Talbot's Corner (61.4 acres, 6 to 15 stories, mixed-use)

[markhollin]

Talbot's Corner will be a massive mixed-use project featuring numerous structures between 6 and 15 stories on 61.4 acres at 130 and 145 West Trinity Lane, near the I-24/65 freeway.  Jenkins Property will be the developer,  with Barge Design serving  land-planning and engineering duties.   It will be built in 3 phases over a 15 year period.

Jenkins Property is seeking a specific plan rezoning for the site. Fred Jenkins, the company’s founder owns the property, the much of which is raw land used for truck storage. The main addresses of the site are 2040 Lucas Lane, 2050 Lucas Lane, 130 W. Trinity Lane and 145 W. Trinity Lane. The properties are located on either side of W. Trinity Lane, with some of the site fronting I-65.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/mixed-use-project-eyed-for-site-near-trinity-i-65/article_0b073796-ed3d-11ee-81c8-13ee6c54a1d6.html


And at NBJ  here:

https://www.bizjournals.com/nashville/news/2024/03/28/massive-development-slated-for-hot-corridor.html

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

[bnacincy]

Hope this happens......awfully ambitious for Dickerson Pike!

If it goes forward at some point someone is going to buy out those remaining trailer parks and Dickerson Pike will have pretty much transformed itself.

Hopefully if that happens though some accommodation will be made for some affordable housing in the area-I'm thinking about all the hospitality workers downtown.

This is very convenient to downtown.

[Baronakim]

3 hours ago, markhollin said:

Talbot's Corner will be a massive mixed-use project featuring numerous structures between 6 and 15 stories on 61.4 acres at 130 and 145 West Trinity Lane, near the I-24/65 freeway.  Jenkins Property will be the developer,  with Barge Design serving  land-planning and engineering duties.   It will be built in 3 phases over a 15 year period.

Jenkins Property is seeking a specific plan rezoning for the site. Fred Jenkins, the company’s founder owns the property, the much of which is raw land used for truck storage. The main addresses of the site are 2040 Lucas Lane, 2050 Lucas Lane, 130 W. Trinity Lane and 145 W. Trinity Lane. The properties are located on either side of W. Trinity Lane, with some of the site fronting I-65.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/mixed-use-project-eyed-for-site-near-trinity-i-65/article_0b073796-ed3d-11ee-81c8-13ee6c54a1d6.html


And at NBJ  here:

https://www.bizjournals.com/nashville/news/2024/03/28/massive-development-slated-for-hot-corridor.html

 

 

I'm not going to hold my breath on this one.  Dicey IMO.

 

[BnaBreaker]

4 hours ago, bnacincy said:

Hope this happens......awfully ambitious for Dickerson Pike!

If it goes forward at some point someone is going to buy out those remaining trailer parks and Dickerson Pike will have pretty much transformed itself.

Hopefully if that happens though some accommodation will be made for some affordable housing in the area-I'm thinking about all the hospitality workers downtown.

This is very convenient to downtown.

My thoughts exactly!  Hopefully it happens, but VERY ambitious for the area.  Usually the land stuck in between the trailer park and the highway on-ramp are reserved for stuff like... well... stuff like what's there currently.  lol

[smeagolsfree]

Almost everything in Nashville is now sitting at a 15 to 20 year build out now. All of the combined projects on West End, the East Bank, not to mention all of the stalled projects in SoBro. The NBJ had the article last week about companies wanting to come here but no being able to find land or land at a cheap price. The way the market is right now, I doubt that few would be able to start on a project anyway.

The recent data shows that 87 people a day are moving to the Metro. We have enough projects ready for a lot of folks, but many are going to the burbs. To get all of these projects started we really need 120 people a day moving here to get us past that 15 to 20 year build out. The current developers that are here have certainly scaled back their expectations and timelines a lot.

This is just another project on the wish list of dreams that may or may not happen. There are others that I think are trying to get their project on the drawing board but how many of these multi acre projects can one mid-size city have.

[Luvemtall]

1 hour ago, smeagolsfree said:

There are others that I think are trying to get their project on the drawing board but how many of these multi acre projects can one mid-size city have.

Think positive my friend, all these multi acre projects are how a “ midsize “ city becomes a large city ! I remember when places such as Dallas, Atlanta, and yes even Houston were about where Nashville is today. It all has to start somewhere, although I find that there’s more of a resistance to the possibilities and desire to move forward here, then in those other places. Like I’ve mentioned so many times before, I’m finding a different mindset here than I’ve seen elsewhere. It’s kinda strange actually, most anywhere else would be more than pleased to see the kind of growth and opportunities that Nashville has , yet I hear mostly negativity towards it around this city. 

[nashville born]

2 hours ago, smeagolsfree said:

The recent data shows that 87 people a day are moving to the Metro

Driving to Nashville from Memphis yesterday, I was passed be a car pulling a U-Haul and my thought was, wonder if that's one of Nashville's new residents!

[smeagolsfree]

4 hours ago, Luvemtall said:

Think positive my friend, all these multi acre projects are how a “ midsize “ city becomes a large city ! I remember when places such as Dallas, Atlanta, and yes even Houston were about where Nashville is today. It all has to start somewhere, although I find that there’s more of a resistance to the possibilities and desire to move forward here, then in those other places. Like I’ve mentioned so many times before, I’m finding a different mindset here than I’ve seen elsewhere. It’s kinda strange actually, most anywhere else would be more than pleased to see the kind of growth and opportunities that Nashville has , yet I hear mostly negativity towards it around this city. 

Funny you mention two cities on the brink of bankruptcy.  Dallas & Houston are in horrible shape financially and too much growth too fast is a bad thing.  Portland & Philly are in bad shape as well. Portland not too long ago was the poster child for success.

The mayor in Houston just took over a financial mess after the former mayor claiming there was a half-billion-dollar surplus, but it really was almost a 200-million-dollar deficit. It only takes a bad administration to throw a city off of its game.

I do think Nashville needs to grow but needs to grow smartly. The mass transit referendum needs to pass as a first step, however that does nothing to help the traffic on the interstates. Most of the people that will use the buses would never get on the interstates to start with as they live to close in. It will be up to the state to solve the Interstate traffic issue.

These types of projects put more strain on the existing infrastructure already in place, not to mention the NEST proposal. That will place more undue stress on existing infrastructure so that is why the pause. Metro needs to access how much it will cost just like any other large proposal. I think when it is all said and done, Planning will quash NEST. That is what the magic 8 ball says. The infrastructure is going to be too expensive and complicated, and the Council will vote it down. This will come as a big disappointment to the YIMBYS on the board, but this is too progressive for Nashville at this time. The 8 ball says we need more people, and the market has to improve for the rest of these projects to start as well. Trust me when I say the West End projects are going to be a long build out. Projects like Nashville Yards took the steam out of a lot of these projects and Nashville Yards has slowed itself. Things are not going to happen overnight, not the West End projects, & not The East Bank.

One City has taken longer than anticipated. Capitol View is not even built out yet with two parcels that are stalled twice over. Have we all forgotten about the New Heights District? Never going to happen! At least if it does not in the next 10 years at the earliest to start with. I keep track of these things more than anyone on this board. I remember projects that have been cancelled, that were announced that never started or things that you folks never knew about. 

[Luvemtall]

Good perspective, thanks . Since you have the good old 8 ball out, does it have anything to say about 1010 Church ? Just throwing it out there. 

[Hey_Hey]

To provide something of a counter argument, I would contend that the 87/day could grow if there were more supply on the housing side. Nashville seems to be housing constrained at the moment and is likely tamping down growth to some degree.

Household size is also decreasing meaning that we will need more units to house the same population. This is especially true in more urban areas. We could see population growth stall and still need additional units because of that phenomenon. 

[samsonh]

14 hours ago, Hey_Hey said:

To provide something of a counter argument, I would contend that the 87/day could grow if there were more supply on the housing side. Nashville seems to be housing constrained at the moment and is likely tamping down growth to some degree.

Household size is also decreasing meaning that we will need more units to house the same population. This is especially true in more urban areas. We could see population growth stall and still need additional units because of that phenomenon. 

Agreed. A huge reason we grew so much in the 2010s was cheaper housing. We no longer have that advantage. We must increase supply, and not just apartment supply. We also need corporate relocations, that seems to have slowed. 

[smeagolsfree]

17 hours ago, Luvemtall said:

Good perspective, thanks . Since you have the good old 8 ball out, does it have anything to say about 1010 Church ? Just throwing it out there. 

Nothing to report as there seems to be radio silence and if there were something to report I would not comment here.

14 hours ago, Hey_Hey said:

To provide something of a counter argument, I would contend that the 87/day could grow if there were more supply on the housing side. Nashville seems to be housing constrained at the moment and is likely tamping down growth to some degree.

Household size is also decreasing meaning that we will need more units to house the same population. This is especially true in more urban areas. We could see population growth stall and still need additional units because of that phenomenon. 

Not true as there seem to be plenty of homes for sale and plenty of apartment vacancies at this point in time. If you have been paying attention to the TDEC website, the number of job announcements from the state from major companies has all but stopped over the past year and a half or two years. Jobs are the key to relocation! Companies are not expanding like were and they are relocating either. When folks cannot sell their homes in other states or buy a home in the place, they want too because of high interest rates that tends to slow things down. Things have even slowed in Austin somewhat.  The key difference between Austin, Charlotte, and Nashville is this; Nashville sits in TN., the other two cities sit in states that have much higher populations. State population has a lot to do with how a city does. If Nashville were in Texas, Florida, or NC if would be larger. Atlanta's growth has taken off because it is really the major city in the state. It does not have a Memphis as a competing city.

There is a lot of intrastate relocation within that state that can drive those city populations. I do think there will be a fresh exodus out of California due to new laws passed there as the state keeps digging themselves deeper into a hole of no return as they panic. They now have an exit tax, and the new minimum wage is causing thousands of layoffs and will cause the cost of living to further increase in a state where you can least afford a COS increase.

My morning reads take me across the country. I rarely care about new giant buildings being built in NYC, Miami or Chicago, and other large metros but I look into policy in these cities that are driving resident to leave the larger cities and states. This can quickly happen here if we are not careful. Nashville needs to take a long hard look at every policy law they make here and see how those same policy laws has affected other cities. 

[markhollin]

The Tennessean's coverage of Talbot Corner announcement:

https://www.tennessean.com/story/money/2024/04/01/nashville-development-talbot-corner-plans-prominent-east-nashville-corner/73145407007/

[markhollin]

CityNowNext with coverage of announcement:

https://citynownext.com/2024/04/08/15-story-towers-planned-for-dickerson-pike-in-east-nashville/#more-40106