NASHVILLE | Development Showcase

[Dr Nevergold]

It is more feasible since apparently individuals in the market for housing are far more reliable customers than the business community. It seems like most office space skyscraper projects have met the most resistance and have been the hardest to build.

But you look at cities like Vancouver or Toronto where the vast majority of buildings are residential to see where a lot of the capital is going to come from to build these buildings. It'll be from individuals making a conscious choice to buy and move into urban housing.

[MIRYDI]

I love the design of the residential tower, and I'm happy at least that one is still on the table, but it's kind of bitter sweet for me knowing that 505CST and the mixed-use version are dead. Those two towers were gorgeous and I was really pulling for one of those.

[MIRYDI]

Progress on the Sounds ball park is moving right along. Grading has been finished and construction is supposed to start in August. Final details about the design are to be released next month.

Nashville Sounds' new First Tennessee Park will begin taking shape in August
http://www.bizjournals.com/nashville...park-will.html

Assuming work stays on track, you should expect to see the Nashville Sounds' new First Tennessee Ballpark taking shape by August.
Ron Gobbell, of Gobbell Hays Partners, the project’s general manager, said rough grading on the site is complete and that he expects to go vertical in August, speaking today at the Metropolitan Sports Authority board meeting.

The ballpark’s design has been approved by the Metropilitan Development and Housing Agency and Gobbell expects final design details to be released next month. When asked about what role Sulphur Dell will play in the new park, now that it’s been named, Gobbell said a design element is being considered near the batter’s eye (the dark green rectangle space behind the center field wall) that would feature the Sulphur Dell name prominently. He also said the greenway, which runs just outside the stadium, will feature Sulphur Dell history, from its Native American roots through its more modern baseball ties.

[Baronakim]

Beginning in August? Construction work (as opposed to excavation) has been going on since the middle of May on the site. There is significant structural concrete already above street level on the north side. I would estimate that significant foundation work is already done or ready to be poured as well as some columns and retaining walls can be seen in place.

[MIRYDI]

Originally Posted by Baronakim

Beginning in August? Construction work (as opposed to excavation) has been going on since the middle of May on the site. There is significant structural concrete already above street level on the north side. I would estimate that significant foundation work is already done or ready to be poured as well as some columns and retaining walls can be seen in place.

The article was just pointing out that the stadium should start taking shape in August. (as in construction of the structure itself)

[MIRYDI]

Yet another top ranking for Nashville. Ironically, every city in the top 10 is a southern city. The South is definitely where it's at these days...

'Forbes' ranks Nashville No. 2 on manufacturing revival list
Magazine says Music City a 'hotbed for foreign investment'

http://nashvillepost.com/news/2014/6...g_revival_list

Forbes magazine has ranked the U.S. big cities that are leading a manufacturing revival nationwide, with Nashville placing second on the list.

Houston ranks No. 1, with Nashville Southern peer cities making the Top 10 including Louisville (No. 4), Birmingham (No. 6), Austin (No. 7) and Fort Worth (No. 10).

“Nashville has become a hotbed for foreign investment in manufacturing, with the expansion of the Nissan facilities in nearby Smyrna, as well as a host of suppliers.”

The list’s release comes as Michigan-based auto components manufacture r Hatch Stamping Co. announced it will open a new facility in Portland creating 101 new jobs in January 2015.

The list, based on 2013 numbers and focusing on post-recession progress that Forbes headlines “America’s New Industrial Boomtowns,” shows the Nashville metro area with a manufacturing employment number of 72,300. From 2008-13, the metro area’s job growth was 6.7 percent, Forbes reports.

[MIRYDI]

Here is an article in the Tennessean talking about the Nashville economy and how it is one of the fastest growing in the country. The article states that Nashville ranks third in the US based on the rate of growth of the Gross Metropolitan Product, (GMP) which measures the value of all goods and services produced within a metropolitan area.

The article also has some pretty cool comparisons of Nashville's GMP to entire states and even countries. Pretty impressive if you ask me.

I love reading stuff like this in the news because it show's just how strong Nashville's economy is and how much it's growing. This definitely bodes well for future development and growth.

Is Nashville the nation’s next $100 billion city?
http://www.tennessean.com/story/mone...city/11097963/

Nashville’s economy ranks as one of the fastest-growing in the country, joining other booming cities like Austin and San Jose, according to a new report on metro economies released Friday and the United States Conference of Mayors.

The city ranks third in the country based on the rate of growth of the Gross Metropolitan Product, or GMP, which measures the value of all goods and services produced within a metropolitan area.

During 2013, Nashville grew its GMP by 4.2 percent, double the national average of 2.1 percent growth. In terms of GMP growth, only Austin, Tex. and San Jose, Calif. beat out Nashville.

Though Nashville's GMP has grown quickly, the city has not yet cracked a total GMP of $100 billion, but that is projected to happen this year, according to the report prepared by by IHS Global.

"Led by $1.4 trillion in New York, the [GMP] of 33 U.S. metros surpassed $100 billion in 2013, as Austin, Columbus, and Sacramento joined that elite club," the report says. "In 2014, we project that Las Vegas and Nashville will as well."

The report also makes some creative comparisons by looking at metro GMPs to those of states and even other countries. For example, Nashville's GMP during 2013 was $96.3 billion. That's slightly less than the African country of Angola, which earned a gross domestic product of $96.6 billion during the same time. The city’s GMP is slightly higher than Slovakia, which had a 2013 GDP of $95.8 billion.

Compared to other states, Nashville's GMP is less than Nebraska's GDP for 2013, which was $101.8 billion, and, more than New Mexico's GDP, which was $82.3 billion.

Nashville's growth reflects an overall national trend: the increasing economic importance of urban areas.

"Metropolitan areas continued to be the beating heart of the US economy in 2013," the report said. They are also growing. Employment in major cities jumped by 1.9 percent in 2013, and 84 percent of the United States population lives in a metropolitan area.

Combined, the nation’s 10 highest-producing metro economies surpassed the output of the 37 lowest-producing states in 2013, according to the report.

[PillowTalk4]

Originally Posted by ariesjow

^ I was just about to post this. Happy to read he's still pursuing the residential tower. Here's another rendering.

If this is built, it clearly will be a bright addition to Nashville's skyline. I too wish it had more of an iconic top, so that it could become the signature building for Nashville. I wonder why he didn't resurrect the look of Signature Tower?

[MIRYDI]

Another tenant announced for Eakins 15 story office tower in the Gulch. Nashville based law firm Neal & Harwell will take up 26,000 square feet.

Neal & Harwell to take space in tower planned for Gulch
http://nashvillepost.com/news/2014/6...nned_for_gulch

Nashville-based law firm Neal & Harwell announced today it will lease space within the 1201 Demonbreun building Eakin Partners plans to develop in the Gulch.

Aubrey Harwell, firm co-founder, said Neal & Harwell will occupy at least one floor (26,000 square feet) of the 15-story building, which will anchor the southwest corner of the 12th Avenue South and Demonbreun Street intersection. The firm is targeting moving to the building, ground for which is slated to be broken this summer, near the end of 2016.

Work on the 300,000 square foot Gulch office tower (see image below) is expected to be completed in early December 2016, at which point Neal & Harwell will relocate. In addition to offices, plans call for retail and restaurant space as well as a green-roof entertainment area with a view of the central business district.

[MIRYDI]

Originally Posted by PillowTalk4

If this is built, it clearly will be a bright addition to Nashville's skyline. I too wish it had more of an iconic top, so that it could become the signature building for Nashville. I wonder why he didn't resurrect the look of Signature Tower?

I agree that some sort of crown would make this already great design even better. I doubt anything is set in stone at this point, and now with the parking garage being built on the site I'm sure there will be some design tweaks here and there. Hopefully though, it gets better and not worse which is always a possibility.

The one thing I wish was different is the massing of the tower. It's a tad skinnier then I would have liked, but unfortunately, that's out of the question now. I was really hoping for the mixed-use design or 505CST as I thought they were not only better designs and more stunning, but the massing of them would have looked sooo much better in the skyline then the residential tower.

[MIRYDI]

On the restaurant front, two more new concepts are coming to Nashville. Urban Stack Burger Lounge and Milk & Honey.

Taco Mamacita owners to launch 2 restaurants
http://www.tennessean.com/story/mone...ants/11286921/

The owners of Taco Mamacita restaurant in Nashville plan to bring two new concepts — Urban Stack Burger Lounge and Milk & Honey — to the bottom floor of the building at 1700 Church St. in March.

Couple Mike and Taylor Monen said it would be the second locations for those two concepts, which they already operate in Chattanooga along with another Taco Mamacita restaurant.

The 8,000 square feet of space they've leased in the 24,000-square-feet warehouse building in Midtown will be converted to restaurant space.

Boyle Investment Co. talks more about the type of grocery store they want for their Capitol View mixed-use project in the North Gulch area. This project is to include 1 million square feet of offices, 1,000 apartments, retail, restaurants, two hotels, a grocery store and a movie theater.

Boyle sheds light on the kind of grocery store it's seeking for its big Gulch project
http://www.bizjournals.com/nashville...store-its.html

Internally, the focus remains getting construction underway for HCA as soon as possible, say Boyle partners Jeff Haynes and Phil Fawcett. Externally, one part of Boyle's plan is drawing a lot of attention: an urban grocery store. That store could be a powerful magnet to attract many more residents to downtown's core. And Capitol View has the potential to supply the rocket fuel for the revitalization that Charlotte Avenue already is undergoing.

Haynes and Fawcett declined to say which grocery chains they're negotiating with; the logical possibilities range from Publix to Whole Foods and beyond. Without expressly ruling anyone in or out, Fawcett dictated the most complete public description yet of what he wants to see.

"To say just, 'We want an organic grocer,' that's not broad enough. It needs those basic services as well," Fawcett said. "It needs the ability to offer the day-to-day grocery shopping experience. It needs to be very strong in prepared foods — at least a to-go component, and maybe offering a cafe. Office workers will prefer that. They'll want to grab lunch and go back up to the office, and also be able to shop there after work. And, we have to be hitting a grocer that offers the products millennials are looking for.

"There’s a residential renaissance downtown. It’s not at critical mass yet, but it’s coming," Fawcett said. "You add first-in-class retail, that is the everyday element people want."
Added Haynes: "The residential density becomes huge, because people want to walk to the grocery store."

That first building, at the corner of Charlotte Avenue and 11th Avenue North, would feature ground-floor retail anchored by the grocery store, which would occupy about 45,000 to 50,000 square feet. The upper floors will be some of those 1,000 apartments. Boyle has brought in Charlotte-based Northwood Ravin to help plan and develop the apartments.
"We're trying to hit millennials and empty-nesters," Haynes said of the apartments. "We're studying the quality and types of units now. I don't think we'll do microunits; Northwestern Mutual is not convinced those are sustainable long-term."

Boyle is co-developing Capitol View with Northwestern Mutual, a longtime institutional investor-partner of Boyle. Boyle is based in Memphis; Haynes and Fawcett opened the Nashville office a dozen years ago.

"It's very rare a developer stumbles into 32 contiguous acres, in the urban core, at the base of the state Capitol, with interstate accessibility and visibility," Haynes said. Boyle signed on in late 2011; since then, the Gulch's growth has only accelerated, and the new ballpark for the Nashville Sounds is being built just a mile away in Germantown.
"You look at all that, plus the central business district, Vanderbilt, Music Row ... we think we'll be the connector for all of that," Haynes said. "We're smack in the middle of it."

[MidTenn1]

This was posted in the Memphis forum; It is a plan for a new 'City Walk' style development out at the Oprymills Mall and Opryland Hotel. This would be a big deal if there is anything to it.



The source link is here.

Don't know anything else about it, but it looks good.

[MIRYDI]

^whoa! That looks pretty awesome! This would be fantastic for Nashville and the Gaylord convention center. A water park, restaurants, retail, amusement park rides, looks like maybe some kind of outdoor music venue, and the icing on the cake is the trolley system. I hope this happens for sure.

Thanks for posting that MidTenn.

[MIRYDI]

A high tech military software firm is relocating to Nashville from Clarksville and will be adding up to 350 jobs. They will be moving into the new 'Sheds' on Charlotte Ave. This is very good news and it sounds like these will be high paying jobs as well.

Clarksville's ForceX moving to Nashville, adding jobs
http://www.tennessean.com/story/mone...sion/11376391/

The Clarksville-based ForceX military mapping software company plans to move its headquarters and its central hub of operations to Nashville by early next year, opening with about 140 employees, but growing to as many as 350 within five years.

With a $1.8 million investment, the move to a new 36,000-square-foot space in The Sheds on Charlotte will help ForceX expand its workforce of mostly software engineers and programmers, said Tracy Guarino, the company's president and CEO. The new location will be at 2200 Charlotte Ave.

"It has been difficult to find software engineers to relocate," she said. "Moving into the Nashville (technology) community allows us a larger resource pool to pull from. We already have people who live in Nashville and are making the commute to Clarksville."

Founded in 2004 by Guarino's husband, Joseph Calabrace, ForceX develops software to assist military air and ground forces in their missions and on the battlefield. Calabrace is a former U.S. Army helicopter pilot. The company began with just three employees and a $60,000 government contract, but now has 120 workers. All of its business now is with the military, but the company is looking to expand into law enforcement and business applications as well, Guarino said.

"I believe Nashville is making such a huge effort to bring the resources to allow for this kind of expansion, and we just want to be part of that growth," said Guarino, who is a certified public accountant with an MBA from Vanderbilt University. "And we're really excited to be in the Charlotte Pike corridor. It's an up-and-coming area."

The proposed lower Broadway Walgreens is dead.

Proposed Lower Broadway Walgreens dead for now
http://www.tennessean.com/story/mone...-now/11388583/




Here is an article about Nashville's growth. Something interesting In the article that I had no clue about was that while Nashville added almost 17,000 people in the past four years, Memphis is actually shrinking. It stated that they lost more than 8,000 people. I was kind of shocked to see that as I always thought Memphis was growing at a significant pace like Nashville was. Anyway's, here is the article.

Nashville area draws newcomers faster than TN
http://www.tennessean.com/story/news...r-tn/11382923/


Another article about it.

Census: Middle Tennessee's population booms
http://www.bizjournals.com/nashville...ion-booms.html

[MIRYDI]

The Ryman Auditorium is getting a $14 million dollar expansion.

Colin Reed details expansion plans for Ryman Auditorium
http://www.bizjournals.com/nashville...for-ryman.html

[MIRYDI]

Some other tidbits from today.

Downtown building slated for condo space
http://nashvillepost.com/blogs/postb...or_condo_space

Another downtown Nashville vintage building will be converted to residential space, as The Tennessean reports a local investment partnership has bought 423 Union St. for $540,000 and will reinvent the structure (seen below in an image courtesy of Google Maps) with two rental condos.

Mathews Co. lands permit for SoBro project
http://nashvillepost.com/blogs/postb..._sobro_project

Work will soon begin on the SoBro building located at 523 Third Ave. S. New owner The Mathews Co. has landed a permit, valued at $2.9 million, for the retrofit project.

Biscuit joint headed to Gulch's Velocity
http://nashvillepost.com/blogs/postb...ulchs_velocity

Biscuit Love Brunch, to be located in Gulch mixed-use building Velocity, will soon open, according to owners Sarah and Karl Worley. The venture is a partnership with Fresh Hospitality, a investment group with a portfolio of restaurants that includes local operations such as Jim 'n Nick's BBQ, Martin's Bar-B-Que Joint, Taziki's Cafe and Padrino's Pops. Biscuit Love Brunch will take the space most recently home to Kocktails & Kouture.

Another brewery opening up. This one is off of Lea Ave in SoBro.

Czann's taproom opens
http://nashvillepost.com/blogs/postb..._taproom_opens

Venerable craft beer master Ken Rebman has opened an small yet inviting taproom at his Czann's Brewing Co. facility, located at 505 Lea Ave. in SoBro, just a block north of Lafayette. Czann's (pronounced "Zahnz") brews three beers (a pale, blonde and IPA) and might just be the most underrated of Nashville's craft beer companies.

Sony Music is moving from Music Row closer to downtown in the Gulch. Eyeing either the 15 story Eakin building starting construction this summer, or the already under construction 8 story Gulch Crossings building.

Sources: Sony Music Nashville looks to leave Music Row
http://www.bizjournals.com/nashville...ave-music.html

Sony Music Nashville, a division of the recording label Sony Music Entertainment, is nearing the sale of its building at 1400 18th Ave. S., sources said. The 81,000-square-foot building was privately listed for sale earlier this year by the brokerage Cassidy Turley, according to a confidential offer memo.
Sony, which is one of country music's most popular labels, is expected to land at least a little closer to Nashville's urban core. The top target is the Gulch, sources said.

Located between downtown and Music Row, the Gulch which will soon be the home of two new office buildings. MarketStreet Enterprises, which pioneered the Gulch's development, is building an eight-story office building. Eakin Partners is set to break ground in August on a 15-story office building.
Eakin already has landed one tenant in the realm of music and entertainment: William Morris Endeavor, which is leaving Eakin's building at the Music Row roundabout for the new Gulch offices.

Sony's current property is appraised at $12.5 million, according to Davidson County records. The building opened as a convent almost a century ago, and was converted to top-grade Class A office space 15 years ago.
Sony occupies about 35,000 square feet of space, not quite half the building's capacity. Other tenants include the concert promoter Live Nation, and also some employees of nearby Vanderbilt University. There are 202 parking spaces.

[MIRYDI]

We might now know what the hold up is on Tony Giarratana's 33 story apartment tower "SoBro". It appears Tony and the developers of the 24hr 3 story diner on the same lot are having a conflict according to this article in the Tennessean.

Metro says work on 24-hour SoBro diner violates code
http://www.tennessean.com/story/news...code/11362385/

Metro, Giarratana: construction of The Diner violating conditions
http://www.bizjournals.com/nashville...the-diner.html

[MIRYDI]

Looking for a place to grab a bite to eat and drink a beer, then go workout, do some yoga, and top it off with doing some rock climbing?... Well...the new climb Nashville has got you covered. I gotta say, this does look like a pretty cool place.

Take a virtual tour of Climb Nashville's colorful new Charlotte Avenue gym
http://www.bizjournals.com/nashville...ashvilles.html



Nashville International airport to start offering non-stop flights to the Bahamas.

BNA to offer Grand Bahama Island service
http://nashvillepost.com/blogs/postb...island_service

Nashville International Airport will service non-stop flights to Grand Bahama Island through Vacation Express starting Aug. 11 and running through Oct. 25.

Xtra Airways, operated for Bahamasair, will use a Boeing 737-400 that seats 150 passengers.

“We are excited about adding a new flight from Nashville; we know this will become a popular destination for the area,” Kevin Hernandez, VE vice president of marketing and sales, said in a release. “We have had requests from many passengers and travel agents who are generally looking for a great deal on a shorter getaway. From luxury hotels and amazing all-inclusive resorts to budget friendly getaways, Grand Bahama Island offers everyone a piece of Caribbean paradise close to home at an affordable price.”

New hotel planned for Jefferson street. Would be the first new hotel on that street in decades.

Jefferson Street may get first hotel in years
http://www.tennessean.com/story/mone...ades/11418383/

The owners of Free At Last Bail Bonding are pursuing plans to build a hotel on property they own on Jefferson Street near the entrance ramp to Interstate 40 across the street from Harper's Restaurant.

This week, Free At Last paid $100,000 for the one-tenth of an acre where the building recently occupied by Eye Catchers Bar & Grill is located at 2615 Jefferson St. Including an adjacent lot, the partnership now owns nearly half an acre and has talked with friends who own adjourning property about becoming part of the hotel project.

If developed, the hotel would be the first on Jefferson between Rosa L. Parks Boulevard and 28th Avenue N. – at least since the late 1960s when the construction of I-40 divided North Nashville and dealt an economic blow to the street that once was the vibrant economic hub of the city's black community, said Sharon Hurt, executive director of community development group Jefferson Street United Merchants Partnership.

Last week, Free At Last sold five vacant parcels totaling three-quarters of an acre for $800,000 to the Metro Development and Housing Agency. The apartments MDHA plans to build would be the first multi-unit residential structure along Jefferson Street between Rosa L. Parks Boulevard and D.B. Todd Boulevard in about 15 years.

[MIRYDI]

The Turnberry project in SoBro plans to 'set a standard Nashville has never seen before'. The $300M dollar development will include a "major high-end national hotel" with 450 rooms, and also a building with 250 condos. The development is said to also include multiple elite restaurants. I can't wait to see some renders for this...

At SoBro site, Turnberry promises to 'set a standard Nashville has never seen before'
http://www.bizjournals.com/nashville...-standard.html

Lifelong Nashville resident Ray Waters promises to raise the bar with a $300 million development he's overseeing in the SoBro part of the downtown core.
"We will set a standard Nashville has never seen before," said Waters, president of Turnberry Associates' hospitality division.

Turnberry, which is based in Miami, is under contract to buy close to 4 acres of property across the street from Music City Center, Nashville's 1-year-old convention center.

Waters said the project will include a "major high-end national hotel" with 450 rooms and meeting space. Turnberry's chairman and CEO told the Miami Herald that a building of 250 condos will be another component.
Waters said multiple elite restaurants will also be part of the project. For a comparison, he referenced a signature Turnberry property: the Fontainebleau, in Miami.

" Look at what's in the Fontainebleau, and you'll see we have relationships with some of the top restauranteurs in America. You don't have to go too far to see that those relationships can move into other cities," Waters said.

Turnberry cannot begin work on its potential site until the current owner, United Methodist Publishing House, finds a place to move. Waters declined to disclose what Turnberry will pay for the United Methodist property, or estimate when the move might occur.

[MIRYDI]

Another apartment development planned for the Gulch, and the developer say's they're looking to make a statement.

Gulch's Icon, Yazoo Brewing getting a new neighbor
http://www.bizjournals.com/nashville...-neighbor.html

A Nashville developer plans a building with retail and condo-quality apartments on land just purchased in the Gulch, one of the city's hottest places to build.
The Mainland Cos. paid $1.2 million for three-tenths of an on Division Street, according to Davidson County property records.

"What we have projected there will be distinct from what you see in the Gulch now," said Jim Cheney, a local spokesman retained by Mainland. I asked Cheney what he meant, and he began talking about the project's scale.
"We're looking for something that makes a statement, but also is not just a big overwhelming building," Cheney said. "We're targeting something a little more private in nature and self-contained."

The land purchase was recorded with the county on June 27. The seller was Michael Lindseth Jr., a senior vice president at Pinnacle Financial Partners. Property records show Lindseth bought the land in 2008 for $264,000.

The property is 1000 Division St. — an address with two notable neighbors.

To the east is Yazoo Brewing Co., a Nashville craft beer maker. To the west is Icon in the Gulch, a combined tower and mid-rise with more than 400 condos.

Cheney declined comment on how many apartments Mainland will build, or how tall the building may be. Cheney also declined comment when asked about the project's financing.
More specifics, and renderings, should be available within the next two weeks, after Mainland wraps up its research and "due diligence" for the property, Cheney said.
The lead architect is DA|AD, of Nashville. The general contractor is SouthLand Constructors, of Brentwood.