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

[markhollin]

Monroe Townhomes (3 stories, 18 townhomes) update: foundation work underway on Phase I.

Looking east from 4th Ave. North, 1/4 block south of Monroe St:

[Bos2Nash]

Courtesy of Meg Epstien's LinkedIn Page.

Eve (Formerly Water Tower Condos) is over 50% sold. Here are photos from her post that highlight the overall structure, views toward and away from the building and some interior shots.

[nashvylle]

Handsome addition.

[smeagolsfree]

This will be coming out in the Post later today in real estate notes, but the water sewer permit for site at 825 6th Ave S came back. They are seeking a multi-family development for 710 units, 365 1 BR/ 326 2 BR/24 3 BR units. I am sure this will be plus parking and I think the rate will be at 1 to 1, but it could be at 1.5 to 1. I am just unsure.

There is room for 3 towers of about 12 stories or two towers of around 20, with a large garage with amenities on top. This is just a guess. You could do even more towers as this is almost a 4 acre site. Either way a lot of units and my guess a big let down. There will probably be a lot of landscaping involved as well. My instincts tell me they will not seek bonus height, unless this is a phase I of a multi-phase project. If thats the case, then it could be a larger project at some point.

No retail or commercial involved.

[Mr_Bond]

40 minutes ago, smeagolsfree said:

There is room for 3 towers of about 12 stories or two towers of around 20, with a large garage with amenities on top. This is just a guess. You could do even more towers as this is almost a 4 acre site. Either way a lot of units and my guess a big let down. There will probably be a lot of landscaping involved as well. My instincts tell me they will not seek bonus height, unless this is a phase I of a multi-phase project. If thats the case, then it could be a larger project at some point.

No retail or commercial involved.

I can't imagine any retail wanting to go into this location.  This could block some of the view from Fort Negley toward Four Seasons.

[smeagolsfree]

The problem will be 10 years from now, it will be a retail dead zone. There will be a lot of residential and the folks there will be bitching about it. It’s just the nature of things. My problem with FT Negley is that no one lives there and hardly anyone uses the park. They have to use goats to keep the grass mowed.

Metro is so cheap. If they turned it into a usable space that would be one thing, but I will be that the Science Museum will block the view at some point with a new building of their own that have not even thought of yet.

[Mr_Bond]

24 minutes ago, smeagolsfree said:

The problem will be 10 years from now, it will be a retail dead zone. There will be a lot of residential and the folks there will be beotching about it.

True.  It would be nice to have a little retail space in every development.  This lot is so far away from currently occupied residential buildings that there are few who would ask for street activation.  Perhaps the revised DTC will speak to this for all of us, but who knows when this revision will take place.

[Bos2Nash]

Lack of retail is a huge disappointment. A development of this size could easily activate the intersection of Division and 6th Ave and from Division up to Mulberry Street along 6th Ave. Even Vine street could get activated more as TN Beer Works and aa couple other slots under the Division Street bridge. Additionally with the grade change from Mulberry to the Interstate a fair amount of parking could be stacked up along the interstate. This could open up a large amount of open square footage for a large tenant (ie grocery store, urban target, etc). With the new New Heights development just on the other side of the highway, this will be a great transition development.

I also hope that all parking access is only (and even limited to) Mulberry Street!

[smeagolsfree]

I could live with entry to the project from 6th, but there will have to be some work done to the intersection at 6th & Mulberry due to visibility concerns. Most likely a 4 way stop would be sufficient. Mulberry may have to widened as well to accommodate an increase in traffic.

I would bet they have not gotten as far as a traffic study yet.

You already have TN Brew Works across the street and it has been a success. I do not see why more commercial would not.

[markhollin]

AT&T Commerce St. Plaza update at SE corner of 4th Ave. North and Commerce St. is complete and open.
 

[markhollin]

Elliott Germantown (conversion of 3 story school building into residential) update: nearly complete.

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

Looking south from Madison St., 1/4 block west of 6th Ave. North:

Looking west from 6th Ave. North, 1/2 block north of Jefferson St:

Looking west from intersection of 7th Ave. North and Jefferson St:

[markhollin]

The Nell (5 thru 8 stories, 78 condos, internal garage) update: 2nd level starting to form; more columns starting to rise.

Looking SW from intersection of 7th Ave. South and Middleton St:

Looking NW from intersection of 7th Ave. South and Middleton St:

[markhollin]

Metro Water Treatment Plant (3 story admin buildings, $400 million in upgrades) update:  Up to 2nd level in portions, more columns rising.

Looking east from 3rd Ave. North near Garfield St:

[markhollin]

Hermitage Cafe, which has been in operation since the early 70s at 71 Hermitage Ave. (at the SW corner of Hermitage and Middleton St.) on Rutledge Hill, is going to close.  Here is a message they posted on their Facebook page yesterday:

“We know there are some posts about the diner closing. We will give an official statement next week. We were handed the news recently ourselves. So bare with us at this time. We are trying to handle this news ourselves. Thank you.”

No word form the owner of the property, GBX Realty, on their plans.

I'm believe the structure had been a service station before it was a restaurant.  And before that, an 1800s-era Victorian style Rutledge Hill home had been on the site. 

More behind the Nashville Post paywall here
https://www.nashvillepost.com/business/retail/hermitage-caf-seemingly-to-close/article_1db2ce72-217b-11ec-a5eb-3361d4d1732d.html
 

 

[markhollin]

Big Plan Holdings has landed a $27.5 million loan for construction of the 5 story, 35,000 sq. ft. entertainment venue they plan for the .16 acre surface lot  at 405 Broadway.  Centric Architecture is handling the design. Requests for building permits should begin in the next few weeks, and construction is planned to get underway in early 2022.

Additionally, Josh Joseph of Big Plan Holdings says he’s under contract for another piece “premier real estate” downtown, though he declined to name specifics.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/01/big-plan-holdings-to-break-ground.html
 

[downtownresident]

8 minutes ago, markhollin said:

Big Plan Holdings has landed a $27.5 million loan for construction of the 5 story, 35,000 sq. ft. entertainment venue they plan for the .16 acre surface lot  at 405 Broadway.  Centric Architecture is handling the design. Requests for building permits should begin in the next few weeks, and construction is planned to get underway in early 2022.

Additionally, Josh Joseph of Big Plan Holdings says he’s under contract for another piece “premier real estate” downtown, though he declined to name specifics.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/10/01/big-plan-holdings-to-break-ground.html
 

Really happy to see a parking lot filled in. 

[markhollin]

Rutledge Flats (8 stories, 174 units, ground level retail) update: Up to 4th floor.

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

[Sean blackdog]

33 minutes ago, markhollin said:

Rutledge Flats (8 stories, 174 units, ground level retail) update: Up to 4th floor.

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

Cool. 
Still no tower crane? 

[smeagolsfree]

There may be no tower crane here. They may just use a ground crane.

[markhollin]

1723 6th Ave. North (3 stories, 8 townhomes?) update: previous structures razed.

Looking west form 6th Ave. North, 1/4 block south of Buchanan St:

[markhollin]

Row @ 6th & Garfield, Phase II (3 stories, 4 units) update: brick work nearing completion.

Looking NE from intersection of 6th Ave. North and Garfield St:

[markhollin]

Nashville Block 5 (5 stories, 280 units, retail, internal garage) update: Lots of used brick/riff raff being dumped here (I believe it is from the Neuhoff site to the east, also owned by New City developers).

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

[smeagolsfree]

Stand by for major announcement around 11:00.

[Skyscrapergeek]

[markhollin]

Former O'Reilly Auto Parts at SW corner of Rosa L. Parks Blvd. and Monroe St. that was severely damaged during the March 2020 tornado is fully razed, and fencing up around the lot.  Still no word as to what might be going on this prime spot.