Jump to content

PHofKS

19th and Broadway; 347 Apts. (295 ft, 26 stories), 16 story/200 room Frye Hotel, 3,500 sq. ft. ground retail, garage

Recommended Posts

14 hours ago, Vrtigo said:

Isn't this one of the earlier projects that was announced? Ironic, isn't it.

Sure Alex Palmer is not involved in this project somehow?  

Share this post


Link to post
Share on other sites


^ ^ ^ Unfortunately, the group that was wanting to buy and move this have found that N.E.S. is going to charge $1 million in order to reroute all the power lines that would have to be altered during the approximate 15 block move.  Seems pretty steep to me, but that's the word. Hence, the home will most likely be demolished.  

  • Like 1

Share this post


Link to post
Share on other sites

So it's too likely that they'll demolish the building before announcing they will NOT build the proposed 2-building complex... in classic Nashville fashion [looking at you Alex S. Palmer]. 

  • Like 1

Share this post


Link to post
Share on other sites

This is officially dead now.  Regent Partners has decided to sell this plot that has been pre-approved by Metro Council and Metro Planning for up to 25 stories.

"We anticipate a broad range of interested developers who are existing in Nashville, as well as many who are looking at entering the market," said Rob Lowe Jr., a senior managing director at Cushman & Wakefield. The real estate brokerage firm is representing Regent Partners in marketing the site for sale. The marketing flyer does not include an asking price. Regent had paid $9 million for the land in 2015.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/06/04/high-rise-broadwaydevelopment-site-hits-the-market.html

Here is a rendering of the project that I don't think we had seen before.  Any new purchaser could build to similar specs/height since this had been approved already by Metro:

Screen Shot 2018-06-04 at 4.32.58 PM.png

  • Sad 1

Share this post


Link to post
Share on other sites

Rob Lowe, of Cushman & Wakefield (hired by Regent to handle marketing of the sale of the property made these points today:

- The land should be valued, based on recent transactions in the area (including those by Vanderbilt University) at about  $320 per square foot. As such, any sale, he said, should yield an approximately $17 million transaction.

- The property is being marketed to allow for a plan similar to what Regent originally envisioned. “It’s an interesting plan as it offers a developer diversification in the product types with the hotel tower and multi-family tower,” Lowe said. “We’re seeing several potential buyers partnering to share risk with the plan that upon completion one will own the hotel and the other the apartments.”

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21008285/new-images-released-for-airport-project

Here was the original rendering in 2015:
 

Broadway & 19th, 2015 render.jpg

  • Like 1

Share this post


Link to post
Share on other sites
On 6/5/2018 at 7:38 AM, MLBrumby said:

But apparently vacant/boarded up. The long demise of this gem has begun. 

Image result for the little house

Loved that book as a kid. Had a big impact on me.

  • Like 2

Share this post


Link to post
Share on other sites

I love the juxtaposition of different scales/styles/periods/uses; I would hope they could find a way to preserve the old house in place with towers around it, kind of like a "spite" house in reverse.  An "in spite of" house.

  • Like 2

Share this post


Link to post
Share on other sites

So would this effectively kill the Curio-Embassy Suites project... as if it were still alive?  Still can't believe they can't get started on a project that large and right across from MCC! 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Similar Content

    • By markhollin
      Nashville-based developer C.B. Ragland Co. has submitted plans to Metro regarding a hotel tower proposed for the SoBro site across Second Avenue to the west from its 222 2nd Ave. South Tower.
      The proposed structure will rise at least 20 stories and is expected to offer a minimum of 250 rooms. No renderings available yet.
      The team will go before the Metro Development and Housing Agency Design Review Committee on Tuesday, Nov. 7, to seek approval of the concept.
      The tower — which could sit on an L-shaped parking podium — would rise on the 0.5-acre site of the building last home to The Listening Room.
      Discussions are being held with Hyatt properties.

      Both of these stories are currently behind paywalls:

      http://www.nashvillepost.com/business/development/article/20981404/hotel-tower-eyed-for-sobro-site

      https://www.bizjournals.com/nashville/news/2017/11/02/upscalehyatt-hotel-targeted-for-sobro.html

       
      The site is at lower center of this small photo:

       
      The property is the oddly shaped teal lot in the center of this screen shot from Smealoglsfree's excellent Development Map:

       
      This is the current 1 story structure of no historic significance sitting on the lot.  It housed the Listening Room Club for the past decade or so. That enterprise has relocated to 4th Ave. South and Elm St.

    • By markhollin
      Greystar Real Estate of Charleston, SC is planning a 16 story apartment tower with 300 units at 908 Division Street in the Gulch.  The approx. 1/2 acre site currently has a nondescript, 1 story structure that was most recently home to the Habitat forHumanity ReStore outlet.
      Greystar folks will go before Metro Planning on Sept. 13 to request current zoning (max. of 10 stories) be modified, and allow their final site plan to be approved. Hopefully they will be allowed the extra 6 stories with LEED certification for the additional parking.
      This lot is just to the east of the Yazoo Brewing site that  just had a Hilton Canopy Hotel announced (no size or amount of rooms notated yet) last week. 

      More behind the NBJ paywall here:

      https://www.bizjournals.com/nashville/news/2018/08/01/charleston-developer-pursues-gulch-high-rise.html
       
      More behind Nashville Post paywall here:

      https://www.nashvillepost.com/business/development/article/21016060/sc-developer-eyes-apartment-building-for-gulch




×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.