Bridgestone HQ 30 stories - 460' | Retail.U/C

[mirydi]

^It's a done deal, trust me, this is absolutely 100% happening. No need to be "cautiously optimistic" as UA would say. Lol! 

[Dale]

Isn't it unusual though to break ground and THEN debate incentives ?

[mirydi]

Ground breaking won't be till the end of the year, very beginning of next year at the absolute latest. Just because a few council members are "uneasy" about the incentives, doesn't mean this won't happen, or isn't a done deal. Those few probably oppose any and all spending anyways. The incentive package will be approved unanimously I assure you. 

[Dale]

Gotcha.

[NashRugger]

Unanimously, I highly doubt because at least one council member will object to such a significant package, but it will pass.

[smeagolsfree]

I think they have it as Sheet Music until an official name change. There have been other projects like that. I knew the first order of business was a lot consolidation. It is going in front of the MDHA design and review board as well today. https://www.nashvillepost.com/blogs/postbusiness/2014/11/18/mdha_to_vote_on_bridgestone_tower_design

 

I think the support in the Metro council is there as Erica Gilmore says on a half dozen do not approve. Its always the same outspoken half dozen.

[Vrtigo]

MDHA approves.

[titanhog]

MDHA approves.

Is that the first confirmation of actual height?  460'

[MLBrumby]

As disappointing as that is, at least there's the JW Marriott to look forward to. That one has been promised as a new tallest. 

Edited November 18, 2014 by MLBrumby

[titanhog]

What's the height needed to break the "flat top" barrier?  Will it have to be 700'?

[Paramount747]

What's the height needed to break the "flat top" barrier?  Will it have to be 700'?

The ATT is 527 right below the spires which are 90 feet. 528 feet would actually be the new tallest. Cannot count the spires.

[dmillsphoto]

Good news, this will be #3 behind 5/3 Center...

[Vrtigo]

The ATT is 527 right below the spires which are 90 feet. 528 feet would actually be the new tallest. Cannot count the spires.

 

Well, technically the spires are architectural elements, unlike the antennae atop L&C. If you ask New York, that counts in its height! Asking Chicago, on the other hand...

[Hey_Hey]

Cannot count the spires.

Don't tell that to 1 WTC!

[titanhog]

So...if we had a building that was actually 600' (no spires or antennae), it would break that barrier, as long as it's at a decent elevation, correct?

 

Surely we'll get close to that with the JWM.

[FromParkAveToTN]

Any idea when they will break wind on the Bridgestone HQ?

[satalac]

Any idea when they will break wind on the Bridgestone HQ?

That's gonna smell...

[Paramount747]

So...if we had a building that was actually 600' (no spires or antennae), it would break that barrier, as long as it's at a decent elevation, correct?

 

Surely we'll get close to that with the JWM.

I think the JWM....if it happens, will be in the 450 range at most. 35 floors at 12 is 420 with a cap could be 450-460.

[mirydi]

I think the JWM....if it happens, will be in the 450 range at most. 35 floors at 12 is 420 with a cap could be 450-460.

That 35 floors was sitting on top of a 4-5 story base. Keep adding...

[fieldmarshaldj]

Any idea when they will break wind on the Bridgestone HQ?

Yeah, they broke wind with the release of that meh design.

[RonCamp]

I am with you in your skepticism.  New workers moving to the area don't necessarily generate additional revenues for Davidson County sufficient to offset the long-term tax forgiveness.  If they all bought houses in Davidson County to generate new residential property taxes and did all of their shopping in Davidson County to boost the local-option sales taxes, that might cover it.  But that is a large number to recover.

 

On a positive note, I learned at Tuesday's MNPS School Board meeting that Bridgestone is making a significant commitment to the Music Makes Us program benefitting a large number of public school students.  This kind of creative mutual benefit public-private partnership arrangement shows promise.

 

It's not a perfect piece, but this article from ULI Magazine over the summer provides a reasonably good overview of TIF for those who may be interested.

 

http://urbanland.uli.org/economy-markets-trends/tax-increment-financing-tweaking-tif-21st-century/

Edited November 19, 2014 by RonCamp

[smeagolsfree]

Here are the numbers for economic impact for the Bridgestone tower. Bridgestone staying vs. leaving.

 

 

From the NBJ

 

http://www.bizjournals.com/nashville/blog/2014/11/study-bridgestone-s-sobro-move-will-add-1-7b-to.html

[Paramount747]

Let's start building!

[smeagolsfree]

Metro has to approve the incentive plan first. They were core drilling on the site today.

[nashmoney]

The overlooked fate of Bridgestone's current Nashville headquarters

 

http://www.bizjournals.com/nashville/blog/real-estate/2014/11/the-overlooked-fate-of-bridgestones-current.html?page=all

 

As the article states, this will help in our recruitment for headquarters and expansions. I think it is a great location with great access to the highway, hotels, oprymills down the road, and of course a skip and a hop from the airport.

 

And with this building having 25k sq ft floor plates, and excellent signage is a big help as well.