Ritz Carlton Hotel /Residential (46 stories & 32 stories, 240 rooms, 150 condos, 185 apts,), 560 capacity garage

[DeemonBruhn]

Seems like they would be the ones who know best. It wouldn’t make sense for them to BS about having tenants lined up if they didn’t actually have them, it would just scare away real potential tenants. Plus they’d probably keep the surface lot open if they didn’t have upcoming plans. 

That is the opposite of how it works. The only people incentivized to lie are those with money at stake.

[Dale]

As far as I can ascertain to date ...

"The developer says he has tenants in tow and parking has closed down."

"I don't want to believe it. I'll bet he's feeding us a line."

"Why would he do that ?"

"Ever heard of Alex Palmer ? I'll bet he's another Alex Palmer."

 

 

[urbanplanet17]

In all fairness, didn't Alex Palmer really have a tenant lined up who backed out in the 11th hour?

[donNdonelson2]

57 minutes ago, urbanplanet17 said:

In all fairness, didn't Alex Palmer really have a tenant lined up who backed out in the 11th hour?

HCA backed out after Mr P delayed...and delayed...and delayed the project. Intercontinental Hotels eventually backed out as well, after years of delays and excuses by the developer.

[Pdt2f]

1 hour ago, DeemonBruhn said:

 

That is the opposite of how it works. The only people incentivized to lie are those with money at stake.

 

So, 

“I have a lot of money riding on this project, we need to make sure this building fills up.”

”Ok, well let’s tell everyone that we already have major tenants and construction is imminent.” 

I will fully admit I’m not an expert on development and leasing and I’ll totally eat crow if I’m wrong on this but it just doesn’t make sense to me to give the impression of a rapidly filling building if you’re trying to seduce a major tenant, especially when there’s like 5 other office buildings in a 2 mike radius that are going to be starting soon (next 2 years). 

[Ingram]

Didn't they announce this last January? That is only 13 months ago. If people pay attention they would notice that large developments take anywhere from 2 to 3 1/2 years to begin construction after they are announced. So why is the panic button all of a sudden being pressed?

Edited February 18, 2018 by Ingram

[LA_TN]

10 hours ago, Dale said:

"Ever heard of Alex Palmer ? I'll bet he's another Alex Palmer."

My apologies, just a joke. My point is that a developer is not going to go out and publicly say that their project is doomed unless a tenant(s) sign. A developer is a salesman and must always present a strong appearance.

I think we are all still hopeful and feeling good about this project, at this time

Edited February 19, 2018 by LA_TN
Somehow posted before done

[wmaddbb2018]

9 hours ago, Ingram said:

Didn't they announce this last January? That is only 13 months ago. If people pay attention they would notice that large developments take anywhere from 2 to 3 1/2 years to begin construction after they are announced. So why is the panic button all of a sudden being pressed?

It was just announced a few months ago.m I believe.

[dmillsphoto]

10 hours ago, wreynol4 said:

It was just announced a few months ago.m I believe.

Land consolidation took that long. The actual renderings have been out a few months.

[smeagolsfree]

I am sure Mark is posting this as I am. Baker Donelson main tenant. NBJ was stating construction to start this year, but groundbreaking date not relaesed. The release did not state it would be this year.

https://www.bizjournals.com/nashville/news/2018/04/27/developer-recruits-high-profile-law-firm-to-anchor.html

[markhollin]

Baker Donelson has signed a lease to move to the OneKVB Towerproposed at the Korean Veterans Boulevard roundabout. It's the 4th largest law firm in town with a roster of 103 local attorneys.

Baker Donelson is the first tenant to sign a lease for the One KVB tower — which makes the firm's commitment a notable step forward for the tower's developer, Nashville's The Mainland Cos. The law firm and the developer revealed the lease in a joint announcement provided first to the NBJ on Friday.

Baker Donelson will occupy about 91,900 square feet of the One KVB tower (which is about 22% of the 425,000 square feet of office space in the design).

Currently, Baker Donelson is located at 211 Commerce St., with its name at the top of that 11-story building. That lease expires in 2020.

Construction will start this year, according to Mainland's statement today. A project of this size would take roughly two years to complete.

More at Nashville Post here:

https://www.nashvillepost.com/business/development/article/21000664/baker-donelson-slated-for-planned-sobro-skyscraper

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/04/27/developer-recruits-high-profile-law-firm-to-anchor.html?s=print

[Ingram]

This building, the old convention center office tower, the church street tower, the demonbreun street tower, west end summit tower, and the midtown tower. That's a lot of office space Nashville is currently\possibly building.

Edited April 27, 2018 by Ingram

[Pdt2f]

Great news! I wonder who will be taking their current building when they move out. Great location for whoever does. 

[Binbin98]

But will philips move in?

All jokes aside i'm really really looking forward to this tower being built, and whether or not it will have signage on it from a company. Tourism and accolades are good and all, but now Nashville is beginning to attract larger companies, which could generate growth and stability in the local economy for years to come

 

[Pdt2f]

15 minutes ago, Binbin98 said:

But will philips move in?

All jokes aside i'm really really looking forward to this tower being built, and whether or not it will have signage on it from a company. Tourism and accolades are good and all, but now Nashville is beginning to attract larger companies, which could generate growth and stability in the local economy for years to come

 

BD is only leasing 22% so Philips definitely could still move in. They could also move into any of the projects that @Ingram mentioned above. If Alliance Bernstein is actually moving to Nashville, that could be 3 potential office buildings that could get the green light right there. Exciting times. 

[MagicPotato]

https://www.bizjournals.com/charlotte/news/2018/03/13/exclusive-new-york-financial-powerhouse-scouts.html

 

Supposedly ,Alliance Bernstein is scoping out Charlotte or Nashville. 

Edited April 27, 2018 by MagicPotato

[PaulChinetti]

https://www.nashvillepost.com/business/development/article/21000664/baker-donelson-slated-for-planned-sobro-skyscraper

Is this the same thing?

Edited April 27, 2018 by PaulChinetti

[smeagolsfree]

Yes

[Nashhole]

Kind of a power move by Baker Donelson--they might be increasing their presence in Nashville. Bass Berry has the Pinnacle, Waller has the Nashville City Center, and Bradley Arant has that awesome building on the roundabout. I think Baker's current building is really awesome too, so it's kind of surprise to hear they're moving (further away from the courthouse too). 

[Pdt2f]

1 hour ago, Nashhole said:

Kind of a power move by Baker Donelson--they might be increasing their presence in Nashville. Bass Berry has the Pinnacle, Waller has the Nashville City Center, and Bradley Arant has that awesome building on the roundabout. I think Baker's current building is really awesome too, so it's kind of surprise to hear they're moving (further away from the courthouse too). 

Welcome to the board!! 

Maybe it gives them more room to expand than their current building? 

[LA_TN]

1 hour ago, Pdt2f said:

Welcome to the board!! 

Maybe it gives them more room to expand than their current building? 

Actually, they will take 20k less space in this tower because the floor plan is more efficient

[NashvilleObserver]

As an architecture fanatic, I am so excite for a Skidmore, Owings & Merrill project to come to Nashville. This is an internationally renowned architectural firm, and the idea that Nashville could be the location for one of their creations is absolutely astounding. 

[markhollin]

Some additional renderings included in Nashville Business Journal's article on the Baker Donelson tenant signing. Info in text essentially the same as the Post article last week.

Full article behind the paywall here:

https://www.bizjournals.com/nashville/news/2018/04/27/developer-recruits-high-profile-law-firm-to-anchor.html

 

[MLBrumby]

Anyone here know how far along KVB this building will extend... all the way to the police station?  And is that first rendering a view of the Lafayette side of the building (just before the roundabout)? 

[AronG]

Really hard so far to get a sense for how this thing is or isn't going to activate along KVB and Lafayette.