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Davidson West: Bellevue, Bordeaux, Green Hills, MetroCenter, Nations, N Nashville


smeagolsfree

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1 hour ago, smeagolsfree said:

The price is 120 million. I knew it was a pretty hefty price tag.

Any form of air rights project is going to carry a hefty price tag. Just look at the Gulch Pedestrian Bridge (RIP), wasn't that a crazy price tag to get up an over the CSX tracks?  

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A flurry of apartment complexes being bought-up this week.  The most significant is The Knox (eleven 4 story buildings, 300 units more than 90% leased) in MetroCenter, which was just opened earlier this year.  G.W. Williams Co. has purchased it for $119.9 million, which works out to $372,000 per unit---the highest ever recorded for the Nashville area. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/metrocenter-apartments-complex-sells-for-119-9m/article_d174745a-2c44-11ec-8653-c72981523b25.html

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At some point things are going to have to come to a head as far as some of these price points go. Just saying things can’t just continue to go up, up, and up.

Sort of like the hotel valet rates. Most of the hotel rates are like 40 a night. Those are not too far off NYC prices. At some point folks will say thats just too much and the same goes for rents.

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Altitude 41 (3 stories? 241 units? on 23.7 acres at 3465 Dickerson Pike/927 Old Due West Ave.) has landed an $11 million construction loan.  Anthony Cutaia is the developer.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/22/deal-dash-lincoln-property-station-40-upgrades-mor.html

This screen shot from Smeagolfree's excellent development maps shows the site highlighted in teal at the center of the frame:
 

Altitude 41, Oct 22, 2021, site map.png

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44 minutes ago, markhollin said:

Altitude 41, Oct 22, 2021, site map.png

Of no relevance to the development at hand, but it cracks me up that just to the right of this frame, Old Due West Ave (which I think has actually been renamed to Skyline Ridge Dr sometime 2018-2019?) meets (West) Due West Ave at a T-intersection, where Old Due West Ave points Southwest and West Due West Ave points Northwest.

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Silo Studios, the converted 2 story, 80,0000 sq. ft. factory into office space at 5320 Centennial Blvd., has landed Specialty Dental Brands as another tenant, to take up 15,000 sq. ft. with a permit of $1.24 million for buildout.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/permit-patrol-25-october-2021/article_a9336924-350e-11ec-b848-a383bb6ec4e1.html

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Chuy's going to O'Charley's Old location on White Bridge.

https://nashvillenownext.com/2021/10/29/chuys-mexican-food-to-join-raising-canes-on-white-bridge-pike/

This was on D Tracker yesterday, but I have known about this for a while, but was short on the details until yesterday. Not a surprise really. O'Charley's continues to struggle as a chain and probably will not survive. Chuy's took over the Brentwood location as well. O'Charley's has closed like 6 Nashville locations and I see more closing soon. 

As for Chuy's, it's a gamble as well as their food is not any better, IMO, and as a matter fact I think its probably worse. A lot of these chain restaurant just have no appeal to me personally any longer as the food is substandard as is the service. I look for the entire restaurant industry to be totally different in 10 years time. 

The same has happened to Shoney's as well as I don't think there is a Shoney's open anywhere in Nashville and the same is happening to Ruby Tuesday, TGI Fridays, and a number of other fast food and casual dining restaurants.

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On 10/29/2021 at 11:39 AM, smeagolsfree said:

Chuy's going to O'Charley's Old location on White Bridge.

https://nashvillenownext.com/2021/10/29/chuys-mexican-food-to-join-raising-canes-on-white-bridge-pike/

This was on D Tracker yesterday, but I have known about this for a while, but was short on the details until yesterday. Not a surprise really. O'Charley's continues to struggle as a chain and probably will not survive. Chuy's took over the Brentwood location as well. O'Charley's has closed like 6 Nashville locations and I see more closing soon. 

As for Chuy's, it's a gamble as well as their food is not any better, IMO, and as a matter fact I think its probably worse. A lot of these chain restaurant just have no appeal to me personally any longer as the food is substandard as is the service. I look for the entire restaurant industry to be totally different in 10 years time. 

The same has happened to Shoney's as well as I don't think there is a Shoney's open anywhere in Nashville and the same is happening to Ruby Tuesday, TGI Fridays, and a number of other fast food and casual dining restaurants.

Agreed on Chuy's, not sure what the appeal is. We don't have any good Mexican "restaurant" options around here anywhere.

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A Metro Council member and a group of community supporters are one step closer to ensuring Bellevue's former Hutton Stone Quarry never becomes a landfill.

The Metro Nashville Planning Commission voted unanimously on Oct. 28 to recommend approval of a zoning change that would effectively block the site owners' plans to drain the pit and fill it with "clean" rock and soil from construction sites.

The land's owners are pushing for state legislation to nullify several local restrictions that would otherwise prevent the quarry from being filled.

The zoning change will go before Metro Council for its second reading on Nov. 2. If it passes a third reading, the new zoning will prohibit any type of landfill at the site, even if the pending state legislation passes.

More at The Tennessean here:

https://www.tennessean.com/story/news/local/davidson/2021/11/02/metro-nashville-planning-commission-support-hutton-stone-quarry-rezone/6179019001/


 

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