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The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. April 6th, 10 AM to noon; Copper Branch patio at Downtown Library at 6th Ave. North and Church St.


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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Sept. 2nd, 10 AM to noon; Location TBA

Our next in-person Meet-Up will be this Saturday, Sept. 2nd, from 10 AM to noon Central Time at  a DIFFERENT LOCATION: 

The HealthStream Building in Capitol View  
Enter thru the parking garage (which is FREE) at 506 11th Ave. North, Nashville, TN 37203
Turn right and park
Text or call 615-300-2448 to have someone escort you into the building and up the elevator.
Bob (LA_TN) will be our host

Here's a map:

Screenshot_20230829-085547.png

Ron (smeagolsfree), Brian (Predsboy18), and I (markhollin) will arrive early to assist Bob with set up and getting folks from the garage up to the meeting room.

Coffee is provided for free, but there is no food service.  Feel free to bring your own.  The Publix grocery is right next door if you want to purchase something there and bring it in.  

The reason we are changing venue is because The Copper Branch still has no working AC.  Hopefully it will be fixed by next month, and we can return there.


We should have things set up for folks to participate online via Zoom as well, that will be administered by LA_TN (Bob). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening,  Sept. 1st, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.

A full agenda of discussion items will be posted on this thread in a few days.   : )

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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Sept. 2nd, 10 AM to noon; The HealthStream Building in Capitol View; Enter thru the parking garage (which is FREE) at 506 11th Ave. North

NASHVILLE URBAN PLANET MEET-UP AGENDA, SEPT. 2nd, 2023

Here's an overview of what can be covered at the Dave Luna Urban Planet Meet-Up IN-PERSON this Saturday,  Sept. 2nd, from 10 AM to noon at a DIFFERENT LOCATION: 

The HealthStream Building in Capitol View  
Enter thru the parking garage (which is FREE) at 506 11th Ave. North, Nashville, TN 37203
Turn right and park
Text or call 615-300-2448 to have someone escort you into the building and up the elevator.
Bob (LA_TN) will be our host

A map is posted at the bottom of this thread.

Ron (smeagolsfree), Brian (Predsboy18), and I (markhollin) will arrive early to assist Bob with set up and getting folks from the garage up to the meeting room.

Coffee is provided for free, but there is no food service.  Feel free to bring your own.  The Publix grocery is right next door if you want to purchase something there and bring it in.  

The reason we are changing venue is because The Copper Branch still has no working AC.  Hopefully it will be fixed by next month, and we can return there.


We should have things set up for folks to participate online via Zoom as well, that will be administered by LA_TN (Bob). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening,  Sept. 1st, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.


INITIAL BUSINESS:

  • Meet any new folks in attendance.
     
  • Get reports from anyone who traveled to other cities in the past month for quick overviews of what they experienced.
     
  • Cranes up: Ashwood 12 South (2nd of 2)

    Cranes down: River North Landings (1 of 3)

    Total cranes currently up in Davidson County:  57  YTD: 76

     
  • Topped out: 405 Broadway (5 stories); Vandy Basketball Operations Facility; Antioch (4 & 3); Trinity Overby Apts. (4); Alta City View (4 & 3); E3 Trinity & Alice Townhomes (4 & 3); The Lucy (3); 2607 Whites Creek Pike (3); 1206 Brick Church Pike (3); Lischey Townhomes (3); Free Silver & Whites Creek Townhomes (3); Belwood Residences (3); Edgehill Cole Alley Townhomes (3); Donelson Library (3 & 2)

    AGENDA:
     
  • 531-533 Lafayette residential project has some more specs: it will be 14 & 15 stories and about 170' tall. There will be 385 units and 300 capacity. internal garage. EQT Exeter is the developer; Sitio is the architect; Ragan Smith Associates is civil engineer/land planner. This is the site where Hermitage Lighting Center currently resides. New renderings and diagrams available.
     
  • The 311 3rd Ave. South hotel will be a Motto by Hilton brand (13 stories, 145’, 256 rooms). The Mortenson Company is the developer. It has been approved by MDHA Design Review Committee.  It is expected to be finished by fall of 2025.  No start date announced.
     
  • Four developers are battling for the rights to build on the land surrounding the Tennessee Titans' $2.1 billion domed stadium set to rise on the East Bank, according to multiple sources with knowledge of the bid. The four finalists are teams led by Hines, Tishman Speyer, Lincoln Property Co. and The Fallon Co. LLC. Mayor Cooper has said he wants Metro to make a selection before he leaves office, as the East Bank is a central part of the legacy of his four-year term. Nashville voters will elect a new mayor on Sept. 14th.
     
  • Metro Historic Zoning Commission considering allowing 1st/2nd Ave. North structures to add 2-3 stories each in set-back fashion. Needs to be approved by Metro Zoning. Massing renders available.
     
  • The Starr Piano Building (4 stories, 12,500 sq. ft., circa 1889) will now officially be a single short-term vacation rental. There will be one bedroom on each floor, each with a different design theme.  It will likely be listed at $2,000-$3,000 a night  The rental is expected to be listed in the spring of next year.
     
  • Dickerson Flats will be two structures (4 & 3 stories) with 169 affordable housing units on 4.25 acres at 3551 Dickerson Pike. Woodbine Community Organization (WCO) is the developer.  No renderings available.
     
  • Good Time Design is planning a renovation and 3,194 sq. ft. expansion of the former Rebar Nashville site into another nightclub on .34 acre at 1919 Division St.  Construction of the project is valued at $1.7 million. 
     
  • 820 Youngs Lane is a 5 acre site that has an approved SP zoning for 21 three/four story luxury townhomes.
     
  • Vanderbilt University Medical Center has broken ground on a new imaging facility in Bellevue at 8124 Sawyer Brown Rd. The 6,000-square-foot clinic will offer specialty medical services and is expected to be complete in late 2024 or early 2025.
     
  • Metro Planning released its draft concept plan for the revitalization of the 64 acre Global Mall (formerly Hickory Hollow Mall) property. The final concept plan could arrive later this summer and includes spaces for the arts, transit, retail, and more. The multi-phase development would be anchored by a “town square” with ample green space and an “arts way” with a focus on housing for artists, galleries, and startup businesses. The study area spans 350 acres and is based on feedback from community meetings. The plan in its current form looks to incorporate: Transit center;  Existing buildings housing the community center, library, and Ford Ice Center; Mixed-use buildings with housing and ground-floor retail;  Parking garage;  Hotel;  Office and co-working spaces;  Space for performing arts, museums, or other civic use;  Retail, restaurants, and art studios.
     
  • The airport is hiring a consultant to recommend the best place to build a second terminal. Nashville International Airport CEO Doug Kreulen expects to be a decade long process to plan, build and open a terminal. He previously expected to hit 35 million annual passengers in 2035. Last fiscal year's 18.9% growth lopped two years off that timeline, putting the airport on pace for 2033 to reach that benchmark.  At least two options for a new terminal involve land that the authority entirely or mostly owns today. Any option will require some kind of transit or people-mover network linking the two buildings. A new terminal would cost well into the billions of dollars. 
     
  • The Chicago White Sox announce that Nashville may be a possible relocation option if they cannot work out a new stadium deal


    NASHVILLE REMAINS HOT:
     
  • Southwest Airlines furthered its commitment to Music City by announcing the addition of a Crew Base at the airport in the second quarter of 2024.Nashville will become the 12th Crew Base in the Southwest system with approximately 150-250 Pilots, growing to 500-600 Pilots, and an estimated 500-700 Flight Attendants based in the new Crew location beginning in 2024, with continued growth planned.
     
  • Goodlettsville will see a new BJ's Wholesale Club opening in a 103,000 sq. ft. store being built next to RiverGate Mall. About 150 people will be employed.
     
  • Lebanon will see 141 new jobs as Lochinvar LLC announces plans to invest $35 million to expand manufacturing operations at its headquarters. The company specializes in water heating and manufactures residential and commercial equipment. It’s been headquartered in Lebanon since 2001.
     
  • Nashville Downtown partnership released its 2023 report 93% residential occupancy with 17,000 people living downtown.  4,000 units u.c., and 14,400 units planned. Office space at 87% occupancy, with 18.6 million sq. ft. of inventory. Currently 12,072 hotel rooms, with 1,821 u.c., and 22 more planned. 97% occupancy rate in retail, with 3.7 million sq. ft., 336 dining options, 127 shopping, 146 nightlife.  11% national, 20% regional, 69% local. 63 new retail/restaurants opening in 2023.
     
  • Nashville ranked #1 Best Large Housing Market in U.S. by WalletHub.
     
  • Nashville is the No. 1 fastest-growing retail rent market in the U.S., according to Brandon Svec, national director of U.S. retail analytics at CoStar Group. The city’s retail rents have grown more than any other metro in the country over the last five years — and Nashville’s downtown market has been a significant driver in retail rent in the city as a whole. Downtown Nashville’s retail rent prices have seen steady growth over the last 10 years, increasing by 78.5% since 2013, according to CoStar Group data. Nashville far outperforms other major downtown corridors in the U.S. in rent growth — retail rent in Times Square has seen a 30.1% increase and Chicago’s North Michigan Avenue has seen 17.8% in the same amount of time. The No. 1 factor in Nashville’s strong performance in retail, according to Svec, is consumption growth. Another significant factor is low supply and vacancy. Downtown retail vacancy is currently at 2.9%, according to CoStar data.
     
  • Nashville’s 2023 summer tourism season had a strong economic impact on the city.  This June, the 50th CMA Fest generated $74.7 million in estimated direct visitor spending, up from 2022. Hotel rooms sold for the event increased by 3% and hotel revenue increased by 7.4% over the past year.  The average spend in Nashville’s economy per traveling party during CMA Fest was $3,244 and the average length of stay was 4.9 nights, according to a Visitors Corp. survey. The city's July Fourth event brought in $11.6 million in estimated direct visitor spending, up from $11 million in 2022. Nearly 83% of the attendees were from out of town, staying an average of 3.9 nights. The top domestic feeder market was New York. Taylor Swift’s three-night residency at Nissan Stadium generated an estimated $2.2 million in hotel taxes. Saturday night, May 6, had a hotel occupancy of 96%. George Strait’s Nashville performances saw the same strong hotel demand as Taylor Swift’s concert. Ed Sheeran set an attendance record at Nissan Stadium, drawing 73,874 fans to his July 22 performance. The NHL Awards and Draft and SEC Media Days not only brought people to Music City, but gave the city national and global exposure. The 2023 NHL Draft broke the viewership record for the event, peaking at 903,000 viewers.
     
  • Vanderbilt Univ. comes in #14 on "2024 Best Colleges in America" ranking with an overall A+ by Niche website.
     
  • The Nashville Ballet has moved into the Top 25 of Largest U.S. Ballet Companies (#22) for the first time according to Dance Data Project. 164 companies across the country were considered.
     
  • Nashville ranked #13 in the nation out of 299 surveyed for "2023's Best Cities for Soccer Fans" by WalletHub.

    Hope you can join us this Saturday morning at the HealthStream Building in Capitol View or online!

    Here's the map:

Screenshot_20230829-085547.png

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A final reminder that today's Meet-Up from 10 AM to noon will be at  a DIFFERENT LOCATION: 

The HealthStream Building in Capitol View  
Enter thru the parking garage (which is FREE) at 506 11th Ave. North, Nashville, TN 37203
Turn right and park
Text or call 615-300-2448 to have someone escort you into the building and up the elevator.
Bob (LA_TN) will be our host

Here's a map:
 

Meet Up Health Stream Buidling Map.png

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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Oct. 7th, 10 AM to noon; Copper Kettle patio at Downtown Library at 6th Ave. North and Church St.

Our next in-person Meet-Up will be this Saturday, Oct. 7th, from 10 AM to noon Central Time back at The Copper Branch in the NE corner of the Downtown Library Building (at SW corner of 6th Ave. North and Church St.).   

(Ron) and Predsboy18 (Brian) will be arriving early to get tables and chairs set up. 

We should have things set up for folks to participate online via Zoom as well, that will be administered by LA_TN (Bob). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening, Oct. 6th, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.

A full agenda of discussion items will be posted on this thread in a few days.   : )

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NASHVILLE URBAN PLANET MEET-UP AGENDA, OCT 7, 2023

Here's an overview of what can be covered at the Dave Luna Urban Planet Meet-Up IN-PERSON this Saturday,  Oct. 7th, from 10 AM to noon back at our regular location at The Copper Branch inside the Downtown Library (on the SW corner of 6th Ave. North and Church St.).  Smeagolsfree (Ron) and Brian (PredsBoy18) will arrive early to help get tables set up. Bob (LA_TN) will be with us again to serve as our AV tech to get the proceedings  captured for anyone who wishes to attend via Zoom.  Please PM me by Friday evening at the latest if you would like to get the link to join us remotely.

  • Meet any new folks in attendance.
     
  • Get reports from anyone who traveled to other cities in the past month for quick overviews of what they experienced.
     
  • Cranes up: 107 4th Ave. North (1); Chartwell Watkins Apts. (1); Holiday Inn Elliston Place (1)

    Cranes down: WeHo Nashville (1); Belmont Univ. Frist School of Medicine (1); Duke II (1)

    Total cranes currently up in Davidson County:  56.  YTD: 79
  • Topped out: Prime (38 stories); Gulch Union Residential One (29); LOCAL Midtown (15); Canopy Inn/Homewood Suites (11); Chartwell Marathon (7 & 6); Residence Inn MetroCenter (6); Chartwell Watkins (5); Duke II (5); Vandy Basketball Operations (4); Mosaic (4); Fisk Univ. Dorm (4); Clay Street Commons Phase II (3); Clarksville & Bond (3); Crossroads (3); 24th & Simpkins (3); 1102 Buchanan (3); Sunnymeade Commons (3)

    AGENDA:|

     
  • Fallon Company has been chosen by Metro to develop the initial 30 acres around the new Titans Stadium on the East Bank. Formal negotiations between Metro and Fallon will now begin. Metro plans to lease that land to Fallon under a long-term arrangement intended to allow the city to influence what is built on the property. High-end development will be vital to generating the tax revenue needed to repay some of the $760 million Metro borrowed to help fund stadium construction. City officials have stressed the need for affordable housing, mass transit, public parks and other cultural spaces to be included in a revamped East Bank. Fallon is headquartered in Boston and has opened an office in the Gulch. The company has developed a range of projects since opening 30 years ago including the transformation of Boston's Seaport District beginning almost 20 years ago. What used to be no-man’s land is now an area filled with luxury apartments, high-end retail and office space for some of Boston's largest employers.
     
  • A document Fallon submitted to Metro notes the phase one component could offer up to 60 percent of the future residences as affordable. The first building could be fully affordable housing (380 units) with 30,000 square feet of retail. A mid-2027 delivery is envisioned. Subsequent additions during the first phase could include a 40-story hotel with 450 rooms, plus retail; a 16-story hotel with 325 rooms and retail; a building with 550 apartments; 25 of them would be affordable housing units;  a building with 175 apartments, all of which would be affordable housing units. Also in the pipeline is a WeGo transit hub with 380 apartments above it, all affordable housing units. Plans also call for the Tennessee Performing Arts Center to relocate to a site likely near the Korean Veterans Boulevard bridge and the Cumberland River waterfront. Other phases of construction would continue into the early 2030s. Initial mock-up renderings and diagrams available.
     
  • Fallon team are James Corner Field Operations, KPF, and the Nashville offices of Barge Design Solutions, EOA Architects, Holladay Ventures and Pillars Development. Selection of Fallon follows Metro’s having recently awarded HDR Engineering Inc. the contract for “program management for the implementation of the East Bank vision plan,” according to a Department of Finance notice of intent to award document.
     
  • Gulch Union Residential Tower One will now be referred to as Pullman Gulch Union, and is going to be 300 condos instead of apartments. Prices will start in the $400,000 range. Amenities will include a swimming pool, a lounge, shared workspace, a library, game room, two pickleball courts, indoor-outdoor fitness center, outdoor green space and fire pits. Residents will also have access to a dog washing station and a lobby-level coffee shop.
     
  • Update on Davidson Riverview (20 - 7 stories, 1,750 residential units, office/retail, garages):   The stair-stepping of tower heights from west to east. New diagrams, but no renderings yet.
     
  •  Inspiritus will be a $27 million, 5 story, 80 unit residential home for senior and those with disabilities on .71 acre at 1622 Rosa Parks Blvd.  The Lutheran church on the site sold to the Lutheran non-profit ministry in 2022.  A 90 year old sanctuary and adjoining building will be razed for the 18 month construction process. The new building will also include 9,500 sq. ft. social services including a grocery store offering free items (in partnership with Second Harvest Food Bank), a community kitchen, community meeting and educational spaces, a studio for art therapy, and collaborative spaces for local nonprofits. Renderings available.
     
  • TSU is planning a new Food & Animal Science Building, new Environmental Science Building, new Engineering Building, and new Gateway Arch.  Will also be staying priorities for new housing projects. Long-term master plan includes Major Hotel and Conference Center;  Live-Work Development around Athletics Complex; MLB Baseball Stadium on Riverfront; Relocation of Athletics Dept.; Improved Football Facilities; New Football Stadium; Replace Gentry Center; New Ice Hockey Arena; New Baseball Stadium; New Rowing Facility with Boat Slips; New Soccer Complex; New Sand Volleyball; New Indoor Golf Practice Facility; and New Band Facility. No renderings yet.
     
  • Corner Partnership (Mark Bloom and Larry Papel are two primaries)  have purchased 1806-1808 Division St. for $4 million, thus ending Waypoint Residential's plans for a 25 story residential tower.  The latter had never actually purchased the land. Sounds Perfect was the seller. The business entity bought the Midtown property in 2007 for $700,000.   OmniSound Studios will remain in the one story building, likely until early 2024, as the investment group evaluates its plans. The investor group is eyeing the site for a future high-rise opportunity, either a hotel or residential development.
     
  • Alta Lofts on the Levee (5 stories, 325 units, internal garage) is being built on 5 acres at 210 Cumberland Bend Rd. by Wood Partners. They just paid an undisclosed sum to Dore Frog LLC, who had bought it previously in 2020 for $7.1 million. Dynamik Design is the architect; Wood Partners will also serve as the contractor. Rendering available.
     
  • The .38 acre site at 407-409 Russell St. has sold for $1.85 million to hotel developer 3H Group out of Chattanooga.   The Allinder family had bought the land in the early 80s for $60,000.  They recently sold the adjoining lot at 408 Woodland to Sun Development, which plans an 11 story hotel there. No word from 3H Group on what type or size hotel they have planned for the 407-409 Russell site. Since it is smaller than the neighbor plot, this very well could end up being taller (maybe 15 stories?).
     
  • More details for The Pike (six 3-5 story residential buildings, 6 townhome/duplex structures, 15,000 sq. ft. of retail, parking garage, and surface parking) on 12 acres at 1411 Dickerson Pike.  There will be over 600 residential units total. To be put together by a partnership of Aria Development and Wedgewood Avenue Developers, it will also feature a central park, indoor and outdoor dining, a resort-style pool and other amenities. Renderings and diagram available.
     
  • 304 Oldham St. will be the location of a 5 story self-storage building on 1.78 acres being developed by Wedgewood Avenue Investment.  They are seeking a SP rezoning from Metro Planning Commission on Sept. 28th.  The current owner of the site is BFC Properties, and there is a cluster of small nondescript/non-historic structures on the site which hugs the Spring St./Ellington Parkway intersection.  
     
  • 1300 Herman St. (5 stories, 200 units, internal garage) in Marathon Village area will soon get underway. Developer Leftbank Holdings finished the purchase of two former industrial properties at a collective $4.6 million.  Renderings available.
     
  • 4301 Harding Pike will be a 6 story structure that will house a 56,300 sq. foot Kroger grocery store on the ground level, with 5 stories of 236 residential units above, and an internal garage on a 3.97 acre site that was formerly home to Harris Teeter Grocery and once was the historic Belle Meade Theater (the rendering appears to incorporate some of the former theater entrance and iconic signage).  The Kroger will be a relocation from the Belle Meade Plaza, several blocks to the west.
     
  • M2 development scheduled for 1276-1308 4th Ave. South that covers The 1.74 acres will definitely be mixed-use residential (unknown floors or units), and will feature 5,712 sq. ft. of retail.  The working moniker is 1300 4th  Ave. South. No rendering yet.
     
  • Athena at the Park (6 stories, 51 units) is the next stage of the complex that includes the recently finished Odyssey at the Park (6 stories, 75 units--nearly all sold , and ground level retail).  It will sit at the SW corner of the intersection of 31st Ave. North and Parthenon Ave.  A new rendering is available. Eventually the development is planned to include Mosiac at the Park, to be constructed at 3108 Long Blvd. will offer about 50 residences and also stand 5 stories tall.
     
  • Two new projects near the airport will unfold on non-contiguous parcels: one at 801 Royal Parkway and the other at 828 Royal Parkway. The two parcels offer a collective 10.68 acres. A multi-unit residential building is eyed for the 801 Royal Parkway site. That 5.85-acre property currently offers an office building. A hotel is proposed for the 828 Royal Parkway site. That 4.83-acre parcel offers an office building that apparently houses, among others, a Walgreens administrative office.  
     
  • The Taylor will be 90 three story townhomes and one carriage home on 8.9 acres at 115-121 Hart Lane by Legacy South Developers. The development will also feature a pool and community clubhouse and 263 parking spaces. No rendering yet, but a diagram is available.
     
  • 2635 Gallatin Ave. covers 4,900 sq. ft. over its single floor and was built in 1920.  It will soon become Skinny Dennis Honky Tonk that will include a kitchen. Zephaniah Ohora  is the developer. Torode will design the bar space, with MTLC as the general contractor. The space had previously been an auto repair shop and appliance supply store. It will open in 2024. 
     
  • The Riverside along West Trinity Lane and overlooking the Cumberland River has a new zoning SP that passed Metro Council Aug.  The overall site is divided into 8 parcels, building heights up to 25 stories, divided into at least two phases, and anticipates nearly 15 years to complete.  The plan has a set of conditions tied to the approval which addresses the phasing and future coordination of utility and road infrastructure.  Here are a few highlights from the plan approval: SP zoning approval is limited to 5,000,000 sq. ft. of development. Short-term, non-owner-occupied rentals are capped at 125 units per parcel. The total development area allowed for Phase 1 includes up to 1.6 million GSF and 1,100 dwelling units. Phase 1 development may extend over more than one subarea but will be limited to the total GFA and dwelling units outlined. New diagrams available.
     
  • With the opening of the new international facility, BNA officials revealed that they're working to bring six new international destinations:  Amsterdam, Dublin, Frankfurt, Panama City, Paris, and Reykjavik, in addition to additional Caribbean destinations.


    NASHVILLE REMAINS HOT:

     
  • Tanger Outlets Nashville held a job fair Sept. 12th. The outlet mall will employ 1,000+ people in sales, administration, security, etc.
     
  • Clarksville Montgomery County Regional Planning Commission approves Phase 2 of the Hankook Tire America Corp. facility in Clarksville. The South Korea-based business expects to invest $1.6 billion to more than double tire production at its facility in Clarksville.  The expansion will create another 1,200 jobs, bringing their total to 2,150, which is ahead of the 1,800 promised when Hankook's plans were announced 10 years ago.
     
  • Nashville is #15 in U.S. in new apartment construction with 9,000 units under construction according to Axios.
     
  • The final numbers for Tennessee's 2022 tourism have been released, and it was another record breaking year with 141 million visitors generating $29 billion in spending statewide, up 19% over 2021. State and local tax revenue from visitor spending totaled $2.9 billion as Tennessee sits at No. 11 in the country for travel spending. Davidson Country ranked first out of the state’s 95 counties. Visitor spending in Davidson County generated $9.97 billion in state and local tax revenue in 2022, up 35.4% from 2021, and supported 47,046 Davidson County jobs. This spending also generated $1.02 billion in state and local tax revenue.
     
  • Airport had largest August ever with 1,892,457 passengers.  Up 8% from last year.  Through two months of the current fiscal year, airport traffic is 10% higher than the start to the prior year.
     
  • Sunday, Sept. Oct. 1st was largest single day of departing passenger traffic ever at the airport: 42,402.  Over 80,000 total in/out (another record).
     
  • Hardee’s fast food chain will be rolling out Nashville Hot Chicken sandwiches, hot chicken tenders, and hot chicken biscuits in many of their locations spread across 44 states and 39 countries.
     
  • Nashville has been ranked 71st among “The 100 World's Best Cities of 2023” according to a new study by WorldsBestCities website.
     
  • Franklin and Brentwood are listed as two of the “Top 20 Small Cities  To Live In America List for 2023” by WalletHub.

    Hope you can join us this Saturday morning for fun, lively, and informative discussion on all the development in and around Music City!  : )
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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Nov. 4th, 10 AM to noon; Copper Kettle patio at Downtown Library at 6th Ave. North and Church St.
  • 2 weeks later...

Our next in-person Meet-Up will be this Saturday, Nov. 4th, from 10 AM to noon Central Time back at The Copper Branch in the NE corner of the Downtown Library Building (at SW corner of 6th Ave. North and Church St.).   It will be our 18th anniversary for Nashville Meet-Ups!   : )

(Ron) and Predsboy18 (Brian) will be arriving early to get tables and chairs set up. 

We should have things set up for folks to participate online via Zoom as well, that will be administered by LA_TN (Bob). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening, Nov. 3rd, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.

A full agenda of discussion items will be posted on this thread in a few days.   : )

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NASHVILLE URBAN PLANET MEET-UP AGENDA, NOV. 4, 2023

Here's an overview of what can be covered at the Dave Luna Urban Planet Meet-Up IN-PERSON this Saturday,  Nov. 4th, from 10 AM to noon back at our regular location at The Copper Branch inside the Downtown Library (on the SW corner of 6th Ave. North and Church St.).  Smeagolsfree (Ron) and Brian (PredsBoy18) will arrive early to help get tables set up. Bob (LA_TN) will be with us again to serve as our AV tech to get the proceedings  captured for anyone who wishes to attend via Zoom.  Please PM me by Friday evening at the latest if you would like to get the link to join us remotely.-  

INITIAL BUSINESS:

  • Meet any new folks in attendance.
     
  • Get reports from anyone who traveled to other cities in the past month for quick overviews of what they experienced.
     
  • Cranes up: Belmont Univ Caldwell II Dorm (2)

    Cranes down: Chestnut Flats (all 3); Printing House Hotel (1); Neuhoff Plant (1); River North Landings (1 of 2); Signature Music Row (1);  Ballpark Village (2 of 2); 445 Park Commons (1); LOCAL Nashville (1)

    Total cranes currently up in Davidson County: 47    YTD: 79
  • Topped out: 411 Broadway (5); Liviano Nations (5 & 4 stories); 51st & Delaware (3); Oxenfree Townhomes (3); Oceola Townhomes (3); Watts Townhomes (3)


    AGENDA:

     
  • Zach Liff is looking to sell the entire 15.92 acre site on which Cummins Station, the proposed Station District Towers, Cannery Row, etc. reside.
    Numerous groups have already expressed interest in buying the entire property. The value range the firm is hearing from potential buyers is anywhere from $700 million to $1 billion. Liff's firm spent over 20 years assembling the downtown parcels which include three iconic and historic buildings — Cummins Station, a 410,000-square-foot retail and dining hub; the Baggage Building, a 60,000-square-foot office and retail building; and event and performance space Cannery Hall. The assemblage also includes 12.43 acres of developable land. This is the first time the entire property has been available for sale. 

     
  • Paseo South Gulch’s proposed office tower now seems to be downsized from an initial  22 stories to 18 stories in new renderings.
     
  • Roers Companies has decided to ditch the two 30 story tower project (hotel and residential) at 15th Ave. North and Church St. and sell the land for an undisclosed asking price. The other two tower (40 and 36 stories, residential) project they had announced for the properties just to the east at 207-225 14th Ave. North are up in the air.  They still have not purchased that land. 
     
  • Tennyson Germantown will be the name of the 3 story, 16 townhome project by Cottingham Capital Partners/FrontFour partnership on .8 acre at 400 Hume St. Root Architecture is overseeing design; Civil Site Design Group is in charge of land-planning and engineering. They plan to break ground in early 2024, and finished a year after that. 
     
  • After a 3.5 year pause, the Voce Hotel/Residential Tower (25 stories, 194 condos, 116 hotel suites, 60,000 sq. ft. office space, 17,000 sq. ft. retail/restaurant space, 700 car garage) at 1717 Hayes St. will be getting underway in next spring. Condo sales are underway. New renderings available.
     
  • 1300 4th Ave. South residential community is coming into focus. The $42 million project will be 4 stories with 134 units, 5,712 sq. ft. of commercial space, and an internal garage on the triangular, 1.74 acre site. The project is currently in the permitting phase, and the team expects to break ground on Dec. 1st. A 24-month construction timeline is expected, with a late 2025 finish planned.  
     
  • TSU is moving forward with its new  $4.5 million, 3 story, 10,773 square-foot Alumni Welcome Center.
     
  • Harmony Heights will be a 3 story, 17 townhome project at 2000 South Hamilton Rd. in Bordeaux to be co-developed by the Hamilton Group and Bella Cyrus.  A summer 2024 completion is expected. 
     
  • The 3539 Dickerson Pike residential community by Holladay Ventures will cover a total of 36 acres, with 26 of those being green space.  There will be 525 multifamily units (two structures with 450 units/22,000 sq. ft. of commercial space, and a 420 capacity garage, plus 18 single family homes, 12 stacked townhomes, and 45 "tree houses”).
     
  • Shelby Commons is the moniker for the former Navy Reserve Training Center in Shelby Park. It will offer 6,000 square feet of restaurant and retail space, 3,700 square feet of collaborative office space, 7,000 square feet of studio and creative development space, as well as indoor and outdoor gathering spaces. The development will also feature a large venue that will host community events and private rentals for 150-300 guests. Friends of Shelby Park and Bottoms and the Arts & Business Council of Greater Nashville are collaborating together on the project at a cost of $10 million, and are raising funds already.
     
  • Springboard Landings will be a 2 story, 24 unit affordable housing development on 1.27 acres at 7986 Coley Davis Rd. in Bellevue.
     
  • Stacie Flood-Popp is collaborating with local commercial broker Jacob Tippets to develop a 12-acre artist campus at 6842 Highway 70 South in Bellevue It will be called The Radicle — a type of venue the city has never seen. The artist campus will include a 25,000-square-foot main building with flexible open space which can be used for performances and art installations. It will be anchored by a large outdoor amphitheater.

    OTHER TOPICS FOR DISCUSSION:

     
  • If there is to be a rapid transit rail from the airport to downtown, where should the corridor be placed, and where should the terminal be in within the Inner Loop?
     
  • Where do things currently stand on the expansion of the Fairgrounds Racetrack from 10,000 to 30,000 seats and all the improvements needed for it to be NASCAR compliant, as well as neighborhood-friendly?

    NASHVILLE REMAINS HOT:
     
  • Gallatin's Simpson Strong-Tie today announced plans to invest $110 million to expand its Gallatin operations by locating a new facility on Airport Road. The expansion will bring 37 jobs to Sumner County and increase the company’s total number of local employees 250.
     
  • Nashville's retail space is in red-hot demand, and there's a limited supply.  In the second quarter of 2022, retailers in Nashville took over more than 400,000 square feet of space — nearly 40 times more space than was added to the market, according to a Q2 2022 Colliers Nashville retail report. Nashville’s year-over-year rent growth of 11.3% far outpaces the national average of 4.3%, according to Colliers research.
     
  • Nashville leads pandemic recovery across downtowns in major U.S. cities. Philadelphia’s Center City District’s “Downtowns Rebound: The Data Driven Path To Recovery” found Music City to have a 100% overall recovery rate from the pandemic. San Jose was the only other city above 90% recovery.  Nashville also had the highest visitor recovery at 103%, and was found to have one of the highest percentages of jobs in the hospitality industry and worker recovery rate. It was near the middle of the pack in terms of residents who live and work downtown.
     
  • For the third year in a row, Nashville has been ranked as the top market for overall real estate prospects according to a new study by the Urban Land Institute. The Washington, D.C.-based nonprofit, which focuses on real estate and land use, today released its 2023 Emerging Trends in Real Estate Report. 
     
  • Downtown's 37203 ZIP code saw 6,806 new apartments built between 2018-2022, placing it the 4th fastest-growing ZIP code in the country for new apartments.
     
  • 30,000 fans shows up for the first Red Bull Showrun in downtownNashville Saturday, Oct. 14th. 
     
  • Nashville Airport scored quite well in USA Today 10 Best Readers’ Choice Awards for 2023: #5 Best Large Airport; #3 Best Airport Bar: Tootsies; #1 Best Airport Grab-and-Go Food: 400 Degrees; #1 Best Airport for Shopping.
     
  • Two Nashville hotels are among the best in the world for 2024, according to Fodor’s Travel. The Hermitage Hotel and Urban Cowboy Nashville were named to the 2024 edition of Fodor’s Finest: The Most Incredible Hotels in the World. The list includes the top 60 hotels across the globe compiled by Fodor’s editors and writers. This year, the list included only 13 U.S. properties.
     
  • Wine Spectator has named Nashville on its list of 10 Great Destinations for Food & Wine across America. Nashville appeared alongside Seattle, Santa Barbara, Phoenix, Santa Fe, Aspen, Minneapolis, Austin, Miami and The Hamptons. For each city, Wine Spectator spotlights standout hotels, bars and dining options. Sean Brock’s Audrey and Andrew Carmellini’s Carne Mare were the highlights of Music City’s dining scene and for sips, The Electric Jane, Pearl Diver and Rice Vice Sake Bar were named. Noelle Hotel, located at 200 Fourth Ave. N., was the recommended place to stay. 

    Hope you can join us for fun, informative discussion on all the development news in Music City this Saturday at 10 AM.  : )
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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Dec. 2nd, 10 AM to noon; Copper Kettle patio at Downtown Library at 6th Ave. North and Church St.

Our next in-person Meet-Up will be this Saturday, Dec. 2nd, from 10 AM to noon Central Time back at The Copper Branch in the NE corner of the Downtown Library Building (at SW corner of 6th Ave. North and Church St.).   It will be our 18th anniversary for Nashville Meet-Ups!   : )

(Ron) and Predsboy18 (Brian) will be arriving early to get tables and chairs set up. 

We should have things set up for folks to participate online via Zoom as well, that will be administered by Bos2Nash (Craig). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening, Dec. 1st, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.

A full agenda of discussion items will be posted on this thread in a few days.   : )

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NASHVILLE URBAN PLANET MEET-UP AGENDA, DEC. 2, 2023

Here's an overview of what can be covered at the Dave Luna Urban Planet Meet-Up IN-PERSON this Saturday,  Dec. 2nd, from 10 AM to noon at our regular location at The Copper Branch inside the Downtown Library (on the SW corner of 6th Ave. North and Church St.).  Smeagolsfree (Ron) and Brian (PredsBoy18) will arrive early to help get tables set up. Craig (Bos2Nash) will be subbing for Bob (LA-TN) as our AV tech to get the proceedings  captured for anyone who wishes to attend via Zoom.  Please PM me by Friday evening at the latest if you would like to get the link to join us remotely.- 

INITIAL BUSINESS

  • Meet any new folks in attendance.
     
  • Get reports from anyone who traveled to other cities in the past month for quick overviews of what they experienced.
     
  • Cranes up: Madison Apts. at Century Farms (1)

    Cranes down: 200 Broadway (1); 900 @ Cleveland (1); River North (2nd of 2); Canopy/Homewood Suites (1); Station by Alta (3); Clarendale West End (1)

    Total cranes currently up in Davidson County: 40; last month: 47
    YTD: 83

     
  • Topped out: Clarendale West End (6 stories); Station by Alta (5 & 4); Vanderbilt Univ. Power Plant (4); Stainback & Douglas Townhomes (3); 1300 Pennock (3); Starlet East (3); Lischey Townhomes (3); Jones & Chickesaw Townhomes (3); Villas at Lischey (3).

    AGENDA:
     
  • AEG’s 13 story office building in Nashville Yards has signed a huge lease: Creative Artist Agency will occupy 75,000 sq. ft. , that will make the sports and entertainment agency the anchor tenant of the 456,000 sq. ft. building.  They have 130 employees, and will relocate to the new space in late 2025. Also announced is Brazilian steakhouse Fogo de Chao in 8,500 sq. ft. on the ground floor.
     
  • The 101 year old Morris Building at 330 Dr. Martin Luther King, Jr. Blvd. (Charlotte Ave.) is being purchased by Imagine Hospitality to be converted into a boutique hotel.
     
  • The owners of four Second Avenue buildings heavily damaged during the Christmas morning 2020 bombing are offering the properties for sale as they seek to resolve lingering issues related to the buildings and their conservation protections. According to a document filed with the Davidson County Chancery Court, the two ownership entities are asking the court to rule that the nonprofit Historic Nashville, Inc. has “no rights, titles or interests” in the buildings, which offer addresses of 170, 172, 174 and 176 Second Ave. N. All of the owners say that the insurance money they collected from the bombing is not enough to rebuild everything, so they have decided selling is the best option.
     
  • The 8 story Estes Kefauver Federal Building at 801 Broadway (circa 1952 w/ 9 story 1974 annex building to the south) w/ adjoining 4 level garage is being offered for sale at and undisclosed price. Some feel the 3.55 acre complex  should garner at least $30 million per acre.  However, with the future of office usage uncertain and the interiors of the two Kefauver structures being somewhat outdated, it is unclear what price the property could command. Bert Mathews, a partner with the local office of Colliers International, said the GSA will face a challenge selling the property, as will any buyer who must determine whether to repurpose the existing structures or redevelop the site. “The financial markets are difficult right now,” Mathews said. “But with Nashville being the nation’s top real estate market the property could sell faster than it would if it were located in some other city.”
     
  • The sale of the Arnold’s Country Kitchen building at 605 8th Ave. South is off.  Somera Road had planned on buying it to secure most of that block.  Rumors are the Arnold’s may be reopening again.
     
  • 421 Union St. covers 4,536 sq. ft. over its 2 floors and was built in 1901.  It has been renovated as a 5 suite boutique hotel called Note by Mint.
     
  • 1711 Broadway (20 stories, 396 units, 5,900 sq. ft. of retail, internal garage) continues to accrue permits to get started very soon.
     
  • Sinclair (27 stories, 334 units, 31,500 sq. ft. Retail, internal garage) continues to gather permits to break ground soon.
     
  • Reservoir’s Park at Hillside will be two 6 story structures with 420 units. 1201 Hillside will be 5 stories with 257 units.  New renderings available.
     
  • 1514-16 4th Ave. South appears has been purchased by the folks building The Pitch (4 stories, just the south), and they say it will be a complimentary mixed-use project.  More to come.
     
  • Nashville Youth Campus for Empowerment (Davidson County Juvenile Justice) will get started on its series of 5 story structures on 13 acres at 1354 Brick Church Pike will break ground in early 2024, and be complete by mid-2026.  New rendering available.
     
  • Modera Nations (3 buildings, 6 stories, 398 units, ground level retail, internal garage) will start on site work soon the 10.1 acre site at 1650 54th Ave. North. Mill reek Residential is the developer. Architect is Cooper Carey; engineering by Kimley Horn Assoc.; Land planning by Hawkins Parters.
     
  • Toll Brothers at the Nations will feature 2-4 story townhomes with 97 units at 731 41st Ave. North. Rendering available.
     
  • Long Flats will be a 4 story, 5 unit residential project to be developed by Arnold Homes.  Josh Johnson Architecture is in charge of design;   A.L. Wilkinson will oversee landscape architecture;  Harpeth Civil Inc.  is handling engineering. 
     
  • The Prescott Group has announced the results of the Rock Harbor Marina (Rock Harbor) community survey and is moving forward with its redevelopment. The plan is divided into 5 blocks, each with their own design standards.  Some notable proposed uses for the site include multifamily, outdoor music event uses, Hotel, STR, country club, heliport/airport uses, structured parking, and indoor/outdoor amusement.  As it relates to building height overall max heights range from 2–6 stories tall. 
     
  • McEwen Northside in Cool Springs will start work on the next 9 story 300,000 sq. ft. Office structure, as well as another 900 capacity garage.
     
  • Franklin’s Middle Eight project (4 & 5 stories, 15 buildings, 254 acts, 21 townhomes/single family homes, ground level retail, office space, garages), $100million) has earned approval from Franklin Historical Zoning Commission. Will bark ground in early 2025, and have a 2 year build out.
     
  • Brentwood's East Park development will be modernized by Boyle Investment.  The three-building, 167,000-square-foot Class A office complex is expected to receive a hotel, retail, and restaurant uses in a multimillion-dollar revamp. A freestanding, 6,000-square-foot building would be built to bring in restaurant and retail space. One of three buildings, developed in 1974, would be demolished to make way for the hotel. The plan is for Chartwell Hospitality to build and manage a 120-key TownPlace Suites at East Park. It is projected to open in Q3 2024.
     
  • Storyvale will be a 7 phase, 735 home subdivision by Southern Land on 327 acres that will include some commercial space at McFarlin and Fly roads in Nolensville.
     
  • Franklin will see the Wyelea luxury subdivision near the intersection of Mack Hatcher Parkway and Del Rio Pike. It will feature 68 large homes on 600 acres. The lots will range from 1 to 10 acres each.
     
  • Despite the lending slow-down, there is quite a bit of activity going on around town.  Granted, there aren't as many huge projects, but there are still at least 210 developments under construction of mixed-use, retail, office space, and hotels in Davidson County.  And dozens more (some pretty significant) in surrounding counties.
     
  • Bonus discussion topic: where do things stand with the updating of the Fairgrounds Racetrack with NASCAR. Should that fall thru, what are the best uses of that portion of the site?


    NASHVILLE REMAINS HOT:

     
  • Nashville chosen as one of four economic powerhouses (including Miami, Dallas, and Houston) by Barron’s.
     
  • Nashville is highlighted as one of CNBC’s “Cities of Success” TV series. It will be featured Dec. 6th at 9 PM on CNBC.
     
  • Airport set another record for passengers with 2,211,498 in October, up 8.1% from last year.
     
  • East Nashville’s Noko has been named one of America’s top 100 restaurants for 2023 by OpenTable. The Asian-inspired, wood-fired restaurant opened this spring and has a 4.9-star rating on the platform.
     
  • The Twelve Thirty Club and Mimo Restaurant and Bar were featured on CBS Sunday Morning over the weekend as part of the network’s annual “Food Issue."
     
  • NASCAR’s annual awards are happening this week downtown.  Lots of national TV coverage.

    Hope you can join us Saturday morning for informative, fun, and lively discussion on all the development news in/around Music City USA!  : )
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I'm going to send an email about this. But I want to apologize for the technical issues that were had with the virtual meetup. I appears that update emails have not been coming through and as a result the link for the TEAMS meetup (moving away from Zoom) did not get to folks. I believe I found the source of the problem and should have it rectified moving forwards.

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  • markhollin changed the title to The Dave Luna Urban Planet Forum Meet-Up (online, too), Sat. Jan. 6th, 10 AM to noon; Copper Kettle patio at Downtown Library at 6th Ave. North and Church St.
  • 4 weeks later...

Our next in-person Meet-Up will be this Saturday, Jan. 6th, from 10 AM to noon Central Time back at The Copper Branch in the NE corner of the Downtown Library Building (at SW corner of 6th Ave. North and Church St.).   We will be doing an overview of 2023, considering predictions for  2024, as well as getting updates on any new announcements this past month.

(Ron) and Predsboy18 (Brian) will be arriving early to get tables and chairs set up. 

We should have things set up for folks to participate online via Zoom as well, that will be administered by LA_TN (Bob). If you would like to join remotely, please send me your name and e-mail address via private message by Friday evening, Jan. 5th, and I'll get you the particulars for logging on.   We will presume that if you took part any previous virtual meet-ups, that you will be interested again this month...so no need to send your info again (we've  kept it from May of 2020 onward and will include you automatically for this upcoming meeting). Everyone on that list will be getting an e-mail this week with log-in info for remote access.

A full agenda of discussion items will be posted on this thread in a few days.   : )

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NASHVILLE URBAN PLANET MEET-UP AGENDA, JAN. 6th, 2024

Here's an overview of what can be covered at the Dave Luna Urban Planet Meet-Up this Saturday,  Jan. 6th, from 10 AM to noon at our regular location at The Copper Branch inside the Downtown Library (on the SW corner of 6th Ave. North and Church St.).  Smeagolsfree (Ron) and Brian (PredsBoy18) will arrive early to help get tables set up. Bos2Nash and Bob (LA-TN) as our AV techs to get the proceedings  captured for anyone who wishes to attend via Microsoft Teams.  Please PM me by Friday evening at the latest if you would like to get the link to join us remotely. 

INITIAL BUSINESS

  • Meet any new folks in attendance.
     
  • Get reports from anyone who traveled to other cities in the past month for quick overviews of what they experienced.
     
  • Cranes up:  Tennessee Oncology Center (1); Modera SoBro (2nd of 2)

    Cranes down:  Prime (1); Gulch Union Pullman Tower (1); Vanderbilt Tower East Dorms (1 of 2); Chartwell at Marathon (1)

    Total cranes currently up in Davidson County: 37      YTD: 37
     
  • Topped out: 107 4th Ave. North (6); Harmony Heights (4); 1206 Brick Church Townhomes (4); 839 West Trinity (4); Birchstone (4); Baptist World Center/Vashti Townhomes (3); Hampton Corner Townhomes (3); Raven Townhomes, Phase II (3); Hayesboro (3)

    AGENDA:
     
  • Review of 2023.

    Total tower cranes up during the year: 83 (a new record!)

    Previous numbers:
    81 in 2022
    62 in 2021
    51 in 2020
    55 in 2019

    Tall buildings topped out:
    1 of 30-39 stories (1 in ’22)
    1 of 20-29 stories (3 in ’22, 5 in ’21, 8 in ’20; 6 in ’19)
    8 of 10-19 stories (8 in ’22, 6 in ’21, 7 in ’20; 3 in ’19)
    27 of 5-9 stories (24 in ’22, 16 in ’21, 12 in ’20; 14 in ’19)

    Structures announced in 2023:
    50+ stories announced: 0  (0 in ’22, 1 in ’21, 0 in ’20)
    40-49 stories announced: 3    (5 in ’22, 6 in’21, 0 in 2020)
    30-39 stories announced: 3   (21 in ’22,  14 in ’21, 2 in ’20)
    20-29 stories announced: 5   (15  in ’22, 20 in ’21, 8 in ’20)
    10-19 stories announced: 17   (18  in ’22, 19 in ’21, 10 in ’20)
    5-9 stories announced:  39   (46 in ’22,  82 in ’21, 36 in ’20)

    More details will be given on the Top 20 announcements of 2023.

    General 2023 News:

    81 multi-story residential developments announced with over 20,200 units (126 with 34,000 in ’22, 157 with 38,000 units in ’21; 139 with 17,000 units announced in ’20)

    Over 11,500 new multi-family units came on line this year, an all-time high.

    Nashville ranks second in multifamily growth among the country’s largest markets, experiencing a 24.4% increase since 2020.
       
    8 projects each with price tag of more than $100 million finished this year (11 in ’22, 8 in ’21, 7 in ’20, 8 in ’19)

    44 more projects each with price tag of $100 million+ currently underway (43 in ’22, 42 in ’21, 31 in ’20, 27 in ’19)

    13 projects with $100+ million price tags announced (29 in ’22, 24 in ’21, 15 in ’20)

    5,620 new jobs announced in 15 corporate openings, relocations, and expansions in Nashville area (18,450 in ’22, 21,080 announced in ’21; 10,670 announced in '20).

    Nashville Tourism and hotel occupancy set new records in 2023.

    Wall Street Journal declared that Nashville had the hottest job market in the nation in 2023.

    Nashville ranked #1 Real Estate market in America by Urban Land Institute.

    Nashville is #2 in nation in GDP growth in 2023.

    Nashville has the lowest unemployment rate in the country at 2.5% in 2023.

    Nashville area population growths back up to an average of 100 new people per day in 2023.

    Downtown residential occupancy is now at 93% with 17,000 people living in the core. 4,000 more units are under construction, and over 14,000 more are planned.


    Projections for 2024:

    To be topped-out or well underway in 2024:
    60+ stories: 1
    40-49 stories: 3
    30-39 stories: 6
    20-29 stories: 9
    10-19 stories: 13
    5-9 stories: 24
    Titans’ new domed stadium
    East Bank infrastructure


    DECEMBER NEWS:
     
  • Endeavor Real Estate has purchased the 1.18 acre site at 1101 Broadway, which has been home to a 7-eleven for decades, for $31 million.  that works out to $26.27 million per acre and $603 per square foot.  7-Eleven had purchased the property for $7.85 million just 5 years ago. No immediate word from Endeavor on their plans. The site is zoned for structures up to 30 stories tall.  
     
  • Dolly Parton's Dollywood Company has purchased the 211 Commerce St. office building (11 stories, 233,214 sq. ft., ground level retail, internal garage) for $75 million and plans to convert it into a hotel.  No word yet on how many rooms.  It is unknown when work will begin, or what the target date will be for reopening as a hotel. 
     
  • The City Winery building (26,000 sq. ft.) and its 1.56 acre lot at 600 Middleton St. have been sold by City Winery Nashville LLC for $21 million to Bryan Fort and Taylor Preston of Evelyn Capital LLC.  City Winery had bought the site in 2013 for $2.65 million. Ford and Taylor also own two sites (616 Ewing--just to the east across Ewing St.; and 701-717 Ewing--just to the south across Middleton St.) and have been rumored to want to build residential projects.  Now that they own all 3 parcels at the Middleton/Ewing T intersection, it will be interesting to see what they have in mind.  Or perhaps they are. just land-banking  to sell to another developer in the future.
     
  • Universal Music Group (UMG) is planning a $250 million, 4.14 acre film and music studio campus in Berry Hill that will encompass 17 properties  on Columbine Place and East Iris Drive. The project could include 93,500 square feet of studios, 115,000 square feet of education/office space, 3,200 square feet of retail space, 20,500 square feet for two restaurant spaces and four residential dwelling units, dubbed producer cottages. It will also include an expansion of Columbine Park and an educational component to potentially be utilized by area universities, including Middle Tennessee State University.
     
  • 405 Broadway is using "Upbrella technology" that reduces the impact on the traffic-heavy streets around it. Workers use a monorail lift system to haul supplies and equipment to the roof of the five-story bar, restaurant and entertainment complex.  DPR Construction uses a unique scaffolding system to build in the cramped, heavily trafficked environment. 
     
  • First Watch will open a downtown restaurant on Jan. 8th in 4,323 sq. ft. at 130 Third Ave. North in the Commerce Street Center, which recently was purchased by Dolly Parton.  Her plan is most likely to convert the office portion of the 11 story building into a hotel.  The eatery will employ 130 people.
     
  • War Memorial Auditorium (2,000 capacity, circa 1925) is undergoing $106 million in upgrades that should be done by 2026.
     
  • Envision Cayce's (now known as Cayce Transformation) start of Park Point East (4 & 5 stories, 203 units, and 24 townhomes, $86.3 million) got underway with a groundbreaking ceremony today. This portion will be on the north side of Dew St., 1/2 block east of South 6th St. (immediately to the east of the soon-to-be-open Cherry Oaks Apts). This marks the 9th project that has gotten underway within the whole master plan.
     
  • Construction on the Napier and Sudekum public housing redevelopments should also start in the next few years at the same time MDHA is finishing the rest of the Cayce units.
     
  • Odie’s will be a new entertainment bar at 1919 Division St. on the site where Rebar used to be.  The site is now cleared. The name is tied-in to the country group Old Dominion.  Good Time Design is the developer. Should be open by mid-2024.
     
  • 1425 4th Ave. South (5 stories, 131 units, 13,000 sq. ft. ground level retail, 130+ capacity internal garage) should be moving forward via CA South in the 2nd quarter of 2024. 
     
  • 310-312 Donelson Pike will be three stories, and 41 townhomes.
     
  • 2840 Buena Vista Pike will be a 46 unit townhome development on 3.53 acres.
     
  • Drivers using Interstate 24 between downtown Nashville and Murfreesboro will be the first in Tennessee to have paid express lanes available, under a plan the state released mid December. The state Department of Transportation has deemed that stretch of highway as the strongest, "most obvious and best investment" for adding fast-track toll lanes. The state is calling them "choice lanes" because they'll give drivers an option to speed up their trip while keeping the number of existing lanes the same. TDOT also aims to add a toll lane along Interstate 65 South between downtown Nashville and Spring Hill, though it's pursuing the I-24 corridor first. Some other notable Greater Nashville projects include: 1) widening I-24 in Montgomery County, northwest of Nashville; 2) building a bypass on State Route 109 around Portland, "to complete … the corridor improvements”; and 3) replacing eight bridges.
     
  • The Federal Railroad Administration has granted the state of Tennessee $500,000 to join the Corridor ID program to develop a passenger rail from Memphis to Atlanta, according to an announcement from Rep. Steve Cohen's office. The proposed line would connect Memphis, Nashville, Chattanooga and Atlanta, with additional stops along the way. It's the first step toward making a long-sought rail line between Tennessee's biggest cities a reality. 
     
  • Soft drink conglomerate PepsiCo Inc. is eyeing Smyrna for its second-largest distribution facility in the country. The nearly 400,000-square-foot facility will open next spring in the Southpark Distribution Park, off Interstate 24, near Almaville Road. PepsiCo is planning to relocate its existing Nashville distribution warehouse operations, on Thompson Lane, to the new facility.  Side note: This should open up the 10+ acre site where Pepsi currently has their distribution at 715 Thompson Lane, just NE of 100 Oaks Center.

    NASHVILLE REMAINS HOT:

     
  • CNBC's "Nashville: City of Success" one hour documentary that aired several times on the financial network in early December was absolutely stellar.  The best summary of how we have gotten to where we are, what is happening currently, and what the future may hold.  
     
  • Nashville ranked #27 Metro Area in GDP with $187.8 billion (ahead of other larger metros like Cincinnati, Indianapolis, Pittsburgh, Kansas City, Columbus, and San Antonio.
     
  • Nashville ranked #3 in percentage growth of real GDP in 50 largest markets at 6.3% since 2021.
     
  • Nashville ranked #2 in nation in GDP growth for 2022 according to the U.S. Bureau of Economic Analysis, coming in behind Austin and ahead of Orlando. 
     
  • Nashville ranked 12th highest Per Capita GDP in 2022 at $90,616 (ahead of San Diego, Chicago, Minneapolis, Indianapolis, Dallas, Houston, Baltimore, Atlanta, Philadelphia, Charlotte, Cincinnati, Portland, Raleigh, Miami, Columbus,  Kansas City, Cleveland, St. Louis, Pittsburgh, Sacramento, Phoenix, etc.).
     
  • Nashville ranks 4th in the country for corporate HQ relocations in the last 5 years per CBRE. Biggest gainers of corporate HQ relocations: 1) Austin (66); 2) Dallas (32); 3) Houston (25); 4) Nashville (21); 5) Denver (11).
     
  • According to CommercialEdge’s National Office Report, Nashville has nearly 3.15 million square feet of office space under construction or 5.4% of its current office inventory — a rate that’s higher than the national average of 1.5%. Nashville also ranks high, second in the U.S. behind Austin, in the amount of office space in the planning phase. Around 14% of Music City’s existing office inventory is currently being planned and could be hitting the market in the next few years.
     
  • Nashville saw nearly 11,500 new multi-family units come to the market, which is an all-time high for Music City, according to CoStar research. Nashville ranks second in multifamily growth among the country’s largest markets, experiencing a 24.4% increase since 2020 on the heels of Austin’s 25.5%.
     
  • Clarksville and Murfreesboro − have been named two of the 25 most affordable, fast-growing cities to consider in 2024. 
    GOBankingRates looked at the latest American Community Survey data from the U.S. Census Bureau released Dec. 7 to identify the most affordable, fastest-growing cities in America. All but one of the top five most affordable, fastest-growing cities are located in the South, with Clarksville coming in at No. 3.  Clarksville, which tags itself as a city where "historic meets hipster" just 50 miles NE  of Nashville, made No. 3 overall with a surging population and affordable living costs. The population has increased 13.6% from 2017 to 2022, and overall living costs are 89.1% of the U.S. average. Murfreesboro, which has been named the Most Livable Town in Tennessee just 35 miles from Nashville, came in at No. 15. The city showed a population growth of 21.63% from 2017 to 2022 with an average home value of $402,251.
     
  • Rutherford County: Murfreesboro lands on SmartAsset's 25 Fastest Growing Cities list at #17, having grown by 19.1% over five years (162,402 from 136,372) from 2017 to 2022. 
     
  • Wilson County: NewBasis plans to invest $16.3 million to establish operations in Wilson County. The investment will create 249 new jobs. The company, which is headquartered in Riverside, California, manufactures fiberglass and polymer concrete below-ground enclosures and utility pads. The company’s customers include utilities, municipalities and telecom companies.
     
  • Maury County: Mt. Pleasant will see Xxentria investing $45 million and 85 new jobs for a metal composite production facility. This will tie-in with the automotive industry in the midstate. 
     
  • Williamson County: Brentwood will see FreightWise expanding its HQ with a $2 million investment producing 48 new jobs in logistics data.
     
  • Airport had a new November record for passengers at 1,922,406, up 116,000 from last year’s previous record.
     
  • First Horizon Ballpark is listed first in "Best Minor League Ballparks" list for 2023 at StadiumTalk.
     
  • Bridgestone Arena closes out 2023 ranking in the top five U.S. arenas for ticket sales and attendance according to Pollstar and Billboard’s reports and earned a nomination for the Country Music Association (CMA) Touring Award in the Venue of the Year category. With 880,660 tickets sold and $78,515,989.80 in total gross revenue (inclusive solely of show and concert tickets), Bridgestone Arena ranks fourth in the U.S. for ticket sales in Pollstar’s Fourth Quarter Report. Bridgestone Arena ranks behind Madison Square Garden (New York, N.Y.), Kia Forum (Inglewood, Calif.) and Dickies Arena (Fort Worth, Texas) in ticket sales.

    Hope you can join us for informative, fun, and lively discussion on all the development news in/around Music City USA this Saturday morning!  : )
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