193 replies to this topic

[East Side Urbanite]

I'm not quite as optimistic as smeagolsfree but I do remain cautiously optimistic for various projects to start by year's end, including Tony G.'s SoBro, Health Care REIT's OneCity and Vision Hospitality's Gulch hotel on Division Street.

WW

[bwithers1]

smeagolsfree, on 22 May 2012 - 06:57 PM, said:

Prediction center says Stand By. Dont know anything solid just a lot of rumors, speculation, and timing involved and some of it may hinge on the Metro Tax increase.. BTW, I didnt hear what happened on the first test of that increase. Anyone care to share.........We have to see what the economy does.

It passed on first reading.  But most all bills do.  The second reading will be more indicative.  Some changes have taken place since the first draft:  the general services district increase will be less than the urban services district (makes sense).  Another factor is that property assessments are scheduled for early next year, so it seems that if overall property values have declined since 2009, that this could eat away at any revenue gains.  Also, the Tea Party et al are officially coming out against the increase.  More worrisome for the Mayor's proposal is that a few council members who ordinarily might support the mayor are running for higher office seats as Democrats and they are opposing the property tax increase because they will get eaten alive by their Republican opponents if they support the tax increase.  This will be a close vote in the end, but I think that it will pass.

[NashRugger]

Per another website, the hotel on Division will be a Fairfield Inn.

[smeagolsfree]

Well if you read other site, then there was a post saying Marriott , Peabody and a few others are still interested in downtown and it could ba a hotel up to 1000 rooms. Also 2 amphitheaters with a house of blues in the mix at the thermal site.

[smeagolsfree]

One other thing here, Westmont apartments on Acklin is going to tear down their existing property and build a 376? (cant remember exact number) unit building and a parking garage. Should be four stories and sholdl stand out on the hill.

[samsonh]

It is becomingly painfully obvious that we are in another bubble, this time apartments. Banks tend to make the same mistakes over and over. I imagine this might continue another year or two(or longer), but this pace of construction cannot continue forever in this economy.

[BnaBreaker]

samsonh, on 23 May 2012 - 02:39 PM, said:

It is becomingly painfully obvious that we are in another bubble, this time apartments. Banks tend to make the same mistakes over and over. I imagine this might continue another year or two(or longer), but this pace of construction cannot continue forever in this economy.

I'm definitely about as far away from an expert as one could get, but it seems to me that if people are looking to downsize from a house to an apartment or condo as a result of the economy, then it seems that it definitely could continue.  Am I off base here?

Anyway, here is another tidbit of news that may have slipped under peoples' collective radar today.  I'm not sure if anyone here are fans of soccer like I am, but there was HUGE, HUGE news in the local Nashville soccer community announced today.  The Harpeth Youth Soccer Association is on the verge of signing a development deal with none other than my favorite club on earth, English Premier League giants and current UEFA Champions League Cup holders, Chelsea FC.  WOW.

http://nashvillecity...sh-club-chelsea

Edited by BnaBreaker, 23 May 2012 - 05:58 PM.

[ariesjow]

Middle Tennessee is at about 95% occupancy for the quarter. It seems like more people are opting to rent these days. Nashville's core neighborhoods have also seemed under-built for years to me.

http://www.bizjourna...ncy-climbs.html

Edited by ariesjow, 23 May 2012 - 07:16 PM.

[smeagolsfree]

Sevier Park community center to start thsi summer. Another plus for the 12 south area

http://www.tennessea...s|text|Davidson

Rendering form EOA

http://www.eoa-archi..._sevier_01.html

[James Owen]

There appears to be some new construction going on at the corner of Charlotte Pike and American Road (on the same lot as NTB), but it's a very small parcel to build on. Any ideas on what it could be?

[timmay143]

For those of you interested and those who qualify, here is a survey I saw on FB from the Downtown Nashville FB page, http://www.facebook....wntownNashville.

Quote

Thank you for choosing to live in beautiful downtown Nashville! Also, thank you for taking the time to complete this survey. The survey results help us plan downtown initiatives each year. Once you complete this survey, you will be able to complete another short form to enter a drawing. Five winners will receive a $50 gift certificate to the downtown restaurant of their choice. Your contact information will NOT be tied to your survey answers.

This survey contains around 50 questions, but only takes seven minutes to complete.

http://www.surveymon...sidentialsurvey

[e-dub]

filled mine out earlier this week. i wondered how they got my email address, but happily filled it out.

eric b

[MTSUBlueraider86]

samsonh, on 23 May 2012 - 02:39 PM, said:

It is becomingly painfully obvious that we are in another bubble, this time apartments. Banks tend to make the same mistakes over and over. I imagine this might continue another year or two(or longer), but this pace of construction cannot continue forever in this economy.

Rental buildings are a lot easier to finance because they have constant cash flow. No-one has to get a mortgage, and developers do not have to pre-sell units to get financing. These apartments they are building will lease out very fast, especially with the under 30 demographic. Vanderbilt, Belmont, and Lipscomb students are not going back home after graduation.  They are staying. The demand for rental units across the country in the urban core has skyrocketed to use an outdated term, and will continue to do so. I bet Tony starts The Sobro this fall instead of the end of the year. The demand is there.

[smeagolsfree]

More Restaurants coming to the gulch.

http://www.bizjourna...e-trendy-m.html