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Hey_Hey last won the day on September 20 2015

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About Hey_Hey

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    Nashville, TN

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  1. Nashville Bits and Pieces

    Here are updates on housing starts for selected southern metros and other peer metro areas year to date through August. Nashville continues to punch above its weight. Atlanta - 23,351 Austin - 18,271 Miami - 14,701 Orlando - 13,973 Charlotte - 13,596 Nashville - 13,217 Raleigh+Durham - 12,985 Tampa - 12,681 Portland - 11,273 Jacksonville - 8997 Columbus - 6424 Indianapolis - 5536 Charleston - 5342 Richmond - 4992 Louisville - 4224 Knoxville - 2804 Memphis - 2540 Birmingham - 2125 New Orleans - 2004 Chattanooga - 1917
  2. Urban Planet was quoted in the Tennessean: "From the River North site, Amazon would literally be within walking distance of, not only Germantown via a pedestrian bridge, but also up and coming Cleveland Park and even East Nashville for the more ambitious souls," read a post on the Urban Planet blog. "At the least, they would be a short shuttle, Uber or bike ride away for home for 10's of thousands of their employees. That's better for employees and the planet than shipping them to some distant 'burb, even by train. What other city brings that to the table?" http://www.tennessean.com/story/money/real-estate/2017/10/19/amazons-h-2-q-where-tech-giant-could-land-nashville-area/758222001/ Of course, there isn’t a better source for all things development and build environment related than here, so might as well use it.
  3. Margaritaville Hotel,12 stories, 145 ft., 215 rooms

    I didn't know about the XM Station. Are they hosting one of the SiriusXM stations from the hotel?
  4. West End/Mid Town/Music Row/Vandy Projects

    He crane for The 18th & Chet/Emery office building is being installed currently.
  5. I'm trying to figure out why any developer would want to put a crown on a building. As much as I would want to see a beautiful crown on a building downtown, I also don't see much of a benefit to the developer. Crowns aren't cheap, and I would think that most crowns aren't going to substantially raise the amount of revenue that a building might bring in. If it is expensive and doesn't provide additional revenue, then the conclusion is that there will be fewer profits. Unless a developer has an inherent desire to pay for architectural features for the benefit of the skyline, I just don't see much hope of one happening in the future.
  6. Nashville Bits and Pieces

    They do seem somewhat low for Nashville, assuming the Census Bureau estimates are fairly accurate. By The Census Bureau data, Nashville’s MSA will reach 2 million by 2020. We have been growing at least 35,000 people annually over the last several years which throws their 2030 estimates into doubt. It’s looking like 2030 will have an MSA population of 2.35-2.4 million.
  7. My point is not to say that Amazon isn't heavy in tech. My point is that, at this point, tech is nowhere near the biggest piece of their business. In that way it is similar to a company like HCA. HCA specializes in healthcare delivery, but to do that they are very heavily involved in tech to support the core business. Just compare Amazon to Google (which I think everyone agrees is much more tech centric): Google had annual revenues of $72 billion in 2016 and has 72,000 employees. Amazon had $136 billion in revenue and currently has ~350,000 employees. Amazon doesn't have an additional 278,000 employees that are all working on software and tech gadgets. Those employees are working in the logistics side of the business as well as the retail and customer service side. Amazon now even has TV and movie production in house. Amazon web services makes up only 7.5% of total revenue for the company (although it does make up a majority of profits) and the amazon prime subscription service provided only 1.4% of revenue. The vast majority of their revenue comes from their retail side. Clearly, Amazon has tons of experience in tech. However, at the rate they are growing they could fill HQ2 with 50,000 employees just to support their retail and logistics side. And that's my point. I don't think Amazon has to have a city that has a deep tech bench because going forward they will increasingly spend more and more resources on non tech things. I think that is why a city like Nashville actually has a chance.
  8. I many ways, HCA is as much of a "tech" company as Amazon. People equate Amazon with "tech" because its public face is a website, but the tech really enables them to perform their true function which is retail and logistics. HCA, similarly, has tech that allows them to perform their true function of healthcare delivery. Facebook, Twitter, and Nvidia are more pure "tech" companies than Amazon will ever be, and Amazon will increasingly become less "tech" and more "real world" as time goes on. Amazon is really a merger of FedEx and Walmart. Heck, Amazon has their own airline at this point in addition to their own grocery store chain.
  9. You could also add in the Music City Star commuter rail line. Couple that with an aerial tram or a high frequency extension of the Music City Circuit from Riverfront Station to River North, and there is a perfectly viable mass transit option for those living east of downtown. On paper, Nashville already has mass transit, and in reality it wouldn't take much (in the grand scheme of things) to upgrade the Music City Star to a Metra quality line from Lebanon to downtown. When we're looking at incentive packages in the $5-10 billion range, spending $200 million on making commuter rail truly effective is a pittance. This could be the perfect utilization for aerial trams/gondolas. Connecting River North/Amazon to Germantown with a half mile route and another aerial tram to Riverfront station with a 1.5 mile line would be very compelling IMO. They would bypass traffic and there wouldn't be the added cost of additional bridge spans across the Cumberland.
  10. Nashville International Airport

    I thought we were already short on gates. While five gates in the International Arrivals Building will allow tremendous growth compared to what we have now in international passengers, will the additional six gates at D allow for appropriate domestic growth, especially if we lose a couple from the IAB? I love the interior shots, especially how it subtly references a guitar from the inside and outside. It also strongly reminds me of the Music City Center.
  11. While I admit Nashville is unlikely to be picked for the Amazon HQ2, but I do think the pitch that Nashville can make will be a good exercise into how to draw a very large company into the city. I would love to see our city leaders think outside the box and dream big for the pitch. This is a time that the state will pitch in considerable funds toward the effort. It is very unlikely that the winning package will simply provide $5 billion to Amazon. Instead I see a combination of traditional incentive packages (real estate tax abatement, tax credits per job created, etc) plus educational partnerships and large scale public projects. This is the time that the city could dream big and get the state to pledge funds toward upgrading the Music City Star to function as true commuter transit. They could also pledge funds for LRT to the airport and a north-south LRT line that would abut the River North property. Put Amazon's HQ2 at the center of the upgraded transit offerings but also understand that the proposed lines would provide ideal service to a large chunk of the businesses and residents in Nashville. The very fact that Amazon is seeking a place with mass transit gives me hope that our state leaders see that private businesses are looking for places that are willing to invest pubic funds into infrastructure improvements that support mobility, productivity, and business.
  12. The Gulch Projects

    It could probably be 5 times that if it were leveraged appropriately. ~$20 million in capital leveraged with 80% financing would yield a total budget of $100 million. That does become an interesting conversation to have. $20 million for a bridge or 600 affordable living units downtown? What would be better?
  13. Infill in the Urban Core

    Dale & Associates is a commonly seen engineering firm that helps applicants go through the process of zoning change. Have you spoken with the neighborhood yet? It is an absolute must to get the councilman on board, but council people will bend to neighborhood pressure if the community comes out against it. I have been involved (on the neighborhood side) of zoning changes that have gone down in flames because the developer didn't speak with the neighborhood first. I have also been involved in zoning changes in which the neighbors actually went to the Planning Commission and spoke in favor of a zoning change. When that happens in strong numbers they always get approval. What do you have planned (roughly)? T4 allows up to an RM20 zoning density without an amendment to the land use policy.
  14. The Transportation and Mass Transit Megathread

    Sales taxes the city of Nashville can go up an additional 0.5%. The state sales tax is 7% and the local option is anything up to a maximum of 2.75%. That will likely not be an option for Williamson County, however. WilCo is in the process of raising the sales tax to the max 9.75% (7% state, 2.25% county, 0.5% city) to fund schools. That leaves a property tax increase as the only broad-based, large scale funding source for WilCo, which is really doubtful to pass for the degree of service I expect to see there.
  15. 505 CST - 545 feet - 45 Floors - U/C

    Did I miss something good? Or was it just a political rant?