all know it’s about the views. 

Imagine being a person that moves into a newly built tower that is significantly taller than anything else in a mile radius and alters the views of tens of thousands, but then getting steamed when hearing about a new building being built nearby, because it alters a view you've only known for like a month.  These ****ing people man, I swear to god, do we as a species get worse?  

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10 hours ago, natethegreat said:

How big is 300,000 square foot building? And don’t say 300,000 square feet...

It all depends on the size of the footprint. But here are some that fit in the general 300,000 sq. ft. range:

Gulch Union Office Tower: (20 stories): 329,000 sq. ft.
1201 Demonbreun (15 stories): 285,000 sq. ft.
L & C Tower (30 stories); 283,000 sq. ft.
Palmer Plaza (18 stories): 284,000 sq. ft. 
 

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13 minutes ago, markhollin said:

It all depends on the size of the footprint. But here are some that fit in the general 300,000 sq. ft. range:

Gulch Union Office Tower: (20 stories): 329,000 sq. ft.
1201 Demonbreun (15 stories): 285,000 sq. ft.
L & C Tower (30 stories); 283,000 sq. ft.
Palmer Plaza (18 stories): 284,000 sq. ft. 
 

So…not very tall, normally.  Maybe over 300’ if lucky for the most part.

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They are going before the BZA for a special exemption from the "max height at setback" and the "slope control plane" in order to achieve their prospective heights.

image.thumb.png.c6a0f897978335032bc55692f05ba91f.png

With regards to Broadwest, there was a BZA decision back in 2020 that capped height along 16th that worked to accommodate Broadwest. I believe this accommodation was brought by the developer to appease Broadwest in an attempt to gain their support for the development. They are looking for a modification of that height (still finishing the research as to what they want for the change)

image.thumb.png.8d62188c83b148b814ada41a439292c6.png

Lastly, there were 6 parcels that were not under the control of Hines back at the 2020 BZA decision and the development team is requesting these six parcels be brought into that decision. 3 of the 6 are where the tallest portion of the project would be.

image.thumb.png.e92378a20de52920e4a0e963b66e3b21.png

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2 minutes ago, MLBrumby said:

Interesting Ron. So a 400’ limit means that none of the buildings will be 44 floors as in the title of this thread, right? And why does the code have limits in floors and feet? Feet overrides floors? 

The 400’ limit is only for the shaded area along 16th. It was a concession negotiated between Propst and Hines to limit the impact on the office building along 16th. 

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22 minutes ago, MLBrumby said:

Interesting Ron. So a 400’ limit means that none of the buildings will be 44 floors as in the title of this thread, right? And why does the code have limits in floors and feet? Feet overrides floors? 

44 floors was also a rough count/estimate when that initial image came out and by no means an official count.  Looking at the image shared by Ron shows that the tallest of the district will be 39 floors adjacent to White Castle. Depending on what that use is (residential/hotel/office) the building could hypothetically rise anywhere from 429' (residential) to 615' (office) (estimated range). The estimate footprint of the 3 parcels adjacent to White Castle is about 43,375 square feet - as a rectangle - so if that was multiplied across 39 floors, that is almost 1.7 million square feet of building.  Speculate away as to what that square footage could be.

As for the your question regarding "Feet overrides floors?", the answer is no. Those instances are a whatever comes first situation. I'll give you a different example. We were looking at a site that allowed 15 stories/150 feet. When we did parking and the multi-family program, the 150' cap was hit at only 13 floors. That meant the tallest our base zoning would allow (with that floor-to-floor height) is 13 floors. Office would've been even shorter with alot more parking. Residential is typically a shorter floor-to-floor so you can get more floors within a height dimension, but office is typically taller floor-to-floor so you will get less floors in that height.

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