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Looks like Outpost Nashville is finally moving forward. AJ Capital Partners has secured $170 million in financing from AllianceBernstein, as well as apparently a few new investors. The 5.2 acre site at the NW corner of 4th Ave. South and Chestnut St. in WeHo was approved several years ago for 364 residential units, 226,000 sq. ft. of commercial space, and a live music venue, within several 8 story and 2-3 story structures. There would be plaza space and a parking garage as well. Besides the primary site, AJ Partners has also purchased additional properties on nearby Martin and Brown Streets that may end up being part of the development. More details and updated renderings are supposed to be released in the next few weeks. More behind the NBJ paywall here: https://www.bizjournals.com/nashville/news/2019/03/12/developer-lands-170m-loan-tied-to-wedgewood.html?iana=hpmvp_nsh_news_headline And behind the Nashville Post paywall here: https://www.nashvillepost.com/business/development/article/21050322/may-hosiery-site-sells https://www.nashvillepost.com/business/development/commercial-real-estate/article/21050707/may-hosiery-owner-buys-again-in-wedgewoodhouston These are renderings form 2016: This screen shot from Smeagolsfree's excellent development map shows the site highlighted in teal at the center of the frame:
Boutique Graduate Hotel planned for 2000-2006 West End Ave. on the NW corner of West End Ave. and 20th Ave. North (former location of Checkers Drive-In). The co-developer of Thompson Hotel in the Gulch, AJ Capital Partners of Chicago, paid $12.75 million in two purchases that make ip the for the 1.1 acre lot ($289 per square foot). No renderings, specs, or start date yet. Based on sizes of other Graduate Hotels in similar scale markets, I estimate this will be around 12 stories and 200 rooms. http://www.tennessean.com/story/money/2017/06/01/boutique-graduate-hotel-planned-west-end-retail-site/360393001/ Graduate Hotels national website: http://graduatehotels.com/ Here are what some of the other Graduate Hotels look like. It appears that in some cases they refurbish existing properties. In the Nashville case, they will build from scratch: Berkeley, CA: Tempe, AZ: East Lansing, MI: I would be excited if our design is akin to Berkeley, or Richmond, or Seattle.