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Inside 440 - Berry Hill, Midtown, Vanderbilt, 12S, WeHo, Fairgrounds, etc.


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The Hutton Hotel has sold to a trio of investors.

San Francisco-based Geolo Capital is one member of a new ownership group for the 250-room hotel at 1808 West End Ave. The private equity firm's founding partner and director is John Pritzker, a scion of the Chicago-based family that started Hyatt Hotels. Others in the group include BentallGreenOak, which manages $48 billion of real estate worldwide, and New York-based Flank Management LP, which is pursuing two high-rise developments in downtown Nashville.

The trio, operating under the formal entity Button Up Music Row Hotel Owner LLC, announced their all-cash purchase on Wednesday. They did not disclose the purchase price; public records regarding the sale have not yet been filed.

The purchase is notable for several reasons, not least of which is the timing, as Covid-19's economic chaos bludgeons the hotel industry. In a press release, the Hutton's new ownership expressed optimism in Nashville's prospects for recovery.

“We’re believers in the resiliency of the Nashville market and are excited to be partnered with our friends at Flank and Geolo on this investment,” said Mark Van Zandt, managing partner of BentallGreenOak.


More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/06/10/hutton-hotel-sold-pritzker-geolo-music-row-flank.html?iana=hpmvp_nsh_news_headline

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Centennial Flats is a proposed residential complex of 25 units (unknown height) being planned for 2701 Poston Ave., which might entail clearing away the Springwater dive bar/club. The 3 parcel lot also covers 115 27th Ave. North, and has been owned by the Terry family since 1974. Hog Heaven BBQ was also on the site, and recently closed permanently.  Red's BBQ is in that side of the building currently.

Terry could not be reached for comment, and it is unclear if the proposed building would rise only on the surface lot or require demolition of the existing building. 

Civil Site Design is part of the project.  No renderings or further details yet.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21137639/centennial-park-area-could-land-residential-building

 

2701  Poston Ave, June 18, 2020, site.png


This screenshot from Smeagolfree's excellent development map shows the site highlighted in teal at the center of the frame:

2701  Poston Ave, June 18, 2020, site map.png

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Too bad. I'd always hoped that somehow that small block of buildings would be bought by Metro and added to the park and that little building turned into a rustic pavilion. Has a lot of character. Not a fan of having that McDonald's so visible at the edge of such  a beautiful park. 

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2 minutes ago, MLBrumby said:

Too bad. I'd always hoped that somehow that small block of buildings would be bought by Metro and added to the park and that little building turned into a rustic pavilion. Has a lot of character. Not a fan of having that McDonald's so visible at the edge of such  a beautiful park. 

The older I get the less I like the look of any fast food restaurant anywhere.

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On 3/14/2020 at 6:17 AM, markhollin said:

Odyssey at the Park (Four 4 and 5 story buildings,  about 250 units, ground level retail along 31st Ave. North) update.  All structures razed, and fencing up.

Found this ground floor plan in a flyer for Odyssey at the Park on Avison Young's website. I don't think I've seen it posted here yet:

image.thumb.png.a835005673c4ae4f684656d9b5e4661d.png

Comes with some bonus statistics as well. The 2024 projected populations correspond to densities of 6480, 6230, and 4840/mi^2, respectively.

Almost all of the nearby buildings use brick in some form or other, including the new townhouses going up one block over, but I don't see any brick on the very limited renders released so far for this one.

Source: https://www.avisonyoung.us/properties?propertyId=theodyssey-lease

Edited by AsianintheNations
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Owen School of Management at Vanderbilt Univ. continues to generate funding for the $55 million renovation and expansion of its primary building.  Owen Century Partners has committed $13 towards the project. The expansion includes enlarging the Management Hall by 48,000 sq. ft., a 50% increase. William Rawn Assoc. are the architect. Work on the circa 1982 building is supposed to start next spring.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21138312/group-commits-13m-to-vanderbilt-building-update

 

Screen Shot 2020-06-24 at 3.01.52 PM.png

Screen Shot 2020-06-24 at 3.02.00 PM.png

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1010 18th Ave South (one 3 story and two 4 story buildings, 13 condo units) by M Cubed has been granted $4.06 million in permits for construction to commence. Highland Building Group is the contractor. D-ADD is the architect. Finally have a rendering.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21138588/music-row-project-progresses

Screen Shot 2020-06-26 at 2.28.28 PM.png

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50 Music Square West  Tapestry Hotel (9 stories, 185 rooms) deconstruction progress on UA Tower. Down to first floor.

Looking SE from Music Square West (17th Ave. South) at Chet Atkins Place:

50 Music Square West, Tapestry Hotel, July 4, 2020, 1.jpg


Looking NW from alley between 16th and 17th Aves. South, 1/2 block south of Chet Atkins Place:

50 Music Square West, Tapestry Hotel, July 4, 2020, 2.jpg


Looking SW from alley between 16th and 17th Aves. South, 1/4 block south of Chet Atkins Place:

50 Music Square West, Tapestry Hotel, July 4, 2020, 3.jpg


Looking west from alley between 16th and 17th Aves. South, 1/4 block south of Chet Atkins Place:

50 Music Square West, Tapestry Hotel, July 4, 2020, 4.jpg

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