Inner Loop - CBD, Downtown, East Bank, Germantown, Gulch, Rutledge

[Nathan_in_DC]

I'm very excited about this project.

 

Heck, I'm excited about *any* new hotel project near the CBD. The fact that they're rehabilitating and restoring a historic building is just icing on the cake.  If the recent NRA convention showed us anything, it's that the hotel market in town is very vibrant and no where near capacity. When Knights Inn feels like it can charge $250+ for a room, then there's no reason there aren't hundreds more rooms in the area.

[Bezoar]

Demo permits for the Angelo Formosa building on 4th Ave N and the old Asian Market on 3rd Ave N pulled. 

Edited April 15, 2015 by Bezoar

[Bezoar]

More info from permits:  Looks like the former Off The Bone / Kingfish restaurant is being rehabbed and will become an establishment called the Germantown Pub.  

[nashmoney]

Cocktail bar slated for SoBro

 

http://www.bizjournals.com/nashville/blog/2015/04/cocktail-bar-slated-for-sobro.html

 

This is kind of in a "dead area"...so this should help. I googled mapped it and there is a Subway next door. Kind of strange to have a subway in that area.

[Nathan_in_DC]

Cocktail bar slated for SoBro

 

http://www.bizjournals.com/nashville/blog/2015/04/cocktail-bar-slated-for-sobro.html

 

This is kind of in a "dead area"...so this should help. I googled mapped it and there is a Subway next door. Kind of strange to have a subway in that area.

 

Whoa, I had no idea there was a Subway there. Weird.

 

Could be a cool space for a tucked away cocktail bar. Lends itself to a speakeasy vibe. I just hope they don't overdo it like so many places do.

[CenterHill]

Whoa, I had no idea there was a Subway there. Weird.

 

Could be a cool space for a tucked away cocktail bar. Lends itself to a speakeasy vibe. I just hope they don't overdo it like so many places do.

 

And it's just down the street (5th) from a tucked away brewery.    Czann's sits at the corner of 5th and Lea, although there's no signage so you have to know it's there!    

 

This 2 or 3 block area in SoBro is about the most "nowhere" spot in downtown, with virtually no vehicle or foot traffic - today.    That's almost certain to change in the next few years.     

[CenterHill]

I didn't realize until I went by it yesterday that the RD Herbert site has already been demo'd and cleared.      Fountains should be getting underway soon.   

[MidTenn1]

Core drilling seems to be underway on the likely Canopy Hotel site across from the Omni.

[smeagolsfree]

Core drilling seems to be underway on the likely Canopy Hotel site across from the Omni.

Well, that is not the Hilton site. Be very very quiet fora few days till we can check. I know who's proponent this is and could very well be something new.

[MLBrumby]

Did I hear you say, "something tall"?

 

If that's not the proposed Canopy, where would that go?  Is that the corner of 8th and Demonbreun?   LOL... The projects and proposals have long since left me in the dust.

[MLBrumby]

If that's the half-block that fronts KVB, adjacent to the site of the proposed Holiday Inn, then there was a photo posted last week that showed the drilling activity.

[smeagolsfree]

The Hilton Canopy would be on Fifth, not Fourth. It's a little further down KVB.

The core drilling last week was on the corner of 4th and Peabody, this is the lot north of there going up 4th.

That is zoned for 30 stories.

[titanhog]

New cafe at the Ryman...Cafe Lula...will open in June.

 

http://www.bizjournals.com/nashville/blog/2015/04/ryman-auditorium-releases-details-on-new.html

[Bezoar]

Last Luxus townhome sale sets Germantown sets record price:  http://www.tennessean.com/story/money/2015/04/15/million-dollar-home-sale-sets-record-price-germantown-area-market/25857695/

[smeagolsfree]

I am thinking there will be five projects underway within about a three block area underway very soon.

The Alliance project underway

The Fountains, about to start

The Price development project at the Fomosa site, being demoed now

The Oakgrove project, moving through planning

The Lifestyle project, also moving through planning

This will change the entire dynamic of that part of Germantown for sure.

Also in the middle of the mix is

The Barista Parlot

Jack Browns Joint

TheSouthern Broom building conversion to a restaurant, and

The Peafowl project with either 3 or 4 restaurants there

Go across Jefferson and you have the

Carallon project, under construction

The Sounds stadium, under construction

The new parking garage that will have retail, under construction

The Sounds residential project rumored to start this year, 3 buildings

The Stockyard,Llewelyn project

The Giest House renovation

That is a total of 13 projects in about the same number of blocks.

[RonCamp]

The Noel Place hotel project at 4th and Church won't be a Le Meridien - it's going to flag as a member of Starwood's newest brand, the Tribute Portfolio:

 

http://thepointsguy.com/2015/04/starwood-launches-tribute-portfolio/

Edited April 16, 2015 by RonCamp

[samsonh]

That is a whole lot of inventory for the market to digest. Better hope the economy doesn't hit a road bump or you might have some unfinished projects or lots of empty units.

[japan]

Cocktail bar slated for SoBro

 

http://www.bizjournals.com/nashville/blog/2015/04/cocktail-bar-slated-for-sobro.html

 

This is kind of in a "dead area"...so this should help. I googled mapped it and there is a Subway next door. Kind of strange to have a subway in that area.

I passed by that Subway the other day.  Very strange location.  Almost like they are waiting for the area to change.

[PruneTracy]

I passed by that Subway the other day.  Very strange location.  Almost like they are waiting for the area to change.

 

There's a Quizno's a block to the east, as well as a hot chicken place, I think, so they aren't too far from civilization.

 

In any case locating there appears to have been a very forward-thinking move, at least until they get displaced by the next development.

[donNdonelson2]

I would guess that Subway location has sold many a sub to construction workers the last few years!

[Rockatansky]

That is a whole lot of inventory for the market to digest. Better hope the economy doesn't hit a road bump or you might have some unfinished projects or lots of empty units.

Since 2010 Nashville has been adding 10k residents a year, 2x the growth experienced from 2000-2010. I don't think we'll have any trouble absorbing the units. Of course a major economic downturn could impact the financing backing their construction.

Edited April 16, 2015 by Rockatansky

[smeagolsfree]

A bump in the economy would hurt everything everywhere, however the last bust I could see coming. This time Nashville is in a different category. These types of units need to keep going up to bring the rental rates down. With the numbers of people coming here, no slow down for at least five years and that is coming from several realtors I have spoken too or read about.

Btw, Samson, you have. Been saying this for three years now and it's still going.

[MLBrumby]

I have seen the projections published in several sources that say 1 million more people to the metro area over the next twenty years... and Davidson County wants as much of that as possible.  

[smeagolsfree]

It's about to change. There are a number of projects in the planning stages. SoBro is about to get red hot.

[MLBrumby]

That's torture, Ron!