Jump to content

markhollin

North Gulch Gateway (Tennessean site), Phase I: Asurion HQ (10 & 11 stories, 551,000 sq. ft., 9,000 sq. ft. retail, 1,900 car garage, $285 million)

Recommended Posts


I’m ashamed to admit that I got to like D before I realized you were jesting. I just figured one of your sources went on a bender and started making projects up haha

  • Like 1
  • Haha 3

Share this post


Link to post
Share on other sites
10 minutes ago, Pdt2f said:

I’m ashamed to admit that I got to like D before I realized you were jesting. I just figured one of your sources went on a bender and started making projects up haha

I'm all in on that "tuning fork" tower! :rofl:

  • Like 2

Share this post


Link to post
Share on other sites
Guest

It is good news if the Asurion build is taking the entire parcel. My question was asked because of this picture posted earlier in the thread. In it you can see the yellow area (designating the building) does not encompass the greenway. tree line, or the larger parking lot  abutting the railroad tracks. 

 39225845295_67cc73604e_b.jpg&key=b5e5c7f

Share this post


Link to post
Share on other sites

Not sure Todd, I was wondering about the same thing. One option would be to use the point of the property to enhance and get better access to the parcel on the other side of the Greenway or work with Metro and move the Greenway at the owners expense.

Share this post


Link to post
Share on other sites

Asurion is going to receive a $4.4 million state grant on May 16th from the State Funding Board.  They expect to move 1,600 existing jobs under one roof at their new HQ along Church St., and add another 400 jobs after the structure is complete in 2021.

The pending grant is on par with the $4.43 of state grants Asurion received in fall 2013 for a previously announced 800-job expansion.

It's unclear what Metro incentives Asurion could receive. Metro can award up to $500 per new job, per year, for a time period of seven years. By that math, Asurion might receive as much as $1.4 million for its planned 400 new jobs. In 2015, Asurion received $1.25 million of incentives from Metro for an expansion in Antioch.

It's also unclear what incentives Asurion is receiving from the Tennessee Valley Authority.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/05/11/one-of-nashvilles-biggest-companies-lands-grant.html

  • Like 4

Share this post


Link to post
Share on other sites

Asurion is going to receive a $4.4 million state grant on May 16th from the State Funding Board.  They expect to move 1,600 existing jobs under one roof at their new HQ along Church St., and add another 400 jobs after the structure is complete in 2021.

The pending grant is on par with the $4.43 of state grants Asurion received in fall 2013 for a previously announced 800-job expansion.

It's unclear what Metro incentives Asurion could receive. Metro can award up to $500 per new job, per year, for a time period of seven years. By that math, Asurion might receive as much as $1.4 million for its planned 400 new jobs. In 2015, Asurion received $1.25 million of incentives from Metro for an expansion in Antioch.

It's also unclear what incentives Asurion is receiving from the Tennessee Valley Authority.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/05/11/one-of-nashvilles-biggest-companies-lands-grant.html



At some point doesn’t this corporate welfare need to stop?
  • Like 1

Share this post


Link to post
Share on other sites
41 minutes ago, DeemonBruhn said:

 


At some point doesn’t this corporate welfare need to stop?

 

It’s disturbing, but I just don’t think it’s going to stop anytime soon. Companies aren’t going to stop seeking incentives (they have, like someone posted in regards to AB, a fiduciary responsibility to seek them), and governments aren’t going to stop offering them when there’s a threat the jobs will go elsewhere. 

  • Like 2

Share this post


Link to post
Share on other sites

I agree about corporate welfare and it is something I would like to see stopped, but it has to be nationwide or they will continue to pit cities/states against each other.  It is nothing short of legal blackmail, but it works for big companies and they will continue until something is done on a federal level, which I don't see happening under either party. 

  • Like 3

Share this post


Link to post
Share on other sites
15 hours ago, jmtunafish said:

I'm glad Tennessee hasn't (yet) sold its soul the way Alabama and Mississippi have in order to lure flashy factories.

Volkswagen says "hi!"

1442977890_102112cVW19_t755_he3c26f2a0ab

It was down to Michigan and Tennessee, and Michigan's incentive package was described by VW as only slightly more generous than Tennessee's.

Edited by urbanplanet17
  • Like 3

Share this post


Link to post
Share on other sites

19 hours ago, jmtunafish said:

The state of Alabama paid Mercedes $253 million in 1993 to build its first U.S. assembly plant just outside of Tuscaloosa.  That's $169,000 per job.  In 1993 dollars.

Just to play devil's advocate, it's also about $6,800 per job per year, a number which decreases the longer Mercedes stays in Alabama.

The average salary at that plant is $60,000 per year in 2018.

Is the money brought into the state at those salaries worth paying ten cents on the dollar? Especially considering the workers pay five cents of it back through income taxes.

  • Like 1

Share this post


Link to post
Share on other sites
9 hours ago, smeagolsfree said:

I think he may have the option on the Exxon as well which would be a nice little package.

I thought 7-11 bought that property?

  • Like 2

Share this post


Link to post
Share on other sites

^ ^ ^ So, with the parking garage pedestal underneath (looks like there are two levels above ground), then the building on the right (north) that will border on the Church St. Viaduct will be 10 stories.  The one on left (south) looks to be 9 stories. 

Share this post


Link to post
Share on other sites
14 minutes ago, wreynol4 said:

This kind of stuff does not belong in the downtown core. 

Disagree. Because it’s jobs in downtown Nashville. 

I don’t like the design of Nissan North America’s building in cool springs, but would I take that same building somewhere downtown? Yes. 

  • Like 3

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
      An 11 story, 136' tall boutique hotel that would include 112 rooms, an "electric gastro pub," a subterranean upscale restaurant/wine cellar, 32,000 sq. ft. fitness facility, 7,000 sq. ft. spa, a boutique performance venue,  screening and writing rooms, rooftop pool/lounge, and more will be located at 10 11th Ave. South, backing up against the CSX tracks at the T intersection of 11th and McGavock St.  Price tag will be $70 million.

      The developer is Chris Hyndman of M Street Entertainment.  Ground breaking will be 4th quarter of this year, and a summer 2020 completion is the goal. Currently the lot is utilized for surface parking. 

      More behind the Nashville Post paywall here:

      https://www.nashvillepost.com/business/development/article/21005153/virago-owner-unveils-boutique-hotel-project-for-the-gulch
       
      NBJ's take:

      https://www.bizjournals.com/nashville/news/2018/05/15/first-look-restaurateur-unveils-plans-for-gulch.html
       







    • By markhollin
      The Purpose Hotel, a brainchild of Nashville-based celebrity photographer Jeremy Cowart, seems to be moving forward.  A rendering has been released of a 17 story tower that would, according to a 2016 article, feature 200-300 rooms with an $80 to 150 million price tag.  A still undisclosed site for the boutique hotel in downtown Nashville has been chosen, and will be announced soon.
      Coward has enlisted Atlanta-based WP Hospitality Group to manage the development, and Hastings Architecture is on board as the designer. 
      Some of the unique aspects of the hotel will be that every room booking will help support a different needy child in the developing world through a sponsorship agency.  Info on each child will be featured in each room. Linens will be sewn by survivors of human trafficking. Art throughout the hotel will feature humanitarian artists. Ethnically sourced coffee in each room. Furniture created by people in need. Internet fees fight human trafficking. Inspiring social films will be featured on some TV channels in each room, as well as curated books with themes about compassion and justice. Soaps and shampoos handmade by women survivors of addiction, violence, and extreme poverty. The lobby will feature a working well for guests to experience sustainable water work.

      Cowart initially launched the concept via a Kickstarter campaign, and raised nearly a million dollars to help fund designs, etc. 

      More at The Nashville Post here:

      https://www.nashvillepost.com/business/development/article/21065918/image-released-for-longplanned-hotel


      Hotel website:

      https://www.thepurposehotel.com/
       
      Kickstarter campaign site:

      https://www.kickstarter.com/projects/thepurposehotel/purpose-hotel-change-the-world-in-your-sleep

      Original Tennessean article from 2016:

      https://www.tennessean.com/story/money/real-estate/2016/07/14/nashville-celebrity-photographer-plans-purpose-hotel/86885300/
       
       
       










    • 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.

×
×
  • 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.