Park Place Nashville (2nd & Peabody), 36 story/433' and 32 story/375' residential towers; 18 story/234' hotel

[nashville born]

On 4/17/2023 at 6:00 AM, markhollin said:

Some internal demo on structure at northern end of site.

Looking SW from intersection of Peabody St. and 2nd Ave. South:

How's the demo coming?  

[Argo]

5 hours ago, nashville born said:

How's the demo coming?  

They have court cases to deal with first. Same with the other two nearby developments.

Edited June 21, 2023 by Argo

[smeagolsfree]

14 hours ago, Argo said:

They have court cases to deal with first. Same with the other two nearby developments.

Just two cases total. Probably one big case now. The CL folks have extended their case I think everyone knows. I really do not see them winning on their first premise and that was not being voted on by the full Metro Council. When both of the projects decided to switch to SP's, they had to get Council approval and therefore got a full council vote. So, if they get a jury trial, it will be hard to prove they did not get that approval now. I do not know what else they can sue for as that was the original lawsuit.

I think when they saw how much they were going to have to pay after their last loss in court they decided to go for broke.  It is a delaying tactic now and will end up most likely costing them a lot more money. Centrum and The Congress Group have much better and more lawyers not to mention they are also fighting Metro in court. The lawyer they have from Franklin is out of his league it seems. I would love to be a fly on the wall during some of his consultations with the CL folks. Bet you it has not been fun dealing with these people.

[Luvemtall]

Centrum and The Congress Group, need to team up and buy that damn City Lights Building and throw those a-ho@@ ‘s out to the curb! This is unacceptable, unnecessary pigheaded bullcrap ! 

[smeagolsfree]

They are actually playing nice at this point in the game. There is a scenario where they could actually countersue for damages based on the delays it has cost them, building materials, interest rates, labor cost, etc. Now if they would win that, that is another story, but it would force the CL folks to defend and prove that these are not frivolous lawsuits and delay tactics, but if they win then the CL folks would be bankrupted beyond measure. The damages could reach into the tens of millions if not the hundreds of millions.

[markhollin]

Containers on site.

Looking NW from 2nd Ave. South, 1/4 block north of Lea Ave:

[nashville born]

^^^ Posts like this help keep hope alive!

[smeagolsfree]

Again, this one is still in litigations. The demo permits were pulled months ago and still the buildings stand. This is probably for something else.

[Deepdish53]

Based on some other comments it seems that this will still be tied up in litigation for another month or two, but I just wanted to double check and make sure nothing had moved on this front. Major demo started on Monday and these two buildings are now almost completely scraped off the lot.

[markhollin]

First structures on NE side of site have come down.

Looking west from 2nd Ave. South, 1/3 block north of Peabody St:

Looking SW from 2nd Ave. South at Peabody St:




Looking NW from 2nd Ave. South, 1/3 block north of Peabody St:

[nashville born]

Hopefully, this means that if things go well next month, they can immediately get busy.

[markhollin]

Another warehouse wiped-away.  All that is left now is the god-awful residential structure on the SE corner of the site.

Looking west from 2nd Ave. South, 1/3 block  north of Lea Ave:




Looking NW from 2nd Ave. South, 1/2 block north of Lea Ave:

[markhollin]

Yay...verily I say, Yay!  One of the ugliest structures in downtown Nashville has met its demise.

Looking SW from 2nd Ave. South, 1/2 block north of Lea Ave:

Looking west from intersection of 2nd Ave. South and Lea Ave:

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

[MLBrumby]

Already an improvement 

[nashville born]

I understand this one is still caught up in legal wrangling.  So why is this demo happening?

[Bos2Nash]

1 hour ago, nashville born said:

I understand this one is still caught up in legal wrangling.  So why is this demo happening?

Demo is low hanging fruit in early project prep. Regardless of the legal outcomes of the litigation, the property owners didn't have a use for those buildings so better to get on the demolition teams schedule and get it done rather than go to the back of the line and wait again. 

[NissanvilleTitans]

3 hours ago, nashville born said:

I understand this one is still caught up in legal wrangling.  So why is this demo happening?

Wait! I thought all the City Lights

was over? Or is it a different legal issue?

[Flatrock]

1 hour ago, Bos2Nash said:

Demo is low hanging fruit in early project prep. Regardless of the legal outcomes of the litigation, the property owners didn't have a use for those buildings so better to get on the demolition teams schedule and get it done rather than go to the back of the line and wait again. 

Right on. It also speaks to the confidence the developers have in their case, IMO. Spending money now on demo/site prep, albeit limited, sends a clear signal to all parties. 

[smeagolsfree]

15 hours ago, NissanvilleTitans said:

Wait! I thought all the City Lights

was over? Or is it a different legal issue?

They have lost on every front, so they decided they wanted a jury trial as that was their right. The risk in that is the jury will look at the outcome of all of the other litigation and see what the outcome is and weigh it. It is a very risky move.

Remember they wanted Metro Council to vote on the issue originally, so the developers went back and sought an SP and Metro Council voted on it is and passed it into law. These folks are on shaky ground, and this is a last-ditch effort to keep from paying out hundreds of thousands if not millions to Metro and all of the others they have sued. It is a delaying tactic on their part and the longer they can keep from paying, the hope is that they think this will go away but the demo on the property means it is not going away. The developers have a lot more time and money invested than these ding dongs have to lose.

 

[FluffyP13]

I don't even understand how a group of people could be so arrogant as to bring all these lawsuits. It's sheer insanity. You can't build  on any lots around my condo in the state capital and one of the fastest growing cities  bc it will change my view?! give me a break.

[Tim29tn]

.

Edited August 31, 2023 by Tim29tn

[MLBrumby]

11 hours ago, smeagolsfree said:

They have lost on every front, so they decided they wanted a jury trial as that was their right. The risk in that is the jury will look at the outcome of all of the other litigation and see what the outcome is and weigh it. It is a very risky move.

Remember they wanted Metro Council to vote on the issue originally, so the developers went back and sought an SP and Metro Council voted on it is and passed it into law. These folks are on shaky ground, and this is a last-ditch effort to keep from paying out hundreds of thousands if not millions to Metro and all of the others they have sued. It is a delaying tactic on their part and the longer they can keep from paying, the hope is that they think this will go away but the demo on the property means it is not going away. The developers have a lot more time and money invested than these ding dongs have to lose.

 

I saw this behavior occasionally when I was at private firms. A client's stubbornness that blinds them to the best outcome, which they never adjust to the reality as they go through the process. Sometimes it happens when a "friend" of the plaintiff is their attorney, or someone they believe (correctly or not) as having skin in the game. Going all the way back to the Metro Council votes, this should have been an education to them on the laws and in itself should have shaped their expectations to the most likely outcome (within the law). In this case it may actually be one of the residents who's acting as counsel. That may be a reason they weren't advised to end this. I also think a jury trial is a mistake on their part, but it may be driven by a hope for sympathy in their "fight against City Hall".  I think they're more likely to be seen as exclusive entitled people who are clueless/naive to think development wouldn't continue all around them. I expect the jury to act in good faith and evaluate this case strictly on the process (which is what they're challenging), and they'll agree with previous decisions. From what I know about this matter, it appears they've been given poor advice by their attorney(s). 

[smeagolsfree]

Their lawyer apparently believes the way they do and that is why he took the case. Funny thing is that win or lose he still gets his money and as always laughs all the way to the bank.

[markhollin]

Looking NE from intersection of 3rd Ave. South and Lea Ave:

Looking NW from intersection of 2nd Ave. South and Lea Ave:

[nashwatcher]

Is the fencing being up a sign this one is taking steps forward?