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markhollin

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6 hours ago, MLBrumby said:

This bodes well for the Ritz twins getting built.  I can't help but think the appeal here comes (in large part) from "high-wealth" people moving from higher cost of living locations.

I just don't think these are your run-of-the-mill STR units. 

I have to think a decent portion is wealthy suburbanites seeking true luxury places downtown, along with celebrities wanting a building that would protect some privacy. The prices and HOA fees in this building are very steep, so it will attract a buyer that has options and wants this particular spot. I’m sure the units are not allowed to be short term rented by the HOA master documents.

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    • By markhollin
      Zach Liff's DZL Management along with partner developer Draper &  Kramer have unveiled ambitious plans for the Cummins Station area properties that cover 13 acres, most of which are surface lots surrounding the iconic massive office space converted from a railroad warehouse.

      Eventually, it could end up being as many as 8 towers. The initial foray will be a series of 31-34 story towers along the east side of the CSX tracks in the Gulch, bordered by Demonbreun St. on the north and Cannery Row on the south.

      Smith Gee Studios and Solomon/Cordwell/Buenz will be the architects.

      A Set. 2019 groundbreaking is planned for Tower 1. 

      No price tag has been put on the project. 

      More behind the Nashville Post paywall here:

      https://www.nashvillepost.com/business/development/article/21045564/huge-project-could-complement-cummins-station

      And behind theNBJ paywall here:

      https://www.salsarestaurantnashville.com/

      This is the Phase 1 Tower, which will be just to the southeast  of Cummins Station, hugging the CSX tracks to the west, and just to the northeast of the proposed Gulch Pedestrian Bridge on the west side of the intersection of 10th Ave. South and Lea Ave.  It will be 31 stories/369' tall, with 333 residential units, 10,200 sq. ft. of ground level retail, and a 360 capacity parking in a garage within a 7 story pedestal.




       
       
       

       






      Tower 2 will be nearly a twin of Tower 1, just to the south,  with its southern border the Cannery Row area.  It will also be residential in focus at 31 stories with a 360 capacity garage.

      Towers 3 & 4 will each be 34 stories.  #3 will feature a hotel as well as residential, and #4 will be residential.  Each will feature garages that will hold a minimum of 420 cars. 
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      This is a massing render of Tower 3 (hotel/residential) looking east along Demonbruen Street Viaduct:



      Massing render of Towers 1-4 looking east:



      Diagram of full Station District on the 13 acre Cummins Station campus:

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