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

[markhollin]

Wrk continues on the refurbishing/reimagining of the Ben West Library Building into Hastings Architecture HQ.

Looking NW from Polk Ave., 1/2 block north of Church St:

Looking SW from intersection of Union and Polk:

[markhollin]

Second Ave. Townhomes (3 stories, 22 units) update. Topped out.

Looking SW from intersection of 2nd Ave. North and Taylor St:

 

[markhollin]

Firestone/Bridgestone store at 1221 Broadway sells for $7 million to GBT Realty.  Nashville-based FirstBank loaned $5.2 million to GBT for the purchase.  It is in the city's downtown code area, allowing for the tallest structures.  No word yet on what GBT's plans are.

More behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2018/12/03/bridgestone-sells-broadway-development-site-with.html

Looking south across Broadway, 1/2 block east of 12th Ave.

This screen shot from Smeagolfree's excellent development map shows the site listed as Firestone Complete Auto Care, directly south across Broadway from Endeavor's 1200 Broadway tower:

[Bos2Nash]

On 11/30/2018 at 9:46 AM, donNdonelson2 said:

Female country superstars might not want their names associated with drunk & disorderly throngs of sweaty bros and bridesmaids?

This is true, but at this point in the business world, the country men must be making out quite handsomely for doing nothing but associating their name to a bar. Look at some of the songs Miranda sings, pretty teh women sing about drinking sometimes just as much as men lol. 

On 11/30/2018 at 10:16 AM, wreynol4 said:

My comment was semi-sarcastic just FYI. I don’t want another celebrity owned bar.

If we are being honest with ourselves, it's a foregone conclusion that it'll be another celebrity bar. Or maybe a hotel developer will buy and get the second hotel with a lower broadway address

On 11/30/2018 at 12:54 PM, Jamie Hall said:

Valid point, and I realize the earlier comment was maybe in jest, but imagine the draw and immediate buzz generated by downtown's first bar associated with a female singer. A Reba or Carrie Underwood or Shania Twain influence would be an interesting twist to the mix downtown. Seems like now would be as good a time as any for it to happen.

My point exactly!

[Mr_Bond]

^^^  Wonder if they'll try to grab McDonald's too.

[Bos2Nash]

On 12/1/2018 at 8:58 PM, Mr_Bond said:

Three and a half years after this post, it looks like the glass awning is complete.  They have been working on this building FOREVER, painstakingly matching every historical feature.  And now, a modern entrance with a glass awning!

We are scheduling punch list on this project this week. New sidewalk, bioswale, main entry stair and ramp and new north patio were built (or re-built) The top right pane of the glass canopy is being replaced this month as a result of a mis-aimed hammer.

The intent of the glass canopy was to emphasize the new entrance. Rather than the whole project being a modern intervention on the building, the gable was replicated for historic purposes so that the modernity of the project is translated in the canopy. The design called for a certain number of directional lights to light the canopy, but those were VEd out we believe. The main entry stairs have stair lights in them and the north patio is lit from the new side wall.

[e-dub]

^^ I'm okay with an urban McDonald's in any of the downtown neighborhoods, but having that suburban style store at 12th x Broadway has always bothered me.

[Mr_Bond]

15 minutes ago, Bos2Nash said:

We are scheduling punch list on this project this week. New sidewalk, bioswale, main entry stair and ramp and new north patio were built (or re-built) The top right pane of the glass canopy is being replaced this month as a result of a mis-aimed hammer.

The intent of the glass canopy was to emphasize the new entrance. Rather than the whole project being a modern intervention on the building, the gable was replicated for historic purposes so that the modernity of the project is translated in the canopy. The design called for a certain number of directional lights to light the canopy, but those were VEd out we believe. The main entry stairs have stair lights in them and the north patio is lit from the new side wall.

The building looks really good: accessible, clean, historical, a great combination of new and old.  My regular running route takes me between this building and the Frist Center so I enjoy your week a couple of times every week.  Thank you, and congrats on your accomplishments here!

[wmaddbb2018]

1 hour ago, e-dub said:

^^ I'm okay with an urban McDonald's in any of the downtown neighborhoods, but having that suburban style store at 12th x Broadway has always bothered me.

They can always incorporate a McDonalds into a high rise development

[LA_TN]

1 hour ago, Mr_Bond said:

^^^  Wonder if they'll try to grab McDonald's too.

The REAL question is whether they will purchase the tiny lot facing 13th. If so, then they would have I-40 exposure

[smeagolsfree]

That lot is for sale. Its .19 acres and the price has varried between 1.9 and 3.9 million and owned by Rusty Dunn. The lot that the Firestone sits is just a tad over a half acre and I could see them picking up the sliver but maybe for the lower price. If they build on it without getting that sliver then the sliver lot will be worth a lot less or at least Dunn will have a harder time selling it.

[Mr_Bond]

12 minutes ago, smeagolsfree said:

That lot is for sale. Its .19 acres and the price has varried between 1.9 and 3.9 million and owned by Rusty Dunn. The lot that the Firestone sits is just a tad over a half acre and I could see them picking up the sliver but maybe for the lower price. If they build on it without getting that sliver then the sliver lot will be worth a lot less or at least Dunn will have a harder time selling it.

So, the sale of the sliver lot is a Dunn deal?

[smeagolsfree]

Yep, and its been for sale for a while.

[titanhog]

3 hours ago, Mr_Bond said:

So, the sale of the sliver lot is a Dunn deal?

I see what you Dunn there. 

[Vrtigo]

On 12/19/2017 at 2:11 PM, markhollin said:

The MDHA Design Review Committee Tuesday gave approval to the addition of office space to a mixed-use Gulch building recognized as the home of Kayne Prime and Google Fiber.

Located at 1101 McGavock St. and owned by Nashville-based C.B. Ragland Co., the building stands four floors. The plan is to add about 7,000 square feet of office space to the top of the building.

https://www.nashvillepost.com/business/development/article/20986547/gulch-building-home-to-google-to-see-addition

This appears to be finally underway:

[markhollin]

Third Avenue North Germantown Storage (6 stories with ground level retail) update.  Topped out.

Looking SE from intersection of 3rd Ave. North and Monroe St:

Looking west from 2nd Ave. North, 1/2 block north of Madison St:

[wmaddbb2018]

A tad off topic, but how has Pinnacle’s growth been in recent years? And are they a likely target to either be sold or grow tremendously in upcoming years?  And as a by product of that eventually need another tower?

[MLBrumby]

They have been the acquirer, almost since their beginning. Pinnacle is less than 20 years old and already has about $24B in assets at this point.  Their CEO and president are dead set against being sold. They both came from First American and feel screwed by what they saw as mismanagement, a slowness to respond to the market, and even when they were acquired, they think the price was very low. They also started Pinnacle because they thought Nashville needed a home-based large bank.  Trends among the largest banks at this time do not include snapping up regionals like they used to. As they already have the footprints they want, and there's increased regulatory scrutiny on them.  So the buyers will likely be in the large-mid range of 50-75B.  Pinnacle has been one of the best run banks in the country over the past 10 years and Rob McCabe wants to reach that size before any changes occur in their growth strategy. Suffice it to say, anything can happen. But any bank that does buy Pinnacle will be paying a hella premium for it. 

[thenorthchannel]

Pinnacle may have been a target in early 2016 as they crossed the $10b in assets mark.  Which is a mark that comes with much more regulatory scrutiny. They’ve charged ahead since then and I don’t view them as a target any time soon.   I’m pulling for CapStar to grow via acquisition but they’ve taken some lumps since going public, both by writing off bad loans in behavioral healthcare and fighting an activist investor.  

[wmaddbb2018]

It would take years I know, but it would be awesome if  Pinnacle could get to be a competitor of BB&T and Regions. It’s highly unlikely I know, but that would be awesome.  Banks are just poster child’s for needing a nice shiny tower to put their name on, and we need more of that here. 

Edited December 9, 2018 by wreynol4

[markhollin]

Moxy Hotel SoBro (6 stories, 161 rooms, 2 restaurant/bars) update. Windows complete, painting continues.

Looking SW from intersection of Broadway and 2nd Ave:

Looking SW from 2nd Ave. South, 1/2 block south of Broadway:

[Bos2Nash]

2 hours ago, markhollin said:

Moxy Hotel SoBro (6 stories, 161 rooms, 2 restaurant/bars) update. Windows complete, painting continues.

Looking SW from intersection of Broadway and 2nd Ave:

Looking SW from 2nd Ave. South, 1/2 block south of Broadway:

We were on site doing a site tour with high school students a couple weeks ago (sorry didn't have time to take pics) and two big elements that were being worked on 1) NES were continuing work on 3rd ave to get the new vault in place. The vault will go down and into the basement of the building. 2) the construction elevator will be moving outside to where you see the orange lift behind bootleggers so they can get the new central elevators installed. Target is April opening.

[Mr_Bond]

Side topic:  STK Steakhouse has signed a lease for the former Prima space in Terrazzo.  There was an article in NBJ a couple of weeks ago.  Work began this morning.

https://togrp.com/brand/stk/

[FromParkAveToTN]

On 12/3/2018 at 9:20 AM, e-dub said:

^^ I'm okay with an urban McDonald's in any of the downtown neighborhoods, but having that suburban style store at 12th x Broadway has always bothered me.

Me too... I prefer Mcdowell's instead. 

[e-dub]

1 minute ago, FromParkAveToTN said:

Me too... I prefer Mcdowell's instead. 

But does anyone not?