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

[markhollin]

2nd & Monroe will be the name of a residential project featuring 217 units and 3,800 sq. ft. of retail/restaurant space on the .87 acre junk yard at 1231 2nd Ave. North (SE corner of 2nd and Monroe) .  No word on the height, but guessing that it will be 4  or 5 stories based on the footprint.  No renderings yet.   Greenpointe Construction out of Philadelphia just bought the land for $5.5 million. Centric Architecture is handling design, with Lucas Engineering in charge of land planning/engineering.  This sits caddy-corner (SW) to the massive Nashville Block 5/Neuhoff Plant redevelopment, and just to the west of Lifestyle Communities Germantown. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145201/germantown-site-sells-for-55m

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

[smeagolsfree]

I did research on the guy wanting to do the project and he does not have a good track record. One multifamily  project in Phily and the website says they were involved in a number of hotel projects in the south and N.E. The address went back to a PO Box in  West Chester but the phone number goes to Greenpointe Construction in Philadelphia.

Their Dunn & Bradstreet info is not impressive with a net revenue of a little over 2 million with 4 employees. He has been involved with a number of lawsuits pertaining to development and persons losing money. Unless he has a development partner I give it a 20% chance of happening. 

However if he has a development partner that we do not know about which is possible then it could happen.  Trez Forman Capital Group may be is source of capital.

His latest venture

citybizlist : Philadelphia : Trez Forman Capital Group Closes $6.75 Million Loan for Pennsylvania Mixed-Use Project

Past failures with a number of partners

Developer leaving a legacy of failures (inquirer.com)

[markhollin]

Blue Parrot (3 story bar) update:

Looking SW from intersection of Almond St. and Molloy St:

Looking NE from 4th Ave. South, 1/4 block north of KVB:

[PaulChinetti]

Is the skinny end the staircase for the building?

 

[downtownresident]

52 minutes ago, PaulChinetti said:

Is the skinny end the staircase for the building?

 

I believe it’s going to be cantilevered over the sidewalk on upper floors, but yes, that appears to be where the staircase is. 

[markhollin]

Mainland Companies have purchased the 4 parcel lot at 622 Jefferson St. (NE corner of Jefferson and 7th Ave. North) for $3.75 million that was once home to the historic Onyx Building that was destroyed by the March tornado. They apparently already have detailed development plans for the site, but are withholding them at this time. Mainland also owns the Elliot School condo conversion just to the east, and is building  a set of brick row houses jus to the north called Madison Street Flats.
 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145189/local-development-company-buys-again-in-germantown

This was the beautiful old Onyx Building that was on the site that was ripped apart by the March tornado:

[rookzie]

1 hour ago, markhollin said:

Mainland Companies have purchased the 4 parcel lot at 622 Jefferson St. (NE corner of Jefferson and 7th Ave. North) for $3.75 million that was once home to the historic Onyx Building that was destroyed by the March tornado. They apparently already have detailed development plans for the site, but are withholding them at this time. Mainland also owns the Elliot School condo conversion just to the east, and is building  a set of brick row houses jus to the north called Madison Street Flats.
 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145189/local-development-company-buys-again-in-germantown

This was the beautiful old Onyx Building that was on the site that was ripped apart by the March tornado:

 

That one in particular really did a sucker punch on my heart.

Not only had I driven by that structure zillions of times and rubber-necked to it during the last 30 years, but it used to draw my attention every time I would ride the Jefferson St. bus back in the mid-to-late 1950s, when Germantown had remained basically still "untouched".  Symbolically it meant a "whole lot" to me.

[smeagolsfree]

Sorry guys, not a fan of this building yet. Not sure how it will turn out and from all indications, NOT good!

I was not a fan of the rendering and as this black monstrosity takes shape the worse it looks.

[smeagolsfree]

Mainland now has the rest of the block.

[PaulChinetti]

So I guess these photos are the back? They are just building the back outside shell first, I am so confused haha.

[markhollin]

Despite bombing and pandemic, downtown business owners are still optimistic about the future.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/12/29/downtown-lower-broadway-explosion-business-leaders.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=4#cxrecs_s

[markhollin]

First Baptist Church expansion (3 stories) update: back patio and steps being set.

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

Looking NW from 6th Ave. South, 1/2 block north of Demonbreun:

[gannman]

On 12/29/2020 at 11:55 AM, markhollin said:

Mainland Companies have purchased the 4 parcel lot at 622 Jefferson St. (NE corner of Jefferson and 7th Ave. North) for $3.75 million that was once home to the historic Onyx Building that was destroyed by the March tornado. They apparently already have detailed development plans for the site, but are withholding them at this time. Mainland also owns the Elliot School condo conversion just to the east, and is building  a set of brick row houses jus to the north called Madison Street Flats.
 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145189/local-development-company-buys-again-in-germantown

This was the beautiful old Onyx Building that was on the site that was ripped apart by the March tornado:

 

Was the building razed after the tornado?

[smeagolsfree]

3 minutes ago, gannman said:

 

Was the building razed after the tornado?

Yes it was as there was not a lot of it left.

There was also a 73 million dollar loan issued for Modera Germantown this week as well.  So groundbreaking should be soon.

[markhollin]

The Muse (5 stories, 55 units) update: Starting 5th floor.

Looking SW from intersection of Hermitage Ave. and Lindsley Ave:

Looking SE from Lindsely Ave., 1/2 block east of Academy Place:

[markhollin]

Metro Water Treatment Plant upgrades ($400 million) update: Tower crane base in place; hole getting deeper for new admin. building.

Looking east from 3rd Ave. North, 1/2 block north of Garfield St:
 

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




Looking SE  from 3rd Ave. North, 1/2 block north of Garfield St:

[markhollin]

Trolley Barns South Garage (5 stories,  400 spaces) update: up to 5th level.

Looking NE from intersection of Hermitage Ave. and Lea Ave:

Looking east from Lea Ave., 1/4 block north of Hermitage Ave:

Looking SW from Rolling Mill Hills Observation Point:

[markhollin]

1106 Buchanan (3 stories,  5 townhomes) update: Windows set, brick painted.

Looking NE from Buchanan St., 1/2 block east of 12th Ave. North:

 

[markhollin]

Union Station Hotel new roofing installation update.

 

[markhollin]

CrossBridge (4 stories, office/residential) update: First level underway.

Looking south from Lindsley Ave.,  1/2 block east of University Court:

[markhollin]

Towne  Nashville (5 stories, 329 units) update: Moving a lot of dirt on site.

Looking north from Garfield St.,  1/4 block west of Rosa L. Parks Blvd:

Looking NW from Garfield St.,  1/4 block west of Rosa L. Parks Blvd:




Looking west from Garfield St.,  1/4 block west of Rosa L. Parks Blvd:

[markhollin]

Douglas Development out of Washington DC has purchased the half acre site at 532 4th Ave. South for $4.5 million and will most likely build an apartment structure there. Currently there is a nondescript, non-historical 1 story structure on the land. This will be their first project in Nashville.  They have 180 properties in in the NE.  No specs or renderings at this time.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/01/04/dc-developer-launches-first-nashville-project.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=2#cxrecs_s
 

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

[nashvylle]

7 minutes ago, markhollin said:

Douglas Development out of Washington DC has purchased the half acre site at 532 4th Ave. South for $4.5 million and will most likely build an apartment structure there. Currently there is a nondescript, non-historical 1 story structure on the land. This will be their first project in Nashville.  They have 180 properties in in the NE.  No specs or renderings at this time.
https://www.bizjournals.com/nashville/news/2021/01/04/dc-developer-launches-first-nashville-project.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=2#cxrecs_s

They appear to be a real company.

https://douglasdevelopment.com/properties/

[smeagolsfree]

They were part of the group that bought the Hampton Inn on 4th along with folks from the Jordache Jeans family. They have plenty of money and are legite.

[ArchitectBarbie]

6 hours ago, nashvylle said:

They appear to be a real company.

https://douglasdevelopment.com/properties/

There are some nice residential / mixed use buildings in the DC area on their website.