1201 Demonbreun, Eakin Building, 15 stories, 285,000 sq. ft. office space, $97 million

[Vrtigo]

It looks quite "finished" to me... It's a plain brick wall, but the bricks have some texture to them which makes me think it will not be covered with anything else.

[Vrtigo]

View from Demonbreun, as promised:

 

[Neigeville2]

It looks quite "finished" to me... It's a plain brick wall, but the bricks have some texture to them which makes me think it will not be covered with anything else.

 

Yeah, I like it the way it is, I was admiring it the other day as I went by.  Slightly brutal, which I like, especially with the RR tracks.  But it would be an ideal spot for a green wall, perhaps as a future project.

 

[CenterHill]

Yes. Like the vertical garden idea. It will hide the graffiti.

[dmillsphoto]

Yes. Like the vertical garden idea. It will hide the graffiti.

 

Hey now, depends on who the artist is!

[nashmoney]

Eakin inks another tenant for pricey Gulch office building

 

http://www.bizjournals.com/nashville/blog/real-estate/2015/01/eakin-inks-another-tenant-for-priceygulch-office.html

 

"Signage rights for the 1201 Demonbreun are still available. Eakin Partners is pitching that feature to prospective banking and financial tenants."

 

You would think Sony Music would want signage. Hopefully he snags a relocation or expansion and not just a company moving from DT or midtown.

 

This Building is going to Loom large over I-40.

[titanhog]

Guess we can call this the "CapStar Tower" now...

 

http://www.bizjournals.com/nashville/blog/2015/01/capstar-bank-moving-to-gulch-putting-name-on-top.html

[Paramount747]

Good news. They are going to regret this building is not 20-25 stories.

[gannman]

What happened to The Bank of Nashville leasing space in this building?

[dmillsphoto]

What happened to The Bank of Nashville leasing space in this building?

They're in Gulch Crossings

[gannman]

They're in Gulch Crossings

 

I just realized that. Thanks.

[NashRugger]

Good news. They are going to regret this building is not 20-25 stories.

Yep, but the good news is that leaves open the need for more space in a different project elsewhere, in addition to what's on the table for the UMPH site.

[nashvillwill]

I've got to admit, I've never heard of them until now. So this should do wonders for their business.

[NashvilleTaylor]

I think people have been confusing the Eakin with the Gulch Crossings.  The Gulch Crossings is the nearly complete glass building with an entrance on Demunbreun.  Eakin is little more than a hole in the ground at this point (though it has the crane up), right in front of 12/12 at the corner of 12th and Demunbreun. 

[SoundScan]

I love the juxtaposition of this brand new building--demanding the highest office lease rates in town--with that of the glowing neon strip club directly across the street. I'm not even kidding. A little weird perhaps, but then with everything being demolished for new and shiny it's kind of a refreshing sight.

[Jamie Hall]

Any idea what the strip club property is valued at with the rise of property rates in the area? How long can they hold off on selling, anyway?

[titanhog]

I'm also wondering if that old hotel (Comfort Inn?) just across the interstate will eventually sell because of land value.  Great place for another tower (even a more high end hotel).

[farm_boy]

^^ They just finished some remodeling of that Comfort Inn

[Bezoar]

Any idea what the strip club property is valued at with the rise of property rates in the area? How long can they hold off on selling, anyway?

 

From the property assessor website:

Building Value 319,400

Land Value 644,700

Total Value 964,100

Cultural value:  Priceless

[titanhog]

^^ They just finished some remodeling of that Comfort Inn

I know...but it still seems like it may get "out-classed" at that corner...eventually.  I'm sure the owners love being in that location...but I have to think they get offered some heavy coin every now and then.  I doubt it will happen within the next 5 years...but 10 years down the road, I could see it happening.

[titanhog]

Any idea what the strip club property is valued at with the rise of property rates in the area? How long can they hold off on selling, anyway?

I'm hearing the hold-up is that they want $10 Million...all paid in $1 bills.  

[rookzie]

I'm hearing the hold-up is that they want $10 Million...all paid in $1 bills.  

 

Even after this long, they also are doing some awful good bitness (business) ─ I assure you.

 

-==-

Edited January 22, 2015 by rookzie

[smeagolsfree]

Project is above street grade now.

[Paramount747]

Should rise quickly. Possible fly and form project here since its just a box with no architectural features to speak of.

[Vrtigo]

Walked by this yesterday. Visual aid for those in need: