4th & Elm (11 stories, 165 hotel rooms, 80 STR units, 40,600 sq. ft. of ground level retail, 184 capacity internal garage)

[markhollin]

5 hours ago, JoseBarnes said:

Nice, I like it.

Welcome to the forum, JoseBarnes!  : )

[markhollin]

Promanas, a private equity real estate investment firm that is an equity partner with CA South, has purchased the sites at 704-712 4th Ave. South for a cumulative $19.5 million. A groundbreaking date is still not set.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/sobro-site-eyed-for-project-sells-for-19-5m/article_fcdb4152-015c-11ee-9cb7-a72cf2ebbc7d.html

[markhollin]

Plans have altered on this project:

- Will now be 11 stories instead of 12.
- Will now have 165 hotel rooms, 80 STR units instead of 176 rental units previously.
- Will now have 40,600 sq. ft. of retail, instead of 11,844 previously.
- Will have 184 parking space in the internal garage, instead of 95 previously.
- Deforma is now the architect, instead of Rome Office and Gresham Smith. 
- GSLA Design is now the landscape architect instead of Rextark.

CA South is still the developer, with Promanas serving as an equity partner.  Still no word on groundbreaking date. 

Personally, I liked the previous design better.  

More behind theNashville Post paywall here:

https://www.nashvillepost.com/business/development/plans-updated-for-building-eyed-for-rutledge-hill/article_07f280be-08c3-11ef-a28e-2f86168d877a.html

Previous design:

New design renderings and diagrams:

[nashwatcher]

Increasing to 40k sq feet of retail is great for the area though right?

[markhollin]

13 minutes ago, nashwatcher said:

Increasing to 40k sq feet of retail is great for the area though right?

Agreed.  Makes one wonder if it might be for a grocery store, which  is a definite need for that neighborhood.  

[nashville born]

Love the increase in retail space.  Hate the design change.  It's decent looking; just prefer the previous version.  Those stair stepping setbacks added a unique flair.  Now just another hunk of a building...little brother to the two very similar ones in Midtown.

Edited May 3 by nashville born

[Bos2Nash]

I liked the volume division of the early iteration, but like the palette and overall language of the new design.

Increase in retail is great! I wouldn't hold my breath on a grocer at this location though. A grocer would require a dedicated loading dock with more size than the current is showing. The adjacency of the loading to the commercial slots makes me think restaurant or general mercantile type retail.

[BnaBreaker]

7 hours ago, nashville born said:

Love the increase in retail space.  Hate the design change.  It's decent looking; just prefer the previous version.  Those stair stepping setbacks added a unique flair.  Now just another hunk of a building...little brother to the two very similar ones in Midtown.

Agreed... very disappointed there was a design change at all, much less one that looks as generic as that.  BUT it isn't bad, persay, and the increase in retail is just what the doctor ordered for Division... so overall I'm not mad at it.

[markhollin]

CityNowNext with coverage of the revised plans:

https://citynownext.com/2024/05/15/proposed-development-pivots-from-multifamily-to-hotel-use-in-downtown-nashville/#respond
 

[henburg]

Both designs are good in different ways. Either way, I'm very excited to introduce something of real architectural quality to this area seeing as Broadstone SoBro and the two Storage facilities have started things off for this cluster poorly.