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


smeagolsfree

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7 minutes ago, markhollin said:

Thorough summary piece at NashvilleNowNext on all the residential (5,478 units) and hotel (997 rooms) currently underway in The Gulch:

Crazy given the context that for the 2020 Census, the Gulch/Rutledge Hill census block (shown below) had a total population of only 3,732. So there's around 1.5 apartments underway for each current resident of the area.

image.png.95fc83849b3869141b8d8869185c7013.png

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I think it might be time , for all these celebrities to put a little more into Nashville’s future then just their name on a building. While it’s a good thing to see a street full of big names on fancy lights and signs, maybe they can entice the operators of their establishments to bring things up a few notches and become a destination that all can enjoy. The mayhem and unruliness that has become lower Broadway is awful. It would be a cool place to go, if it was a bit more sophisticated and pleasant. I especially dislike that they all call themselves a Restaurant/lounge, just to have a different set of regulations then by merely calling themselves a dive bar for that is what they truly are. There’s no way you can enjoy a meal and relax with some friends or family in the environment that exist.

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The .31 acre property and 2 story, 11,156 sq. ft.  non-historic structure at 636 Division St. has been purchased for $5 million by Albion Residential.  This is directly across the street from the 20 story residential tower they are currently building at 645 Division. the price works out to  about $15 million per acre/$370 per sq. ft.

Initially, the existing structure on site will serve as the pre-leasing center of The Albion Tower condos.  Once they are all sold, it will be curious to see if the developers make a move to buy the other two triangular properties which are available to the east and north of this site (which would then total about .8 acre) for another large development. 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/chicago-developer-pays-5m-for-gulch-property/article_125ab5f8-c00e-11ec-ab4d-4b170d26bfcf.html

636 Division, April 19, 2022, site.png


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

636 Division, April 19, 2022, site map.png

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7 hours ago, Luvemtall said:

I think it might be time , for all these celebrities to put a little more into Nashville’s future then just their name on a building. While it’s a good thing to see a street full of big names on fancy lights and signs, maybe they can entice the operators of their establishments to bring things up a few notches and become a destination that all can enjoy. The mayhem and unruliness that has become lower Broadway is awful. It would be a cool place to go, if it was a bit more sophisticated and pleasant. I especially dislike that they all call themselves a Restaurant/lounge, just to have a different set of regulations then by merely calling themselves a dive bar for that is what they truly are. There’s no way you can enjoy a meal and relax with some friends or family in the environment that exist.

Hate to break it to you, but lower broadway is popular because of the chaos. Visitors have a great time down there.

Timberlake’s bar is a nice spot, not unruly, I’d recommend the rooftop there.

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20 hours ago, markhollin said:

Tony Giarratana talks about his tower trio and other development trends happening downtown in this feature at NashvilleNowNext:

https://nashvillenownext.com/2022/04/19/editor-notes-tony-giarratana-talks-about-his-tower-trio-at-networking-dinner/

 

Screen Shot 2022-04-19 at 12.46.07 PM.png

Was so hoping to read that the start date for the 60 story tower has been moved forward to at the summer 2022... :)

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