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Nashville Bits and Pieces

news you may have missed

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2216 replies to this topic

#61 MTSUBlueraider86

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Posted 20 February 2012 - 04:44 PM

Glad to have some new people. Try to join us for the March forum meet.

 

#62 arkitekte

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Posted 20 February 2012 - 05:57 PM

Glad to have some new people. Try to join us for the March forum meet.


When will next month's be? If its the 10th then I can probably make it!

#63 smeagolsfree

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Posted 20 February 2012 - 06:15 PM

We always do the first Saturday in the Month, however we do get together from time to time on other Saturday's as well. I will not be in town on the 10th for sure as I will be in Atlanta.

#64 Nathan_in_DC

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Posted 22 February 2012 - 03:24 PM

Looks like the office vacancy rate is going down, and is quite a bit below the historical average at 10.3%:

http://www.colliers....Office_4Q11.pdf

Some interesting points include the fact that Downtown has the highest direct vacancy rate at 18.1%, down from 19.3 in Q3 and 21% in Q1. Green Hills and Music Row have the lowest at 4.5%. West End took a slight hit, going up from 6.6% in Q3 to 6.7% in Q4.

Class A space, the most prestigious high-dollar locations is at a low 6.9%, with an overall average asking rate of $22.57/sqft.

Best quote: “I expect we’ll see a steady increase of
speculative building over the course of the
year,” states managing partner Nate
Greene, CCIM. “This will launch positive
growth that will be great for Nashville’s
economy and with such a strong business
climate already, Nashville is going to really
excel in 2012.”

Edited by Volanova, 22 February 2012 - 03:25 PM.


#65 dmillsphoto

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Posted 22 February 2012 - 03:45 PM

Looks like the office vacancy rate is going down, and is quite a bit below the historical average at 10.3%:

http://www.colliers....Office_4Q11.pdf

Some interesting points include the fact that Downtown has the highest direct vacancy rate at 18.1%, down from 19.3 in Q3 and 21% in Q1. Green Hills and Music Row have the lowest at 4.5%. West End took a slight hit, going up from 6.6% in Q3 to 6.7% in Q4.

Class A space, the most prestigious high-dollar locations is at a low 6.9%, with an overall average asking rate of $22.57/sqft.

Best quote: “I expect we’ll see a steady increase of
speculative building over the course of the
year,” states managing partner Nate
Greene, CCIM. “This will launch positive
growth that will be great for Nashville’s
economy and with such a strong business
climate already, Nashville is going to really
excel in 2012.”


I am hoping that ServiceSource and their 300 jobs for the next year or so can net them naming rights to a building. They will be taking up some of that excess space available downtown.

Also, random note - HCA building a $200M Data Center at the Crossings in Antioch. My selling hat is on, I want a piece of that business. Even if it's just 5%!

#66 Nathan_in_DC

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Posted 22 February 2012 - 07:09 PM

I am hoping that ServiceSource and their 300 jobs for the next year or so can net them naming rights to a building. They will be taking up some of that excess space available downtown.

Also, random note - HCA building a $200M Data Center at the Crossings in Antioch. My selling hat is on, I want a piece of that business. Even if it's just 5%!


I just hope we don't end up with a situation like downtown Charlotte, where you have huge vacancy rates after the Wachovia-Wells Fargo merger. I keep hearing that it's a ghost town down there these days.

#67 timmay143

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Posted 28 February 2012 - 11:07 AM

Baptist Hospital is beginning construction on a new 20,000 sqft wound center at 20th Ave N and Murphy Ave per Channel 4.

http://www.wsmv.com/...ew-wound-center

#68 timmay143

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Posted 28 February 2012 - 03:31 PM

HCA data center going in Antioch.

http://www.tennessea...create-155-jobs

Quick excerpt:

HCA will invest more than $200 million to build a new data center in Antioch and upgrade its technology as part of an expansion that will create 155 jobs over five years, state and city officials said Wednesday.



The Nashville-based hospital chain expects to start building the 96,000-square-foot data center this summer on 55 acres of vacant land that it bought for $2.2 million four months ago.



When the work is done by the end of next year, HCA plans to move a 24/7, 70-employee regional data center there, which now operates from a single floor in an office building at the company’s Nashville corporate campus.


Edited by timmay143, 28 February 2012 - 03:32 PM.


#69 timmay143

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Posted 02 March 2012 - 10:04 PM

Nashville considers 60% tax break for HCA center

http://www.tennessea...reak-HCA-center

#70 BnaBreaker

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Posted 03 March 2012 - 01:26 AM

Nashville considers 60% tax break for HCA center

http://www.tennessea...reak-HCA-center


They should give HCA a tax break only if they consider consolidating their HQ by moving it from the ugly, dated, spread out, low rise buildings in a hidden corner of the city, to a large skyscraper downtown like, say 505CST perhaps? Seems like it'd be a win-win for both the company and the city. I can dream, can't I? :)

Edited by BnaBreaker, 03 March 2012 - 01:27 AM.


#71 timmay143

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Posted 06 March 2012 - 04:54 PM

Good article on the rehab of the octagon building and the man behind it.

http://nashvillepost...s_city_s_growth

#72 smeagolsfree

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Posted 06 March 2012 - 05:18 PM

Kudos to William on that article as well. Good job and looking forward to some really good projects. I spoke to WW about this and he said that developer has his eyes on some other buildings as well.

#73 bwithers1

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Posted 09 March 2012 - 05:31 PM

East Nashville update: 703 Woodland Apartments are facing financing difficulties. I spoke with a person from the Edgefield Neighborhood Association recently, who relayed to me that the 703 Woodland workforce-housing apartment proposal is facing financing difficulties at the moment. Stay tuned.

#74 barakat

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Posted 09 March 2012 - 06:04 PM

The 3000sf condo in the "octagon building" is stll listed for sale, and has been a while. It seems the building's new owner has yet to acquire the condo, and probably doesn't want to pay anything close to the listing price.

http://ww2.villagere...yle_id=DEUTSCHM

#75 Nathan_in_DC

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Posted 12 March 2012 - 02:47 PM

Anyone been keeping up with this? http://www.tennessea...-street-protest

From the way that article reads, Central Parking expanded operations at this facility without taking into account the need for expanded parking or commuter infrastructure, which has led to some pretty terrible situations for the residents and employees alike. On top of that, they have also has seemingly refused to encourage employees to seek alternate transportation via foot, bicycle or shuttle bus:

“Unfortunately, solutions proposed by the neighbors, such as encouraging employees to ride bikes to work or take shuttle buses, would either greatly inconvenience company employees or would create safety issues given the fact the corporate office is right off busy 21st Avenue,” the company said.


Seriously? I know a LOT of people (Vandy students for instance) that commute on 21st and don't use their cars. And while it sucks for the workers (it's not the employees fault their company is this short sighted), I'm in a somewhat similar situation where I live, so I'm very sympathetic to the residents. The apartment I've lived in for the last 4 years was recently purchsed by a doctor, who wanted to move in his practice and merge it with the dentist on the bottom floor. This has turned the parking situation in the building into something unmanageable during the day. Between added employees and patients, and the fact that my car stays there during the day (I take the train to work), has made it so that if I have the day off and need to move my car, I invariably have to go in and get someone who has double parked to move their vehicle.

#76 Nathan_in_DC

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Posted 14 March 2012 - 11:26 AM

Seriously, Atlanta? Figure out an original name for your crappy developments...

https://en.wikipedia...Gulch_(Atlanta)

#77 BnaBreaker

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Posted 14 March 2012 - 01:19 PM

Seriously, Atlanta? Figure out an original name for your crappy developments...

https://en.wikipedia...h_%28Atlanta%29


Ugh, ridiculous. It seems like much of what Atlanta does is based around trying to copy a bigger city or 'one-up' any city that is a threat to it's stronghold on the region.

#78 Lady Celeste

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Posted 14 March 2012 - 02:19 PM

The area has been known as such since the 1920's. I'm trying to understand what all the uproar is about?

#79 dmillsphoto

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Posted 14 March 2012 - 02:48 PM

The area has been known as such since the 1920's. I'm trying to understand what all the uproar is about?


No idea, don't particularly care

However. I don't know what I had hoped for on this piece of land, but c'mon, really? This seems like such a waste, if he in fact puts a station there.

http://www.bizjourna...-nashville.html

#80 Nathan_in_DC

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Posted 14 March 2012 - 03:54 PM

The area has been known as such since the 1920's. I'm trying to understand what all the uproar is about?


My impression was that the name had only recently been applied as a future development location. If that's incorrect, then please forgive my misplaced ire. :)

No idea, don't particularly care

However. I don't know what I had hoped for on this piece of land, but c'mon, really? This seems like such a waste, if he in fact puts a station there.

http://www.bizjourna...-nashville.html


Hmm.... Interesting concept. Wonder if this could have any impact on petty crime in an area if often-robbed convenience stores were replaced with non-staffed ones...




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