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markhollin

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4 hours ago, Tim29tn said:

The little sliver shouldn't even be a make or break in this. It'll be the owner of that little piece that takes a huge hit if he/she wants to keep being a jackass. Build this thing with or without it, it's time for the other party to "call the bluff" considering they're the ones in control of the situation. 

This is why I wonder if some other entity came along and offered the seller some outrageous price to sell to them to keep this project from happening and the seller is doing all they can to get out of this first contract.

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From Nashville Post:

Judge to hear dispute involving two-tower project eyed for SoBro

A local judge has set a Jan. 16, 2018, start date for a trial that could impact a two-tower $350 million project in SoBro, Nashville Business Journal reports.

Second Avenue Partners LLC had been under contract to pay $4.17 million for a 0.14-acre parking lot owned by Atlanta-based Belle Meade Investments and that is a small, but key, portion of the overall footprint eyed for the mixed-use project.  The parking lot has an address of 134 Second Ave. South. 

SAP still has a contract to buy from locally based real estate investor Jack May the remainder of the city block home to Market Street Apartments.

The project would feature two high-rises (the tallest rising more than 450 feet), with one tower to offer 142 condominiums and the other to offer 265 apartments. The towers would sit atop a horizontal building likely to offer a high-end hotel.

 

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1 hour ago, BnaBreaker said:

Oh my COD, I want to TROUT it from the rooftops... this GROUPER of folks better cut the CARP and stop FLOUNDERing and give us a CONCH-clusion that appEELS to us, because if they SMELT under pressure and SALMON the breaks and allow there to be a court HERRING on this, I swear I'm gonna comb my MULLET and PERCH myself outside their doors in protest even if I'm the only SOLE there, and if I have to, I don't mind getting ROUGHY with them.  

Okay that's enough of that, I think.  :P

I lobster and never flounder....

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2 hours ago, BnaBreaker said:

Oh my COD, I want to TROUT it from the rooftops... this GROUPER of folks better cut the CARP and stop FLOUNDERing and give us a CONCH-clusion that appEELS to us, because if they SMELT under pressure and SALMON the breaks and allow there to be a court HERRING on this, I swear I'm gonna comb my MULLET and PERCH myself outside their doors in protest even if I'm the only SOLE there, and if I have to, I don't mind getting ROUGHY with them.  

Okay that's enough of that, I think.  :P

eoGQgkZ.giftumblr_mftubhrzmk1r8bwiro1_500.giftumblr_nyu5rprRs41uw94gao1_500.gif

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2 hours ago, BnaBreaker said:

Oh my COD, I want to TROUT it from the rooftops... this GROUPER of folks better cut the CARP and stop FLOUNDERing and give us a CONCH-clusion that appEELS to us, because if they SMELT under pressure and SALMON the breaks and allow there to be a court HERRING on this, I swear I'm gonna comb my MULLET and PERCH myself outside their doors in protest even if I'm the only SOLE there, and if I have to, I don't mind getting ROUGHY with them.  

Okay that's enough of that, I think.  :P

f5ed5e6aa79d4919dde9a6253751e039--trout-

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On 7/21/2017 at 7:13 AM, smeagolsfree said:

They have had plenty of time for a settlement and I doubt it will happen.

You could be right Ron, although I spoke with a friend of mine yesterday who is a property attorney and he believes it is likely to settle before it goes to trial. We'll see. 

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3 hours ago, Skyscrapergeek said:

You could be right Ron, although I spoke with a friend of mine yesterday who is a property attorney and he believes it is likely to settle before it goes to trial. We'll see. 

If the seller really was enticed by a third party (just speculation)...then I believe they'll settle before court rather than have to tell the truth of that under oath.  Of course, I could be 100% wrong.

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  • 1 month later...
1 hour ago, chris holman said:

Any updates

See below:

On 7/21/2017 at 6:55 AM, markhollin said:

From Nashville Post:

Judge to hear dispute involving two-tower project eyed for SoBro

A local judge has set a Jan. 16, 2018, start date for a trial that could impact a two-tower $350 million project in SoBro, Nashville Business Journal reports.

Second Avenue Partners LLC had been under contract to pay $4.17 million for a 0.14-acre parking lot owned by Atlanta-based Belle Meade Investments and that is a small, but key, portion of the overall footprint eyed for the mixed-use project.  The parking lot has an address of 134 Second Ave. South. 

SAP still has a contract to buy from locally based real estate investor Jack May the remainder of the city block home to Market Street Apartments.

The project would feature two high-rises (the tallest rising more than 450 feet), with one tower to offer 142 condominiums and the other to offer 265 apartments. The towers would sit atop a horizontal building likely to offer a high-end hotel.

 

So yeah, I'd say give up on this one for a while.

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