Element Music Row | 19 stories, 431 Units | Musica Roundabout

[Paramount747]

Have you considered possibly revisiting your concept of how long it should take for a proposal to rise out of the ground?  I don't mean that in a critical way, it just seems like everytime a building isn't under construction almost immediately after being proposed, you become worried that it might be in jeopardy, when in reality, it just takes a lot of time to get all the behind the scenes details ironed out.

I take your point, but with the Sobro not out of the ground since first announced 2 1/2 years ago, with the 16 year failure with WES, and the failure of Signature, I just don't have much faith on large projects anymore, but I take your point.

[chris holman]

I take your point, but with the Sobro not out of the ground since first announced 2 1/2 years ago, with the 16 year failure with WES, and the failure of Signature, I just don't have much faith on large projects anymore, but I take your point.

All except 1212 in the gulch, that project seem to have a smooth development process, and the tower was built fast,

[smeagolsfree]

I will take exception to that John. The residential component to that project was announced back in 2008 or 2009.

It took a long time for that to get out of the ground. If you remember we were hearing rumors of that tower starting two years before it finally did.

[MLBrumby]

All except 1212 in the gulch, that project seem to have a smooth development process, and the tower was built fast,

 

Of course, that is being done by Ray Hensler, who may be the most successful developer in Nashville, going back decades. He seems to know exactly how to raise a building, and (most importantly) when to strike.  Personally, I know developers of many stripes, and the true "balls to the wall" developers who know the business best also know exactly how to marshal the funds and get the project underway straightaway. They are the ones who become legends in the business. While I don't know Hensler personally, everything I've learned/heard about the man is that he is a hard-nosed, serious, and brilliant developer in the old sense of the word. Independent (as much as possible), visionary and extremely creative in his approach to making things happen, Hensler sticks with what he knows, and makes it work.  He will finish this and move on to the next project.  Compare to certain developers who seem to be better at spray painting X's on pavement and digging very large holes. 

Edited March 17, 2014 by MLBrumby

[captainwjm]

I know Ray and agree completely.

Edited March 18, 2014 by captainwjm

[Paramount747]

I know Ray and agree completely.

He was able to get out of his legal troubles stemming from that incident in a Berry Hill bar/restaurant.  That was probably more of a feat than getting this tower done so quick.

[bwithers1]

He was able to get out of his legal troubles stemming from that incident in a Berry Hill bar/restaurant.  That was probably more of a feat than getting this tower done so quick.

That was a misdemeanor aggaravated assault/disorderly conduct charge.  Nothing to see here.

[Paramount747]

That was a misdemeanor aggaravated assault/disorderly conduct charge.  Nothing to see here.

It was still aggravated assault! In any case. Glad that worked out for him. We need him building towers, not getting arrested!

[fieldmarshaldj]

^Just remember, John, if you ever invite him over to your flat, just hide the wimmin and the Jim Beam.

[samsonh]

They have very much started preparation here. I anticipate quick and efficient construction from this project. Should be very impressive when finished and will change the entire feel of the roundabout.

[smeagolsfree]

They have very much started preparation here. I anticipate quick and efficient construction from this project. Should be very impressive when finished and will change the entire feel of the roundabout.

They pulled a tree removal permit Friday. This project is going to be above grade for the most part. The parking garage , I am told will be 9 floors.

[samsonh]

Yes the trees seem to be gone now. and my guess is the next step is grading the property. I drive by often since I live so close so I will have to provide plenty of update photos as it progresses.

[CenterHill]

They pulled a tree removal permit Friday. This project is going to be above grade for the most part. The parking garage , I am told will be 9 floors.

 

From the renderings, it looks like the parking structure will be to the rear of the project - abutting the Faison blank wall and facing Division.    Is that your understanding? 

[MidTenn1]

The structure on the lower right is to be the garage, I'm sure.

 

 

[CenterHill]

That's the one I'm referring to.    Thanks for posting.  

[bigeasy]

Have they said whether this will be apartments or condos? Last I read it was just stated as "residential"?  I wonder what the price range would be for these? I personally have been looking to move downtown but I am amazed by how much condos cost. I don't know how people can justify spending 180K + for around 1,000 sq ft or so. Then you have the 1212 which is like 500K or so right?

[smeagolsfree]

Right now this project is apartments. If they switched to condos they would have to have pre sales before construction could start in most cases unless they self finance. The 1212 tower switched , but Ray Hensler had to have 35 million in pre-sales in order for the bank to let it switch.

[TMcKay9]

Have they said whether this will be apartments or condos? Last I read it was just stated as "residential"?  I wonder what the price range would be for these? I personally have been looking to move downtown but I am amazed by how much condos cost. I don't know how people can justify spending 180K + for around 1,000 sq ft or so. Then you have the 1212 which is like 500K or so right?

 

You found 1,000 square feet for 180k?  You should have bought that one.  For most of the units over 1,000 square feet you can about double that 180k.

[MLBrumby]

Will be coming out of the ground soon... foundation permit issued, from the Post...  http://nashvillepost.com/blogs/postbusiness/2014/4/9/permit_issued_for_music_row_roundabout_tower

 

 

Edited April 9, 2014 by MLBrumby

[titanhog]

I'm assuming this building is shaped like a "V" or a triangle, right?

[bigeasy]

You found 1,000 square feet for 180k?  You should have bought that one.  For most of the units over 1,000 square feet you can about double that 180k.

 

No I didn't, I was just typing 1,000 because it just hurt internally to type was it really was. Seems to be more like 180K for 650 sq ft. and that is one that needs work. Guess I will stick to living in the burbs

Edited April 9, 2014 by bigeasy

[samsonh]

That's the trade off. You have to live in the burbs where nothing is happening and it's a twenty plus minute ride each way

[bhibbs]

I wonder if this building or the other project behind it will offer public (paid) parking for the bars across the street, they would make a killing if so.

[smeagolsfree]

I wonder if this building or the other project behind it will offer public (paid) parking for the bars across the street, they would make a killing if so.

We can only hope. Interesting there was an article either in the Tennessean or the NBJ quoting the manager at the dan Mc Guinness pub that the guys at the 1505 site closed the lot. Well it was the folks at JE Dunn for the 1515 project. He probably does not realize he is going to have another 5 or 6 hundred customers not to mention the ones that will be at 1505. He also probably does not even know there is an 18 story building even going there.

Surprising how uninformed Nashville citizens are and how disconnected they are with the areas the live and work in.

[Paramount747]

Agreed Ron.