551 replies to this topic

[ATLBrain]

Looks like legislation will pass this week... this thing is moving forward.  So when this, the HQ hotel, and Gaylord's expansion are underway, Nashville should have over $1 billion in new convention facilities being added.

http://www.tennessea...22047/1001/NEWS

Edited by ATLBrain, 22 May 2007 - 06:53 PM.

[jcoop]

I always get the rumors confused, but can someone please remind me what CC headquarter hotels have been rumored or at least where that property is that they were holding on to in hopes of being able to use it for the headquarter hotel

[ATLBrain]

jcoop, on May 22 2007, 11:09 PM, said:

I always get the rumors confused, but can someone please remind me what CC headquarter hotels have been rumored or at least where that property is that they were holding on to in hopes of being able to use it for the headquarter hotel

I am not aware of any names mentioned as possibilities.  I believe that the hotel is to be a separate project from the CC, and it is assumed that a private developer would jump on board with a simultaneous hotel proposal.  

As far as I know, there has been no property set aside by the Music City Center Coalition specifically for a hotel.  However, at least two prominent names have mentioned interest in building a hotel: Tower Properties and Streuver Brothers et.al..  The former bought the property behind the CMHOF and (I think) the property on the opposite corner of 5th Ave from that parcel.  Of course, Streuver is involved in Rolling Mill and wants to take complete control over the former Sounds site on the river.  

It's interesting that we don't hear from Michael Hayes anymore.  He had mentioned about a year ago that SBER wanted to put up to $500 million into their properties between 1st and 4th.  I'd expect he'd have a wealth of info on SOBRO.

[jcoop]

Quote

However, at least two prominent names have mentioned interest in building a hotel: Tower Properties and Streuver Brothers et.al.. The former bought the property behind the CMHOF and (I think) the property on the opposite corner of 5th Ave from that parcel

That is the one I was thinking of...thanks

[elguapo731]

The lot behind the CMHOF prob won't get a hotel anytime soon.  Over the past couple of months it has been converted into a parking lot.  Work is still being done on the site like planting trees and shrubs.  A truckload of trees were delivered yesterday morning.

Tower owns this surface lot along with the majority of the rest of the land where the proposed convention center will live.  I guess they figure might as well let it make money while things get done on the convention center.  It still has to pass through Metro Councel, then all the pre construction designs and all that work needs to be done, not to mention relocating some people who will be moved, etc.....  Still a long way off from opening doors on this project.

[FromParkAveToTN]

Do you guys think the Thermal site will now be considered for the proposed Convention Center now that the Sounds deal is dead? I think it would be a better location even though I disagree that Nashville needs a 1/2 billion dollar convention center.

[elguapo731]

Thermal site is smaller and from what I understand the study showed the current location was the best and its a monstorus site.  The anchor hotels (private) would also need room, Tower already is primed with thier location....

Thermal Site Oddly shaped 11 acres


Current Site
15 acres to house a 1.2 million-square-foot facility

Here's a bizjournal article about possible hotels
http://www.bizjourna.../27/story1.html

Edited by elguapo731, 23 May 2007 - 02:06 PM.

[ATLBrain]

elguapo731, on May 23 2007, 03:03 PM, said:

Thermal site is smaller and from what I understand the study showed the current location was the best and its a monstorus site.  The anchor hotels (private) would also need room, Tower already is primed with thier location....

Thermal Site Oddly shaped 11 acres
Current Site
15 acres to house a 1.2 million-square-foot facility

Here's a bizjournal article about possible hotels
http://www.bizjourna.../27/story1.html

Good info.  In addition to the commissioned study, the Nashville Civic Design Center also endorsed the proposed site on Demonbreun (between 5th and 8th).  A delegation of civic leaders also went up to DC and studied how its CC was integrated in the city blocks there.  Apparently it's an impressive center that has a concept compatible with SoBro.  

Regarding the failed Sounds BP site, it looks like Purcell wants to get the ball rolling on that before he leaves office:
http://www.bizjourna...yedition.html#1

[elguapo731]

I missed it in the city paper last week but apparently the mayor met with STU Bros last week and Jamenson met with the developers of the BBS-Pinnacle building about the thermal site.  The article stated that the transfer of the site to the parks department will proably be defered in June.  It passed first reading and was to go up for second reading sometime in June.

Looks like we might still see some nice development in the future on that site

[producer2]

elguapo731, on May 23 2007, 10:49 AM, said:

The lot behind the CMHOF prob won't get a hotel anytime soon.  Over the past couple of months it has been converted into a parking lot.  Work is still being done on the site like planting trees and shrubs.  A truckload of trees were delivered yesterday morning.

Tower owns this surface lot along with the majority of the rest of the land where the proposed convention center will live.  I guess they figure might as well let it make money while things get done on the convention center.  It still has to pass through Metro Councel, then all the pre construction designs and all that work needs to be done, not to mention relocating some people who will be moved, etc.....  Still a long way off from opening doors on this project.

Tower Investments is just waiting to see if the Convention Center goes through before they decide what to put on that property. they have said publicly they want to put a hotel, but would consider residential if the center is not built there.

[smeagolsfree]

CC legislation now awaits the Govs. signature. Is this a done deal?

from the NBJ

http://nashville.biz...tml?jst=b_ln_hl

[FromParkAveToTN]

Covention Center breaking news http://nashvillecity...p;news_id=56469

[smeagolsfree]

I think we will not see any movement on the CC until after the election, then maybe it will move forward if they dont study it to death first.

[ATLBrain]

Why do you think that?  Is the election this year or next?  Also, I thought this was essentially the last hurdle before funding.

[smeagolsfree]

Election is this year for mayor and the entire council. I think there is only three months left inthe current term and sometimes they drag their feet and leave major issues for the next council. I hope I am wrong.  They will have to, approve designs, approve budgets for it, hire a contractor, etc etc.

[blueraider86]

Marriott and Tower Investments have been talking. Marriott wants to be the anchor hotel. Tower want's to be the developer. Peabody has also had interest out of Memphis.

[smeagolsfree]

An article from the CP this morning. Cost are going up and time is of the essence. I know producer2 said this was suppose to be open by 2010, but that is just 2 and half years away and there is a lot of work to be done here.

Relocation of the Greyhound terminal
Demolition of existing buildings
Issuing bonds
Design work
Choosing an architect and general contractor

This is just to mention a few areas that will have to be addressed after the cost projections are done. I feel that this will happen but it has yet to be approved by the Metro Council and they really tend to drag there feet.

http://nashvillecity...p;news_id=56524

[smeagolsfree]

Interesting that there is an article in the NBJ about the Metro Council being not so fast to sign off on this. The Reason? They are on the way out and there are a lot of unanswered questions. They are going to leave this one for the next Council session.  I think the 2010 opening date is a long shot and construction cost are rising and that was one of the concerns along with traffic flow problems that have not been addressed.

I really want to see this happen, but we are a long way IMO from starting.

[producer2]

smeagolsfree, on Jun 10 2007, 06:36 AM, said:

Interesting that there is an article in the NBJ about the Metro Council being not so fast to sign off on this. The Reason? They are on the way out and there are a lot of unanswered questions. They are going to leave this one for the next Council session.  I think the 2010 opening date is a long shot and construction cost are rising and that was one of the concerns along with traffic flow problems that have not been addressed.

I really want to see this happen, but we are a long way IMO from starting.

While there may be some posturing on the council to get this approved, a majority of the other areas you have outlined are already way down the pike. Don't be surprised if it does go to the council before August. If it does go it will pass because te votes will already be counted. Let me also restate the dates that I have heard, 2010 for the Gaylord expansion and July 2011 for the downtown center. I am sorry if I stated those incorrectly previously.

Edited by producer2, 10 June 2007 - 07:25 AM.

[Hankster]

producer2, on Jun 10 2007, 07:52 AM, said:

While there may be some posturing on the council to get this approved, a majority of the other areas you have outlined are already way down the pike. Don't be surprised if it does go to the council before August. If it does go it will pass because te votes will already be counted. Let me also restate the dates that I have heard, 2010 for the Gaylord expansion and July 2011 for the downtown center. I am sorry if I stated those incorrectly previously.

It's good news to hear there's so much support for this at Metro Council.  Without a doubt, the CC is one of the most important (if not THE most important)  projects proposed in Nashville at this time.