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Embassy Suites (30 stories, 500 rooms), 1 Hotel (18 stories, 221 rooms)

smeagolsfree

By smeagolsfree
in Nashville

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titanhog
titanhog
markhollin
markhollin

AgroScience Inc. will assist with a landscaped green wall feature that will be part of the exterior. For those unable to get past The Nashville Post paywall, here are a few more renderings:  

titanhog
titanhog

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MLBrumby Metropolis

MLBrumby

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Was this fool's gold all along?  Must admit, I was looking forward to this ever since it was announced. And they could have been opened by now... to lots of convention traffic. LOTS OF IT!  What's that sound we hear... like a faint zip line?  I don't think we're entering a recession, but I do believe a lot of financing sources are tightening their belts.

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Mr_Bond Burg

Mr_Bond

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2 hours ago, MLBrumby said:

Was this fool's gold all along?  Must admit, I was looking forward to this ever since it was announced. And they could have been opened by now... to lots of convention traffic. LOTS OF IT!  What's that sound we hear... like a faint zip line?  I don't think we're entering a recession, but I do believe a lot of financing sources are tightening their belts.

Here are some insights from the Senior Loan Officer Opinion Survey, published quarterly by the Federal Reserve.  These graphs are focused on commercial real estate loans, the topic du jour.  This is from the July survey which was published in August.  The next survey will be published in November.

First, take a look at demand for commercial real estate loans:

1670638913_ScreenShot2018-10-23at9_07_08PM.png.8d055bf844031730c0d5cab322b4d085.png

Demand began to downtrend a couple of years before the Great Recession but that was because there was a housing bubble bursting two+ years before the recession hit and Multifamily is included in the survey data.  The big increase in demand in 2010 was in response to years of decreasing demand prior.  This data series is not known for its predictive properties.  It is interesting that Construction and Land Development recently ticked down.

Next, let's look at how the senior loan officers are responding to the market.  This graph tells us the net percent of banks tightening lending standards.

796143357_ScreenShot2018-10-23at9_06_57PM.png.464beebd7b09cfa09b56319e321c3e01.png

If they thought the economy was headed into a recession or that the market was getting frothy, they would tighten lending standards (line moving up).  We find that they continue to loosen standards as they have since 2016 Q4.

While real estate is a local market (every local market has characteristics independent of the others), the lenders tend to be influenced by national trends (the regulators have more influence today than they did 10 years ago).

BTW, I brought these graphs to the last meet-up but we didn't have time to discuss.

Edited by Mr_Bond
Clarification
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urbanplanet17 Whistle-Stop

urbanplanet17

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8 hours ago, MLBrumby said:

Was this fool's gold all along?  Must admit, I was looking forward to this ever since it was announced. And they could have been opened by now... to lots of convention traffic. LOTS OF IT!  What's that sound we hear... like a faint zip line?  I don't think we're entering a recession, but I do believe a lot of financing sources are tightening their belts.

I'd say the double whammy of tariffs*** (mainly tariffs, thus the emphasis) and rising interest rates have more to do with it than bank financing drying up.

One of three things are happening as a result:

1. Some developers are suddenly rushing to complete their projects to beat the soon to be sudden increase in costs.

2. Some developers are reducing the scale of their projects to account for the increase in costs (I.E. Mainland and Second Avenue Partners).

3. Some developers have decided to just put off their projects indefinitely, until the next expansion cycle and/or until cooler heads prevail with the trade war and FED.

Edited by urbanplanet17
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LA_TN Burg

LA_TN

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Looks like another round of working on the water main. This will be the third time this spot has been dug up in the last 6-8 months

20181024_075706~01.jpg

20181024_075641~01.jpg

**Update: Rain Electric Company

Edited by LA_TN
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Dale City

Dale

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8 hours ago, urbanplanet17 said:

I'd say the double whammy of tariffs*** (mainly tariffs, thus the emphasis) and rising interest rates have more to do with it than bank financing drying up.

One of three things are happening as a result:

1. Some developers are suddenly rushing to complete their projects to beat the soon to be sudden increase in costs.

2. Some developers are reducing the scale of their projects to account for the increase in costs (I.E. Mainland and Second Avenue Partners).

3. Some developers have decided to just put off their projects indefinitely, until the next expansion cycle and/or until cooler heads prevail with the trade war and FED.

Either that or they’re waiting for economic growth the increase from 4% to 5% and/or unemployment to dip under 3%.

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Mr_Bond Burg

Mr_Bond

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5 hours ago, downtownresident said:

They took the chain link portion off of the section fronting eighth , probably related to the water main work mentioned earlier. 

I ran by there this evening but was so focused on crossing 8th safely that I failed to look at the fencing.  It must have looked normal to my peripheral vision.  :tw_glasses:

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BnaBreaker City

BnaBreaker

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8 hours ago, nashvylle said:

The lack of news gives me the same feeling I got in high school when I would text the pretty girl in school and 2 minutes went by, then 5 minutes, then an hour, then a day..... 

Hey, at least texting was an option for you... I'm only 35 but if I wanted to contact a girl in high school I had to call her freaking parents home phone.  :tw_scream:

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e-dub Burg

e-dub

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1 hour ago, BnaBreaker said:

Hey, at least texting was an option for you... I'm only 35 but if I wanted to contact a girl in high school I had to call her freaking parents home phone.  :tw_scream:

Yep. Pops never failed to answer the phone, either!

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