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Found 2 results

  1. 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:
  2. Albion Music Row will be made up of two towers (29 stories/340'/452 units and 20 stories/250'/380 units) as well as ground level retail, 25,000 sq. ft. of multi-purpose green space, and two internal garages w/ total of 570 car capacity at 1503-1517 McGavock St. on a portion of the former Beaman Motors site. Albion has not purchased the 5 parcel site yet from Lee Beaman. It sits on the SW corner of McGavock and 14th Ave. South, just west of the I-40/65 inner belt. They will seek a specific plan rezoning as the property slopes downward towards the east at a 30' drop. They also plan to widen the alley behind the property to allow for improved vehicular access. This will result in no curb cuts being needed on McGavock and the opportunity to add a bike lane along the property. Albion will pursue a LEED Silver designation. Hartshorne Plunkard Architecture is designing the buildings, with Barge Cauthen & Associates serving as civil engineer and Hodgson Douglas as landscape architect. More behind the Nashville Post paywall here: https://www.nashvillepost.com/business/development/two-tower-project-eyed-for-midtown/article_c34f4bda-3f48-11ed-8793-9f1c1644044b.html And at NBJ here: https://www.bizjournals.com/nashville/news/2022/09/28/albion-residential-beaman-land.html This screen shot from Smeagolsfree's excellent development map shows the site highlighted in teal at the center of the frame:
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