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  1. nicely done...this past year many of us have tried to make sense of this ambitious project. i've yet to see anyone sum it up quite so well. thanks for posting.
  2. i hadn't heard a figure yet but $50 million for the bridge to nowhere doesn't surprise me. imagine what kind of activity the city could stimulate inside the core with just half of that kind of investment in infrastructure. to think that the city would speculate with that kind of money on such a speculative project is really hard to fathom.
  3. ^ no offense, but it's really kind of silly to suggest, or declare, that there was a market in nashville for a 1200 foot residential tower ten years ago. whatever the market will support today, logic suggests it would have supported much less 10 years ago. that same logic would expect a deeper market 10 years hence. it should not be hard for anyone to agree on this. as to whether the mortgage crunch is to blame for signature's woes one only need drop back about 8-9 months on this thread to see that signature was stuggling with sales, financing and managing its costs (the biggest three iss
  4. hankster, i suspect we may agree on more than you think. let me explain. sprawl is a relative term and it isn't a phenomenon limited only to land outside of davidson county. i've heard local architects and planners talk about how much sprawl we have even within our own downtown. ask most anyone that lives downtown and i'll bet they'd tell you they'd gladly give up half the buildings within downtown if only the remaining 50% could be better oriented or positioned to yield more walkable urbanity (better opportunities for clusters of retail beneath office and residential). now obviously we don't
  5. surely you jest. we're going to save a farm 30 miles from town by paving one that's only 6 miles out ? there are so many reasons to be skeptical about this project i don't quite know where to begin. regardless of whether this farmland is in davidson county it is hardly urban so paving it over will only intensify the sprawl that already exists. ever drive around the perimeter of downtown or through sobro, the gulch, midtown or west end and wonder how long it will take for these areas to grow together ? i don't know what the answer is but it will surely take much longer if we divert resour
  6. ^ i agree with your points but i didn't really see williams' comments as arrogant. the numbers are what they are in terms of population. considering his accomplishments and the prospect of a nashville paper calling him to ask if he was "nervous" about signature, i thought he was quite glib. and again, in retrospect, it seems like he offered tony some good advice.
  7. http://nashville.bizjournals.com/nashville...us7.html?page=1 i doubt it, particulary given the fact that the players in the luxury atlanta market are large enough to devour tony in a single bite. also, as you can see from this article, nobody in atlanta had an epiphany two years ago after seeing siggy unveiled. john williams not only didn't attempt a tower as large there (though mansion at 42 stories is no slouch), he also had this to say about tony's plans 18 months ago: Williams dismisses notions that it makes Atlanta developers nervous to hear of a massive skyscraper being planned in N
  8. you and shuzilla make very good points, franktown. anyone responsible for leasing class a office space knows that nearby executive housing, high end amenities and good schools are essential to attracting interest. although the project appears more thoughtfully designed it is much more remote and removed from these essentials than metrocenter was. but there are other issues that i think we should be considering. metro has recently been warned by the bond rating agencies to cut some of its already approved capital projects. these include infrastructure projects as well as the planned re
  9. practically speaking, this tower would not accomodate class a office tenants, particularly if combined with one or two other uses like condos and a hotel. floor plates, column spacing and elevators would all want to look very different, much more like the version he had with the chicago architect 3-4 years ago. among the challenges is the fact that he's said to now have over $10 million into the sig construction drawings plus marketing costs. scapping those would smart but there is also an ever more crowded field of established class a office developers with what appear to be much more ad
  10. i was also recently there and was equally impressed with the amount of activity, as well as the quality of some of the towers underway in buckhead. the fact that signature would dwarf everything underway right now in this market of 4-5 million was not lost on me. for some that may be exactly why there is so much cheering for signature but for me it was more confirmation that nashville has a very long way to go and many new urban buildings to absorb at all ends of the spectrum before anything so massive (pricing and number of units) will be feasible or to scale here. forgive me for maki
  11. sorry but i don't see foreign investors or middle east lenders coming to st's rescue. and frankly, i think we should probably be asking ourselves if that would be a good thing anyway. in the face of weak demand for this project why should we hope for some unsuspecting debt or equity source to come to the rescue ? wouldn't that just be trading a little more skyline for the potential of a financial disaster in 3-4 years if st collapsed as a failure ? i'd only like to see it built if the developer can reasonably demonstrate there is demand for it. betting wrecklessly on future buyers or exchange
  12. i think you are correct about the hotel simply managing the hotel operation for a fee on the gross revenue generated, but i don't think there is typically a lease involved that would subject the hotel flag to any operational risk. if either tony or alex were able to lease out the hotel to the flags they'd be much closer to their goal of obtaining financing since the banks could underwrite these large companies. regardless of how tony settles on the mix of hotels/condos he will ultimately have to raise the debt and equity to build both. as monsoon mentioned, despite the time and money that h
  13. http://nashvillecitypaper.com/news.php?viewStory=58521 i'm a bit surprised that there wasn't more substance in richard's story. the fact that he plans to reduce the number of condos and increase hotel rooms is hardly suprising given how weak his sales have been. again, i think tony would help his cause greatly if he could be specific about who his lender is and upon what terms they have conditioned their interest. then we could get excited about seeing him get certain milestones behind him.
  14. i think the biggest problem with this project is that after almost 2 years of visibility and marketing only civic cheerleaders and skyscraper geeks seem to want it built. "no construction loan due to not enough sales" really wouldn't be as problematic if it were clear that there would be financing available with sufficient sales. this doesn't appear to be the case and one has to wonder how many of the +/-100 "sales" tony claims to have would/will erode if/when the ultimate lender requires deposits larger than just 5%. as with palmer's wes project i think skeptics would be mostly silenced with
  15. ^ that seems to be a matter of opinion. alex has clearly assumed the risk of digging a big hole but he still appears to be without financing, a major tenant, or any significant presales. i'm not saying he won't get his moon and stars to line up one day but i just don't think wes has all of a sudden become the "done deal" project standard in nashville. this could change the minute he introduces us to his construction lender and confirms he's met all their preconditions for funding but unless i missed a pr release or article i don't think he's done this.
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