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smeagolsfree

Green Hills/Belle Meade Projects

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The Manning (7 and 4 stories, 36 luxury condos) update.   Up to first level on the north end, foundational alls on south end nearly done.

Looking NE from intersection of Woodmont Blvd. and Park Manor Blvd:

Manning, May 23, 2020, 1.jpg


Looking SE from intersection of Woodmont Blvd. and Park Manor Blvd:

Manning, May 23, 2020, 2.jpg

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The massive real estate company that planned on buying all of the Taubman retail centers across the country (including Green Hills Mall) has backed out of the deal.  Simon Property Group is withdrawing its $3.6 million offer citing the pandemic.

"The Covid-19 pandemic has had a uniquely material and disproportionate effect on Taubman compared with other participants in the retail real estate industry," Indianapolis-based Simon said in a news release.

The Mall at Green Hills, which unveiled a $200 million renovation and expansion last year, is among the five biggest shopping centers in Greater Nashville, with more than 1 million square feet of gross leasable area. Simon owns Opry Mills, which also ranks in that top five.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/06/10/simon-property-taubman-centers-green-hills-covid.html?iana=hpmvp_nsh_news_headline

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54 minutes ago, markhollin said:

The massive real estate company that planned on buying all of the Taubman retail centers across the country (including Gree Nills Mall) has backed out of the deal.  Simon Property Group is withdrawing its $3.6 million offer citing the pandemic.

"The Covid-19 pandemic has had a uniquely material and disproportionate effect on Taubman compared with other participants in the retail real estate industry," Indianapolis-based Simon said in a news release.

The Mall at Green Hills, which unveiled a $200 million renovation and expansion last year, is among the five biggest shopping centers in Greater Nashville, with more than 1 million square feet of gross leasable area. Simon owns Opry Mills, which also ranks in that top five.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/06/10/simon-property-taubman-centers-green-hills-covid.html?iana=hpmvp_nsh_news_headline

 

I'm not sure that is a bad thing. Isn't competition good?

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