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

[markhollin]

The NE corner of 5th and Broadway (424-428 Broadway) which is home to Legends Gifts and Legends Corner has sold for $8.94 million to country legends, Inc. (Brenda Sanderson and Ruble Sanderson who own multiple other Lower Broadway properties). The one story structure does not hold particular historical value, so will be interesting to see if they build (or add on) several stories for more honky tonk/tourism  opportunity.  The previous owners (the Davenport family) bought the site for $150,000 in 1978.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/commercial-real-estate/article/21110723/lower-broad-buildings-sell-for-89m

 

[titanhog]

^^I kinda hope it stays one story.  Don't really want it to block Tootsies or the view of the Ryman from that angle.

[PaulChinetti]

Quite the return on their investment. 

[markhollin]

Sonder Hotel (conversion of 6 story office building, 45 rooms, restaurant) update.  Windows being replaced, east wall framing in place.

Looking NE from intersection of 9th Ave. North and Church St:

2 weeks ago looking west from intersection of Church St. and Rosa L. Parks Blvd:




Last week, looking west from intersection of Church St. and Rosa L. Parks Blvd:

[markhollin]

Bowie's, (a new rock and roll bar at 174 3rd Ave. North) update.  Signage up.  Still working on interior.  This has been Cafe Milano and Pirranha's (among others) in the past several decades.
 

[markhollin]

The 5 level, 400 capacity garage between the Trolley Barns and Rolling Mill Hill has been OK'd by the Metro Historic Zoning Commission, and images released.  The address is 15 Lea Ave., and sits down the hill from the Metro General Hospital Building which was converted into apartments a decade a go. A pedestrian bridge will connect to The Ryman Lofts.  

It will be known as the Trolley Barnes Parking Garage. Kline Swinney is serving as architect. Barge Cauthen & Associates is the civil engineer.

When work on the garage is completed, the RMH Site K surface parking lot, which is adjacent to Korean Veterans Boulevard and near the Gateway Bridge, can be cleared and prepped for a mixed-use project from veteran developer Ray Hensler (32 stories).

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21111134/rolling-mill-hill-project-image-released

[NashWellington11]

2 hours ago, markhollin said:

The 5 level, 400 capacity garage between the Trolley Barns and Rolling Mill Hill has been OK'd by the Metro Historic Zoning Commission, and images released.  The address is 15 Lea Ave., and sits down the hill from the Metro General Hospital Building which was converted into apartments a decade a go. A pedestrian bridge will connect to The Ryman Lofts.  

It will be known as the Trolley Barnes Parking Garage. Kline Swinney is serving as architect. Barge Cauthen & Associates is the civil engineer.

When work on the garage is completed, the RMH Site K surface parking lot, which is adjacent to Korean Veterans Boulevard and near the Gateway Bridge, can be cleared and prepped for a mixed-use project from veteran developer Ray Hensler (32 stories).

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21111134/rolling-mill-hill-project-image-released

Anyone have a link or access to the MDHA filings with drawings/renderings that are less compressed? The images published by the Post are illegible.

[WebberThomas4]

7 minutes ago, NashWellington11 said:

Anyone have a link or access to the MDHA filings with drawings/renderings that are less compressed? The images published by the Post are illegible.

https://www.nashville.gov/Portals/0/SiteContent/MHZC/docs/2020 Meetings/01-15-19/SR 33 Peabody, parking structure reduced for website.pdf

[NashWellington11]

9 minutes ago, WebberThomas4 said:

https://www.nashville.gov/Portals/0/SiteContent/MHZC/docs/2020 Meetings/01-15-19/SR 33 Peabody, parking structure reduced for website.pdf

Thanks. This confirmed what I suspected. The bridge to the Ryman Lofts is a vehicle entrance/exit, not a pedestrian bridge as the Post article states.

 

           

[Bos2Nash]

39 minutes ago, NashWellington11 said:

Thanks. This confirmed what I suspected. The bridge to the Ryman Lofts is a vehicle entrance/exit, not a pedestrian bridge as the Post article states.

 

           

These were my exact thoughts too. I am presuming that they will have to add security gates at the bridge on the garage side so that the Ryman Lofts parking lot remains secure, especially if this is a public garage that is essentially replacing the surface lot with Hensler's tower will be going

[japan]

On 1/17/2020 at 9:23 AM, markhollin said:

The NE corner of 5th and Broadway (424-428 Broadway) which is home to Legends Gifts and Legends Corner has sold for $8.94 million to country legends, Inc. (Brenda Sanderson and Ruble Sanderson who own multiple other Lower Broadway properties). The one story structure does not hold particular historical value, so will be interesting to see if they build (or add on) several stories for more honky tonk/tourism  opportunity.  The previous owners (the Davenport family) bought the site for $150,000 in 1978.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/commercial-real-estate/article/21110723/lower-broad-buildings-sell-for-89m

 

Does $8.9million seem low for that location?

[titanhog]

26 minutes ago, japan said:

Does $8.9million seem low for that location?

Depends.  If it's based on square footage and not being able to demo and build something substantial in its place...probably not.  If they're able to build something larger...then probably so.

[downtownresident]

23 minutes ago, titanhog said:

Depends.  If it's based on square footage and not being able to demo and build something substantial in its place...probably not.  If they're able to build something larger...then probably so.

They can probably demo that structure and build 2-3 stories. They may have to design a new structure in such a way that it fits in with the rest of Broadway. 

[markhollin]

Some history about the Bicentennial Mall/North Capitol area in the first installment of J.R. Lind's "Walk a Mile" series in The Scene:

https://www.nashvillescene.com/news/features/article/21110243/walk-a-mile-bicentennial-mall
 

[PaulChinetti]

Being as it's only 1 story, I'd say it's pretty good. The bigger 3 stories ones have been going for the high 20s, so it seems like around 7-10 million a floor is the going rate.

[japan]

5 hours ago, PaulChinetti said:

Being as it's only 1 story, I'd say it's pretty good. The bigger 3 stories ones have been going for the high 20s, so it seems like around 7-10 million a floor is the going rate.

I was just thinking about the old Yazoo property selling for above $9 million.  I guess it's the limitations on what can be built on Broadway.

[markhollin]

Two adjoining properties spanning a collective 1.28 acres at 100 Van Buren St. and 1500 2nd Ave. North have been sold for $3.64 million to Thrive Homes out of Atlanta.  One is an empty lot, and the other has a nondescript/non-historical 1 story warehouse on site.  No word on what type of residential project will go here.

More behind theNashville Post paywall:

https://www.nashvillepost.com/business/development/article/21111864/bearded-irisarea-sites-sell-for-364m

This screen shot from Smeagolsfree's excellent development map shows the site highlighted in gray at the center of the frame:

[markhollin]

Jackson Builders is planning a 3 story, 7 townhome project on .3 acre at 2403 Jefferson St. No name for the development yet. A Feb. 2021 completion date is planned.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/residential-real-estate/article/21112019/start-looms-for-north-side-townhome-project

 

[markhollin]

Broadstone Stockyards  (2, 4 & 5 stories, 310 units) update.  Brickwork continuing on all sides.

Looking SW from Stockyard St., 1/2 block east of 2nd Ave. North:

Looking west from intersection of Stockyard St. and 2nd Ave. North:




Looking west into interior courtyard, from 2nd Ave. North, 1/2 block north of Stockyard St. 

Looking SW from 2nd Ave. North, 1/2 block north of Stockyard St:




Looking SE from 3rd Ave. North, 1/4 block north of Stockyard St:

Looking east from intersection of Stockyard St. and 3rd Ave. North:

Looking SE from 3rd Ave. North, 1/4 block south of Stockyard St:

Looking NE from 3rd Ave. North, 1/2 block south of Stockyard St:




Looking north from intersection of 3rd Ave. North and Harrison Place:

Looking north from 2nd Ave. North, 1/2 block south of Stockyard St:

[nashvylle]

5 hours ago, markhollin said:

This is how you incorporate the old with the new!!!!

[markhollin]

Ludlow Flats (5 stories, 68 units) update. Starting 3rd floor.

Looking SW from intersection of Scovel St. and 10th AVe. North:

Looking NW from 10th Ave. North 1/2 block north of Jefferson St:

[markhollin]

Madison Flats, Phase II (3 stories, 47 units) update.  One building topped out.

Looking NE from Madison St., 1/2 block east of 7th Ave. North:

Looking NW from intersection of Madison St. and 6th Ave. North:

[markhollin]

Holiday Inn Select (6 stories, 110 rooms) is now complete and open as of last Wednesday.  Already 50% full with patrons over the weekend.

Looking NW from 3rd Ave. North where it crosses of I-40/65 inner loop:

 

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




Looking NE from south side of the site:

Lobby:

Nice lighting accents in hallways:

[markhollin]

Doubletree Hotel (12 stories, 341 rooms) at 315 Fourth Ave. North has been bought by AWH Partners out of NYC for $100 million.

More at Nashville Post here:

https://www.nashvillepost.com/business/development/article/21112070/doubletree-hotel-building-sells-for-xxxx

And behind the NBJ paywall here:

https://www.bizjournals.com/nashville/news/2020/01/27/surge-of-new-hotels-didnt-spook-these-buyers-from.html?iana=hpmvp_nsh_news_headline
 

[markhollin]

The two parcel site covering .45 acre at 522-526 5th Ave. South has sold for $5 million to Sila Development.  The rumor is they want to build a hotel there.  Currently the site houses a nondescript/non-historical one story building that is home to Rocketown Annex.  Rocketown was the seller, and they had paid $744,000 for it just 6 years ago.

More behind theNashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21113320/sobro-site-sells-for-5m

This screen shot from Smeagolfree's excellent development map shows the site highlighted in teal at the center of the frame: