Buckingham Gulch Tower 38 Floors, 450+ ft., 345 residential units, 4,900 sq. ft. retail

[downtownresident]

At least we are still getting a beautiful SOM design that is taller on the roundabout! 

[PillowTalk4]

14 hours ago, MLBrumby said:

I heard through the legal world grapevine that Buckingham ran into money trouble. They're not a large company and they "bit off more than they could chew".  I think they haven't made any large announcements in years. 

I kinda wish they had never made this announcement....  Oh well,  maybe they'll sell the property and a new developer will see the same potential as  the Buckingham Tower.   I know it's highly unlikely, but maybe a developer will buy the property and the plans and move forward with it.   Hey, there's always a smidgen of hope...

[MLBrumby]

Beautiful building idea. If what I heard is true, then that would explain why this never got built at the most favorable time in the core to build high rise residential buildings. This thing was announced years before the Amazon announcement. 

[nashville born]

1 hour ago, PillowTalk4 said:

I kinda wish they had never made this announcement....  Oh well,  maybe they'll sell the property and a new developer will see the same potential as  the Buckingham Tower.   I know it's highly unlikely, but maybe a developer will buy the property and the plans and move forward with it.   Hey, there's always a smidgen of hope...

That is kind of my thought.  Given the lot size and increased value, perhaps a new developer nabs it and puts something really nice and nice-sized there.

[markhollin]

Latest update is that 2.5 years after they applied for water & sewer availability permits, it is still unclear if Buckingham is ever moving forward on the 38 story tower. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/plans-remain-unclear-for-gulch-project-on-long-term-hold/article_cd753820-d785-11ec-bea3-f35c005a6ebc.html

[nashville born]

This one would have been such a great add...the golden tower...

[Mr_Bond]

Does anyone know what's going on at the Buckingham lot on the southwest corner of 12th Ave S and Division?  All the brush was cleared making it easy to just walk off the cliff in the back where the lot is by the interstate.  I can't imagine this hazard remaining in place for months.

[nashville born]

Please don't get my hopes up again with my greatest disappointment yet...

[smeagolsfree]

Have not heard a peep.

[BnaBreaker]

8 minutes ago, smeagolsfree said:

Have not heard a peep.

Can somebody give the 8 ball another shake?

[East Side Urbanite]

On the Buckingham theme, we sometimes (myself included) get excited about all the projects that are underway and planned — while failing to acknowledge the significant number of those that failed to materialize and those that are likely dead.

Smeags and I have roughly calculated that, over the past 20 years or so, about 75 percent of the announced major projects happened.  And then there were likely 10 percent that failed to happen as planned but were done in some other manner (often by a different developer). And then you have about 15 percent ... nada.

The "dev biz" can be brutal. It's not for the faint of heart, for sure.

[smeagolsfree]

13 hours ago, BnaBreaker said:

Can somebody give the 8 ball another shake?

There have been times I have thrown it on the floor to see if it was still working. This one has always been a puzzle as they own the land, the market is good, it is a great location, yet they let the project die on the vine when the last economic turndown came when Covid hit. Buckingham does not seem to be doing anything right now.

If you look at the company website, there does not seem to be much news since 2000 listed.  Buckingham Companies | Commercial Real Estate & Property Management

[Mr_Bond]

1 hour ago, smeagolsfree said:

There have been times I have thrown it on the floor to see if it was still working. This one has always been a puzzle as they own the land, the market is good, it is a great location, yet they let the project die on the vine when the last economic turndown came when Covid hit. Buckingham does not seem to be doing anything right now.

If you look at the company website, there does not seem to be much news since 2000 listed.  Buckingham Companies | Commercial Real Estate & Property Management

I will walk over and look for other signs of activity.  You know, a Smeags walking tour.

[smeagolsfree]

I did a bit of a driving tour Tuesday..... and yes, I did see some things. I have not taken a walk downtown in about three weeks. I may take another walk this Saturday. Anyone is welcome to join me but be prepared to walk from 3 to 6 miles. You will learn somethings too. If the weather is nice, I will start between 8:30 & 9:00. The rules are if you see something you can't say anything on the board. You will see how I find out how I know about "some" projects months before they happen. I at least get an idea something is up and then I start looking behind the doors and consulting the magic 8 ball.

[smeagolsfree]

All of the brush that was cut was on the state ROW.

[Luvemtall]

Smeags, did you take your walk on Saturday? Was there any signs of things to come? 

[smeagolsfree]

I did, but I didn't see anything I had not already seen. I did walk 7 miles. 

[nashville born]

I'm holding a one man seance for this one this weekend.