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Peabody Union (27 story residential, 354 units, 251,000 sq. ft. office, 50,000 sq. ft. retail), Peabody Plaza (9-story, 280,000 sq. ft. office), & 4 smaller buildings, MDHA Trolley Barn sites

markhollin

By markhollin
in Nashville

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markhollin
markhollin

I had a one-hour meeting with Joe Cain, the Director of Urban Development for MDHA yesterday afternoon.  We covered several topics related to downtown and East Nashville. In relation to this thre

markhollin
markhollin

Ray Hensler says he will finalize the $16 million purchase of the 4.47 acre Peabody Union site from MDHA by late February, and ground breaking should occur in April.Once approved for 32 stories, the m

chris holman
chris holman

https://peabodyunion.com/

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MLBrumby Metropolis

MLBrumby

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3 minutes ago, nashville born said:

Push some dirt!  Push some dirt!  Push some dirt!

Will believe this one is still a "go" when I see that. I referred to MDHA's botched selection of these developers in another thread.  While they picked Eakin to build a squatty box and Hensler to build his taller glass box (7 years ago!!!) other developers have seen opportunity to plan far more ambitious projects nearby.  I don't know if Hensler has built anything in the past 3 years, but this one is NOT looking good right now. Once again, I hope I'm wrong. 

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WebberThomas4 Hamlet

WebberThomas4

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1 minute ago, MLBrumby said:

Will believe this one is still a "go" when I see that. I referred to MDHA's botched selection of these developers in another thread.  While they picked Eakin to build a squatty box and Hensler to build his taller glass box (7 years ago!!!) other developers have seen opportunity to plan far more ambitious projects nearby.  I don't know if Hensler has built anything in the past 3 years, but this one is NOT looking good right now. Once again, I hope I'm wrong. 

You’re wrong

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markhollin Galactalopolis

markhollin

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Hensler and Stiles have finalized the $16 million purchase for the 4.57 acre site from MDHA.  The price was agreed-upon 4 years ago.  The $300 million project should be breaking ground in April, and a fall 2024 completion is planned. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/rolling-mill-hill-site-set-for-project-sells-for-16m/article_5bb5225c-a09b-11ec-ba44-3bd94f280edb.html

And at NBJ here:

https://www.bizjournals.com/nashville/news/2022/03/10/peabody-union-land-buy.html

Screen Shot 2022-03-10 at 1.00.05 PM.png

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MLBrumby Metropolis

MLBrumby

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11 minutes ago, markhollin said:

Peabody Union update: markings along Peabody St.

 

Peabody Union, March 27, 2022, 1.jpeg

Peabody Union, March 27, 2022, 2.jpeg

Very hopeful here.  I ought to know the answer to my question here but must ask anyway:  Does this mean that construction is imminent/soon?  Paint wears off pretty fast. 

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PruneTracy Burg

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6 hours ago, MLBrumby said:

I ought to know the answer to my question here but must ask anyway:  Does this mean that construction is imminent/soon?  Paint wears off pretty fast. 

In Tennessee the markings are valid for 15 calendar days, but typically one would make an 811 call for any digging, not necessarily construction. It could also be for a utility project on Peabody.

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  • markhollin changed the title to Peabody Union (27 story residential, 354 units, 251,000 sq. ft. office, 33,000 sq. ft. retail), Peabody Plaza (9-story, 280,000 sq. ft. office), & 4 smaller buildings, $300 million, MDHA Trolley Barn sites
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jjbradleyBrooklyn Hamlet

jjbradleyBrooklyn

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7 hours ago, UrbanWes03 said:

I can't wait for this one. The immediate impact it will have in those river skyline pictures of Nashville and expanding the skyline over will be so nice! And the ground level activation on this one is just so well done.

Yeah, this is gonna be a striking one right by the river and Sobro there. It will add a beautiful element to the skyline from the river and Sobro and downtown in the distance.

This area of downtown in general (Sobro, Rutledge Hill, Pie Town, edge of the Gulch) is just going to go from under-utilized one story buildings, warehouses scattered, and parking lots to a dense, vibrant brand new city. 

Super exciting to watch happen in such a short amount of time.

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CenterHill Town

CenterHill

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1 hour ago, thenorthchannel said:

Per Nashville Parks the Cumberland River Greenway will be closed beginning Tuesday, May 10th between Peabody and KVB.  Looking forward to seeing this one get started. 

I figured that was inevitable with the construction.   I do hope the greenway will reopen/be rebuilt when Peabody Union opens.   

Now if we could just re-design the segment through Ascend so it would not have to remain permanently closed.      

 

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